Greenberg Financial Group Takes $760,000 Position in PayPal Holdings, Inc. $PYPL

Greenberg Financial Group acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,018 shares of the credit services provider’s stock, valued at approximately $760,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of PayPal by 35.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock valued at $548,520,000 after buying an additional 2,160,227 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of PayPal by 1,066.0% in the 2nd quarter. Lazard Asset Management LLC now owns 2,106,215 shares of the credit services provider’s stock valued at $156,532,000 after buying an additional 1,925,583 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of PayPal in the 3rd quarter valued at $97,794,000. Invesco Ltd. grew its position in shares of PayPal by 10.9% in the 3rd quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock valued at $746,508,000 after buying an additional 1,093,365 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of PayPal by 245.6% in the 4th quarter. SG Americas Securities LLC now owns 1,091,482 shares of the credit services provider’s stock valued at $63,721,000 after buying an additional 775,647 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on PYPL. Wall Street Zen downgraded shares of PayPal from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Rothschild & Co Redburn dropped their target price on shares of PayPal from $50.00 to $32.00 and set a “sell” rating on the stock in a research report on Wednesday, February 11th. Citigroup increased their target price on shares of PayPal from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday. Raymond James Financial reaffirmed a “market perform” rating on shares of PayPal in a research report on Monday, February 23rd. Finally, Wells Fargo & Company dropped their target price on shares of PayPal from $67.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, thirty-one have given a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $57.41.

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Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

PayPal Trading Up 2.2%

Shares of PayPal stock opened at $45.85 on Thursday. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $42.21 billion, a P/E ratio of 8.48, a PEG ratio of 1.35 and a beta of 1.40. The company’s fifty day moving average is $44.56 and its two-hundred day moving average is $56.80.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06). PayPal had a return on equity of 25.42% and a net margin of 15.77%.The business had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the business posted $1.19 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, March 4th. PayPal’s dividend payout ratio (DPR) is presently 10.35%.

Insiders Place Their Bets

In other news, EVP Frank Keller sold 29,581 shares of PayPal stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $1,361,317.62. Following the sale, the executive vice president owned 51,567 shares of the company’s stock, valued at $2,373,113.34. The trade was a 36.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzan Kereere sold 37,613 shares of PayPal stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $41.49, for a total transaction of $1,560,563.37. Following the completion of the sale, the insider directly owned 30,983 shares in the company, valued at approximately $1,285,484.67. The trade was a 54.83% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 87,608 shares of company stock valued at $3,831,535. Insiders own 0.08% of the company’s stock.

PayPal Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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