Krilogy Financial LLC Grows Stake in PayPal Holdings, Inc. $PYPL

Krilogy Financial LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 184.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,522 shares of the credit services provider’s stock after purchasing an additional 25,610 shares during the period. Krilogy Financial LLC’s holdings in PayPal were worth $1,969,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Bard Associates Inc. purchased a new position in shares of PayPal during the fourth quarter valued at $25,000. Kelleher Financial Advisors bought a new stake in shares of PayPal in the third quarter valued at about $30,000. Caitong International Asset Management Co. Ltd lifted its stake in PayPal by 15,233.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 457 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in PayPal in the fourth quarter worth about $28,000. Finally, Advocate Investing Services LLC bought a new position in PayPal during the 4th quarter worth about $30,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on PYPL. Weiss Ratings reissued a “hold (c-)” rating on shares of PayPal in a research report on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $59.00 price objective on shares of PayPal in a research note on Wednesday, May 6th. Loop Capital initiated coverage on shares of PayPal in a report on Tuesday, March 31st. They set a “hold” rating and a $46.00 price objective on the stock. Citigroup lifted their price objective on shares of PayPal from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Finally, Daiwa Securities Group upgraded PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, PayPal currently has an average rating of “Hold” and an average price target of $55.85.

Read Our Latest Stock Analysis on PYPL

PayPal Stock Performance

PYPL stock opened at $42.47 on Thursday. The firm has a market cap of $37.46 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 1.04 and a beta of 1.34. The firm has a 50-day simple moving average of $45.33 and a two-hundred day simple moving average of $48.75. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The firm had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 EPS. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s payout ratio is currently 10.51%.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

Insider Transactions at PayPal

In other news, CAO Chris Natali sold 1,337 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total transaction of $66,128.02. Following the completion of the sale, the chief accounting officer owned 1,586 shares in the company, valued at approximately $78,443.56. This represents a 45.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total value of $144,587.41. Following the completion of the sale, the insider directly owned 30,983 shares of the company’s stock, valued at $1,325,762.57. The trade was a 9.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 20,612 shares of company stock valued at $966,623. Corporate insiders own 0.63% of the company’s stock.

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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