OP Asset Management Ltd Takes Position in PayPal Holdings, Inc. $PYPL

OP Asset Management Ltd purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the first quarter, HoldingsChannel.com reports. The fund purchased 92,433 shares of the credit services provider’s stock, valued at approximately $4,181,000.

Other large investors have also made changes to their positions in the company. Bard Associates Inc. bought a new stake in PayPal during the fourth quarter worth $25,000. Kelleher Financial Advisors bought a new position in shares of PayPal in the 3rd quarter valued at $30,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after buying an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of PayPal during the 4th quarter worth $28,000. Finally, Advocate Investing Services LLC bought a new stake in shares of PayPal during the 4th quarter worth $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on PYPL shares. UBS Group raised their price objective on PayPal from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. KGI Securities reissued a “hold” rating and set a $55.00 target price on shares of PayPal in a research note on Monday, March 2nd. Cantor Fitzgerald increased their target price on shares of PayPal from $42.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. BNP Paribas Exane raised their price target on shares of PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a research note on Friday, April 10th. Finally, Truist Financial decreased their price target on shares of PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $55.85.

Insider Activity at PayPal

In related news, 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 transaction of $66,128.02. Following the sale, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. This trade represents a 45.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the sale, the insider directly owned 41,567 shares in the company, valued at $2,076,687.32. The trade was a 20.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,612 shares of company stock worth $966,623 in the last quarter. 0.63% of the stock is owned by insiders.

PayPal Trading Up 4.5%

Shares of PYPL stock opened at $44.29 on Friday. The firm has a market capitalization of $39.07 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.06 and a beta of 1.34. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $45.12 and its 200 day simple moving average is $48.58.

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

PayPal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is 10.51%.

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.