Natixis Advisors LLC Boosts Stock Position in PayPal Holdings, Inc. $PYPL

Natixis Advisors LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,551 shares of the credit services provider’s stock after buying an additional 23,305 shares during the period. Natixis Advisors LLC’s holdings in PayPal were worth $38,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in PayPal in the 2nd quarter worth $921,570,000. Dimensional Fund Advisors LP lifted its holdings in PayPal by 35.9% during the third quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock valued at $548,520,000 after purchasing an additional 2,160,227 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in PayPal by 1,066.0% during the second quarter. Lazard Asset Management LLC now owns 2,106,215 shares of the credit services provider’s stock valued at $156,532,000 after purchasing an additional 1,925,583 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of PayPal by 45.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,569,023 shares of the credit services provider’s stock valued at $265,250,000 after purchasing an additional 1,107,202 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of PayPal by 3,552.7% in the third quarter. Federated Hermes Inc. now owns 690,696 shares of the credit services provider’s stock valued at $46,318,000 after purchasing an additional 671,787 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

PYPL opened at $46.16 on Tuesday. The firm has a market capitalization of $42.50 billion, a PE ratio of 8.53, a PEG ratio of 1.40 and a beta of 1.43. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The firm’s 50-day moving average price is $50.00 and its 200 day moving average price is $60.38. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.49.

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

PayPal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, March 4th. PayPal’s dividend payout ratio (DPR) is currently 10.35%.

Insider Activity at PayPal

In related news, EVP Frank Keller sold 29,581 shares of PayPal stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the transaction, the executive vice president owned 51,567 shares in the company, valued at approximately $2,373,113.34. This trade represents a 36.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Suzan Kereere sold 13,515 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $621,960.30. Following the transaction, the insider directly owned 30,983 shares in the company, valued at $1,425,837.66. This trade represents a 30.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 87,608 shares of company stock valued at $3,831,535. 0.08% of the stock is currently owned by insiders.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

Analyst Ratings Changes

Several research analysts recently weighed in on PYPL shares. Morgan Stanley reduced their price target on shares of PayPal from $50.00 to $34.00 and set an “underweight” rating for the company in a research report on Wednesday, February 4th. Raymond James Financial reiterated a “market perform” rating on shares of PayPal in a report on Monday, February 23rd. KGI Securities reiterated a “hold” rating and set a $55.00 price objective on shares of PayPal in a research note on Monday, March 2nd. Dbs Bank raised PayPal to a “hold” rating in a report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on PayPal from $75.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Eight research analysts have rated the stock with a Buy rating, thirty-one have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat, PayPal presently has a consensus rating of “Hold” and an average price target of $59.03.

Check Out Our Latest Report on PayPal

About PayPal

(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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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