Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 97,319 shares of the credit services provider’s stock, valued at approximately $5,681,000.
Several other institutional investors also recently bought and sold shares of PYPL. PKO BP BANKOWY Universal Pension Society JSC purchased a new position in PayPal during the 4th quarter worth $525,000. Handelsbanken Fonder AB increased its holdings in shares of PayPal by 0.9% during the fourth quarter. Handelsbanken Fonder AB now owns 340,225 shares of the credit services provider’s stock valued at $19,862,000 after acquiring an additional 3,157 shares in the last quarter. Csenge Advisory Group boosted its stake in PayPal by 8.1% in the 4th quarter. Csenge Advisory Group now owns 5,911 shares of the credit services provider’s stock worth $345,000 after purchasing an additional 441 shares in the last quarter. Aviance Capital Partners LLC boosted its stake in PayPal by 2.5% in the 4th quarter. Aviance Capital Partners LLC now owns 17,190 shares of the credit services provider’s stock worth $1,004,000 after purchasing an additional 418 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in PayPal by 36.0% in the 4th quarter. ProShare Advisors LLC now owns 1,674,730 shares of the credit services provider’s stock worth $97,771,000 after purchasing an additional 442,969 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.
PayPal Trading Down 1.2%
NASDAQ PYPL opened at $43.83 on Wednesday. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The firm’s 50-day moving average is $46.48 and its two-hundred day moving average is $52.57. The stock has a market capitalization of $38.66 billion, a P/E ratio of 8.22, a PEG ratio of 1.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26.
PayPal Dividend Announcement
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 dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, June 4th. PayPal’s payout ratio is 10.51%.
Insiders Place Their Bets
In other PayPal news, EVP Frank Keller sold 29,581 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the transaction, the executive vice president owned 51,567 shares in the company, valued at $2,373,113.34. The trade was a 36.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Suzan Kereere sold 13,515 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $621,960.30. Following the completion of the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,425,837.66. The trade was a 30.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,373 shares of company stock worth $2,684,341 in the last 90 days. Corporate insiders own 0.63% of the company’s stock.
Wall Street Analyst Weigh In
PYPL has been the subject of a number of recent analyst reports. Canaccord Genuity Group reiterated a “hold” rating and issued a $42.00 target price (down from $100.00) on shares of PayPal in a research note on Wednesday, February 4th. Wells Fargo & Company lowered their price objective on shares of PayPal from $67.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Compass Point raised PayPal from a “sell” rating to a “neutral” rating and set a $51.00 price objective on the stock in a report on Wednesday, February 4th. Susquehanna cut their price target on PayPal from $90.00 to $63.00 and set a “positive” rating on the stock in a research report on Wednesday, February 4th. Finally, William Blair reaffirmed a “market perform” rating on shares of PayPal in a report on Tuesday, February 3rd. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.85.
Get Our Latest Analysis on PayPal
PayPal Company 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.
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