AEGON ASSET MANAGEMENT UK Plc Purchases Shares of 45,160 PayPal Holdings, Inc. $PYPL

AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the first quarter, Holdings Channel reports. The institutional investor acquired 45,160 shares of the credit services provider’s stock, valued at approximately $2,042,000.

Other hedge funds also recently made changes to their positions in the company. Park National Corp OH bought a new stake in shares of PayPal in the 1st quarter valued at $106,000. Uhlmann Price Securities LLC increased its position in shares of PayPal by 8.2% during the first quarter. Uhlmann Price Securities LLC now owns 26,583 shares of the credit services provider’s stock worth $1,202,000 after buying an additional 2,008 shares during the period. Paladin Wealth LLC raised its stake in PayPal by 6.4% during the first quarter. Paladin Wealth LLC now owns 10,329 shares of the credit services provider’s stock worth $467,000 after buying an additional 624 shares during the last quarter. Stance Capital LLC raised its stake in PayPal by 9.7% during the fourth quarter. Stance Capital LLC now owns 22,659 shares of the credit services provider’s stock worth $1,323,000 after buying an additional 2,003 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in PayPal by 12.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 520,346 shares of the credit services provider’s stock valued at $30,378,000 after buying an additional 55,732 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 3,379 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 dated 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 $78,443.56. This represents a 45.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,612 shares of company stock valued at $966,623 over the last three months. Corporate insiders own 0.63% of the company’s stock.

PayPal Price Performance

Shares of PYPL opened at $42.51 on Friday. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50. The business’s fifty day moving average is $45.58 and its 200 day moving average is $49.27. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The stock has a market cap of $37.50 billion, a P/E ratio of 7.98, a P/E/G ratio of 1.06 and a beta of 1.34.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 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 business had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the previous year, the business posted $1.33 EPS. PayPal’s quarterly revenue was up 7.2% on a year-over-year basis. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.3 earnings per share for the current fiscal year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued 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 is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

Wall Street Analyst Weigh In

A number of brokerages have commented on PYPL. Cantor Fitzgerald upped their price target on shares of PayPal from $42.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Bank of America lowered their price objective on PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $59.00 price objective on shares of PayPal in a research note on Wednesday, May 6th. Zacks Research upgraded PayPal from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Finally, Loop Capital initiated coverage on PayPal in a research note on Tuesday, March 31st. They set a “hold” rating and a $46.00 target price for the company. Eight 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.85.

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.