Evergreen Wealth Management LLC Takes Position in PayPal Holdings, Inc. $PYPL

Evergreen Wealth Management LLC purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,358 shares of the credit services provider’s stock, valued at approximately $1,539,000.

Several other hedge funds have also modified their holdings of PYPL. Vanguard Group Inc. grew its stake in shares of PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after purchasing an additional 5,534,462 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 during the last quarter. Two Sigma Investments LP bought a new stake in shares of PayPal during the third quarter valued at approximately $97,794,000. Invesco Ltd. grew its stake in shares of PayPal by 10.9% during the third quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock valued at $746,508,000 after purchasing an additional 1,093,365 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of PayPal during the fourth quarter valued at approximately $51,680,000. 68.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PYPL shares. Citigroup raised their price target on PayPal from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft decreased their price target on PayPal from $50.00 to $45.00 in a report on Monday, May 11th. Stephens decreased their price target on PayPal from $65.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $42.00 price target (down from $100.00) on shares of PayPal in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $55.85.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 37,613 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $41.49, for a total transaction of $1,560,563.37. Following the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,285,484.67. This trade represents a 54.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the executive vice president directly owned 51,567 shares in the company, valued at approximately $2,373,113.34. This represents a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 94,986 shares of company stock worth $4,244,904. Insiders own 0.63% of the company’s stock.

PayPal Price Performance

Shares of PYPL stock opened at $44.38 on Tuesday. 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 $39.15 billion, a PE ratio of 8.33, a PEG ratio of 1.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s 50 day moving average price is $46.54 and its two-hundred day moving average price is $52.76.

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

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PayPal’s dividend payout ratio (DPR) is 10.51%.

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.