Ossiam Has $42.83 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

Ossiam grew its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 22.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 638,634 shares of the credit services provider’s stock after purchasing an additional 118,507 shares during the quarter. Ossiam’s holdings in PayPal were worth $42,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cloud Capital Management LLC bought a new position in PayPal in the 3rd quarter worth $30,000. True Wealth Design LLC lifted its position in PayPal by 285.3% during the 3rd quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 388 shares during the last quarter. VSM Wealth Advisory LLC bought a new stake in PayPal during the second quarter valued at about $36,000. Dagco Inc. boosted its holdings in PayPal by 1,250.0% during the third quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 500 shares during the period. Finally, Total Investment Management Inc. acquired a new stake in shares of PayPal in the second quarter valued at about $38,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PYPL shares. Citizens Jmp reiterated a “market perform” rating on shares of PayPal in a research note on Wednesday, February 4th. Wolfe Research restated a “sell” rating on shares of PayPal in a research note on Monday, February 23rd. Susquehanna lowered their target price on PayPal from $90.00 to $63.00 and set a “positive” rating on the stock in a report on Wednesday, February 4th. Morgan Stanley dropped their price target on PayPal from $50.00 to $34.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. Finally, Argus reduced their price objective on PayPal from $87.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Eight equities 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $59.03.

View Our Latest Stock Report on PayPal

More PayPal News

Here are the key news stories impacting PayPal this week:

Insider Activity at PayPal

In related news, CAO Chris Natali sold 2,208 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the transaction, the chief accounting officer directly owned 1,140 shares of the company’s stock, valued at $50,992.20. This trade represents a 65.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frank Keller sold 29,581 shares of PayPal stock in a transaction 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 sale, the executive vice president owned 51,567 shares in the company, valued at $2,373,113.34. This represents a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 87,608 shares of company stock worth $3,831,535. 0.08% of the stock is owned by corporate insiders.

PayPal Stock Up 1.2%

PYPL stock opened at $44.90 on Friday. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The company has a market cap of $41.34 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.32 and a beta of 1.43. The business’s 50-day simple moving average is $48.91 and its 200 day simple moving average is $59.82. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.49.

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

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. PayPal’s payout ratio is currently 10.35%.

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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