Milestone Asset Management LLC Purchases New Position in PayPal Holdings, Inc. $PYPL

Milestone Asset Management LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,773 shares of the credit services provider’s stock, valued at approximately $1,213,000.

Several other institutional investors and hedge funds also recently modified their holdings of PYPL. Dimensional Fund Advisors LP lifted its position in PayPal by 35.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock worth $548,520,000 after acquiring an additional 2,160,227 shares in the last quarter. Two Sigma Investments LP acquired a new stake in PayPal in the third quarter valued at approximately $97,794,000. Invesco Ltd. grew its position in PayPal by 10.9% in the third quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock valued at $746,508,000 after acquiring an additional 1,093,365 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of PayPal by 245.6% during the fourth quarter. SG Americas Securities LLC now owns 1,091,482 shares of the credit services provider’s stock valued at $63,721,000 after purchasing an additional 775,647 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of PayPal by 3,552.7% during the third quarter. Federated Hermes Inc. now owns 690,696 shares of the credit services provider’s stock worth $46,318,000 after purchasing an additional 671,787 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ PYPL opened at $51.22 on Thursday. The company has a 50-day moving average price of $45.49 and a two-hundred day moving average price of $55.48. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50. The stock has a market cap of $46.08 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.46 and a beta of 1.40. 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:PYPL) last released its quarterly earnings results 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). The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.82 billion. PayPal had a return on equity of 25.42% and a net margin of 15.77%.The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS. Analysts forecast that PayPal Holdings, Inc. will post 5.32 EPS for the current year.

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. PayPal’s dividend payout ratio (DPR) is 10.35%.

Insider Buying and Selling at PayPal

In other news, 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 transaction of $621,960.30. Following the sale, the insider directly owned 30,983 shares of the company’s stock, valued at $1,425,837.66. The trade was a 30.37% 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. Also, EVP Frank Keller sold 29,581 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was 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 in the company, valued at approximately $2,373,113.34. The trade was a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 87,608 shares of company stock valued at $3,831,535. 0.63% of the stock is owned by insiders.

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. Dbs Bank upgraded shares of PayPal to a “hold” rating in a research note on Friday, February 6th. The Goldman Sachs Group cut their price target on PayPal from $64.00 to $41.00 and set a “sell” rating on the stock in a research note on Wednesday, February 4th. Piper Sandler reduced their price target on PayPal from $76.00 to $74.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. UBS Group set a $50.00 price objective on PayPal in a research note on Thursday, April 16th. Finally, TD Cowen reaffirmed a “hold” rating on shares of PayPal in a report on Tuesday, February 3rd. Seven research analysts have rated the stock with a Buy rating, thirty-three have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.39.

PayPal 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.