Rockefeller Capital Management L.P. Has $30.38 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

Rockefeller Capital Management L.P. boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 520,346 shares of the credit services provider’s stock after purchasing an additional 55,732 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in PayPal were worth $30,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Maia Wealth LLC increased its position in PayPal by 2.5% in the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after buying an additional 155 shares during the period. Transatlantique Private Wealth LLC boosted its position in shares of PayPal by 2.9% in the third quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 159 shares during the period. RWA Wealth Partners LLC boosted its position in shares of PayPal by 0.7% in the third quarter. RWA Wealth Partners LLC now owns 25,043 shares of the credit services provider’s stock valued at $1,679,000 after acquiring an additional 184 shares during the period. GeoWealth Management LLC grew its stake in shares of PayPal by 6.2% in the third quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock worth $216,000 after acquiring an additional 188 shares during the last quarter. Finally, Harrell Investment Partners LLC grew its stake in shares of PayPal by 2.1% in the fourth quarter. Harrell Investment Partners LLC now owns 9,374 shares of the credit services provider’s stock worth $547,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL stock opened at $42.51 on Monday. The stock has a market cap of $37.50 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of 1.06 and a beta of 1.34. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50. The stock has a fifty day moving average price of $45.58 and a 200 day moving average price of $49.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The firm had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 earnings per share. Analysts predict that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 4th. PayPal’s payout ratio is 10.51%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial cut their target price on shares of PayPal from $45.00 to $44.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Wolfe Research restated a “sell” rating on shares of PayPal in a research report on Monday, February 23rd. The Goldman Sachs Group dropped their price objective on shares of PayPal from $41.00 to $40.00 in a report on Wednesday, May 6th. KGI Securities reaffirmed a “hold” rating and set a $55.00 price objective on shares of PayPal in a research report on Monday, March 2nd. Finally, UBS Group increased their target price on shares of PayPal from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.85.

Insider Activity at PayPal

In other PayPal news, insider Frank Keller sold 4,612 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total transaction of $196,194.48. Following the completion of the transaction, the insider owned 41,567 shares in the company, valued at $1,768,260.18. This trade represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the sale, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,612 shares of company stock valued at $966,623 over the last quarter. 0.63% of the stock is owned by company insiders.

PayPal Company Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.