Harvest Fund Management Co. Ltd Buys 15,724 Shares of PayPal Holdings, Inc. $PYPL

Harvest Fund Management Co. Ltd increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,159 shares of the credit services provider’s stock after buying an additional 15,724 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in PayPal were worth $4,445,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Kelleher Financial Advisors bought a new stake in PayPal during the third quarter worth $30,000. Torren Management LLC bought a new stake in PayPal during the fourth quarter worth $31,000. Private Wealth Asset Management LLC grew its holdings in PayPal by 8,700.0% during the fourth quarter. Private Wealth Asset Management LLC now owns 528 shares of the credit services provider’s stock worth $31,000 after buying an additional 522 shares in the last quarter. Strategic Advocates LLC bought a new stake in PayPal during the third quarter worth $38,000. Finally, Steph & Co. increased its stake in PayPal by 103.1% in the 4th quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock valued at $38,000 after buying an additional 333 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Key PayPal News

Here are the key news stories impacting PayPal this week:

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of PayPal in a research note on Friday, May 8th. KGI Securities reiterated a “hold” rating and issued a $55.00 price objective on shares of PayPal in a research note on Monday, March 2nd. Citigroup increased their price objective on shares of PayPal from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. Finally, UBS Group increased their price objective on shares of PayPal from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, PayPal presently has a consensus rating of “Hold” and an average price target of $55.85.

Get Our Latest Report on PYPL

Insider Activity

In other news, CAO Chris Natali sold 1,337 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the completion of the transaction, the chief accounting officer directly owned 1,586 shares of the company’s stock, valued at $78,443.56. This represents a 45.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total transaction of $536,170.72. Following the transaction, the insider directly owned 41,567 shares of the company’s stock, valued at $2,076,687.32. This represents a 20.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,612 shares of company stock valued at $966,623 in the last three months. Company insiders own 0.63% of the company’s stock.

PayPal Stock Up 0.3%

PayPal stock opened at $42.75 on Friday. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The firm has a 50 day moving average price of $46.27 and a 200-day moving average price of $50.66. The company has a market capitalization of $37.71 billion, a P/E ratio of 8.02, a P/E/G ratio of 1.07 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPLGet Free Report) last released its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share 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 during the quarter, compared to the consensus estimate of $8.05 billion. During the same period in the prior year, the firm earned $1.33 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts predict 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. Stockholders of record on Thursday, June 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s dividend payout ratio is currently 10.51%.

PayPal 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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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