BI Asset Management Fondsmaeglerselskab A S Reduces Stock Holdings in PayPal Holdings, Inc. $PYPL

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,072 shares of the credit services provider’s stock after selling 65,218 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in PayPal were worth $17,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Brighton Jones LLC grew its stake in PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after buying an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in PayPal during the 4th quarter worth about $248,000. Sivia Capital Partners LLC lifted its position in PayPal by 41.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after acquiring an additional 1,310 shares during the period. United Bank lifted its position in PayPal by 40.1% during the 2nd quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after acquiring an additional 4,974 shares during the period. Finally, Federated Hermes Inc. lifted its position in PayPal by 17.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock worth $1,405,000 after acquiring an additional 2,865 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

NASDAQ:PYPL opened at $41.29 on Friday. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The stock has a 50 day moving average of $46.20 and a two-hundred day moving average of $50.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The firm has a market cap of $36.42 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.34.

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

PayPal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a $0.14 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. PayPal’s dividend payout ratio is 10.51%.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

Insider Activity

In other news, insider Suzan Kereere sold 3,379 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $1,325,762.57. This represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the transaction, the chief accounting officer owned 1,586 shares in the company, valued at $78,443.56. This represents a 45.74% 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 worth $966,623 over the last ninety days. Corporate insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PYPL. KGI Securities reissued a “hold” rating and issued a $55.00 price objective on shares of PayPal in a report on Monday, March 2nd. Sanford C. Bernstein reissued a “market perform” rating on shares of PayPal in a report on Tuesday, February 24th. The Goldman Sachs Group cut their price target on PayPal from $41.00 to $40.00 in a research note on Wednesday, May 6th. Truist Financial cut their price target on PayPal from $45.00 to $44.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Finally, Wolfe Research restated a “sell” rating on shares of PayPal in a research note on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.85.

View Our Latest Analysis on PayPal

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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