PayPal Holdings, Inc. $PYPL Shares Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 15.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,517 shares of the credit services provider’s stock after purchasing an additional 15,198 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in PayPal were worth $5,089,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PYPL. Vanguard Group Inc. increased its position in PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after purchasing an additional 5,534,462 shares during the last quarter. Rule One Partners LLC purchased a new position in shares of PayPal during the 4th quarter worth approximately $2,043,000. Capital Research Global Investors raised its holdings in shares of PayPal by 2.3% in the 3rd quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock valued at $1,874,637,000 after buying an additional 636,441 shares during the period. Step Capital Management Pte. Ltd. acquired a new stake in shares of PayPal during the fourth quarter worth about $6,130,000. Finally, Easterly Investment Partners LLC lifted its holdings in PayPal by 705.2% during the 4th quarter. Easterly Investment Partners LLC now owns 100,651 shares of the credit services provider’s stock worth $5,876,000 after buying an additional 88,151 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $45.47 on Friday. 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 company has a fifty day simple moving average of $44.49 and a 200-day simple moving average of $48.00. The stock has a market cap of $40.11 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.13 and a beta of 1.33. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings results 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. The firm had revenue of $8.35 billion for the quarter, compared to analyst estimates of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. PayPal’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $1.33 EPS. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.32 EPS for the current fiscal year.

PayPal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. PayPal’s dividend payout ratio is currently 10.51%.

More PayPal News

Here are the key news stories impacting PayPal this week:

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 3,379 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total transaction of $144,587.41. Following the sale, the insider directly owned 30,983 shares in the company, valued at approximately $1,325,762.57. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the firm’s stock in a transaction dated 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 owned 41,567 shares of the company’s stock, valued at $2,076,687.32. This trade 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. In the last three months, insiders have sold 20,612 shares of company stock valued at $966,623. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PYPL. BNP Paribas Exane raised their target price on shares of PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a report on Friday, April 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of PayPal in a research report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $59.00 price objective on shares of PayPal in a research report on Wednesday, May 6th. BMO Capital Markets assumed coverage on PayPal in a report on Tuesday, April 21st. They issued a “market perform” rating and a $52.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target on PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus price target of $55.01.

Get Our Latest Analysis on PYPL

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.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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