Candriam S.C.A. cut its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 75.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 80,787 shares of the credit services provider’s stock after selling 242,660 shares during the quarter. Candriam S.C.A.’s holdings in PayPal were worth $3,654,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Bard Associates Inc. acquired a new stake in shares of PayPal in the 4th quarter valued at $25,000. Kelleher Financial Advisors bought a new position in PayPal during the 3rd quarter valued at about $30,000. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $27,000 after buying an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in PayPal during the fourth quarter worth about $28,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of PayPal during the fourth quarter worth approximately $30,000. Institutional investors own 68.32% of the company’s stock.
Insider Buying and Selling
In other news, insider Suzan Kereere sold 3,379 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total value of $144,587.41. Following the sale, the insider directly owned 30,983 shares in the company, valued at $1,325,762.57. The trade was a 9.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total value of $536,170.72. Following the completion of the sale, the insider owned 41,567 shares in the company, valued at $2,076,687.32. The trade was a 20.52% 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. In the last ninety days, insiders sold 20,612 shares of company stock valued at $966,623. Company insiders own 0.63% of the company’s stock.
PayPal Stock Up 2.9%
PayPal (NASDAQ:PYPL – Get Free Report) 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. The company had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.PayPal’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 EPS. Research analysts predict that PayPal Holdings, Inc. will post 5.32 EPS for the current year.
PayPal Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a $0.14 dividend. The ex-dividend date of this dividend 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 presently 10.51%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Barclays assumed coverage on PayPal in a research report on Tuesday, July 7th. They set an “underweight” rating and a $42.00 price target on the stock. UBS Group raised their target price on PayPal from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Daiwa Securities Group upgraded shares of PayPal from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald increased their price objective on shares of PayPal from $42.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Mizuho reissued a “neutral” rating and set a $50.00 price objective (down from $60.00) on shares of PayPal in a report on Thursday, April 16th. Seven investment analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.91.
View Our Latest Stock Report on PYPL
More PayPal News
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: PayPal joined the European Payments Council, a strategically important move that could expand its influence in European payment infrastructure and support long-term growth. PayPal Joins the European Payments Council
- Positive Sentiment: Options activity was unusually bullish, with investors buying 109,935 call contracts, 37% above typical volume, which can signal expectations for additional near-term gains.
- Neutral Sentiment: PayPal’s continued capital returns and recent Russell index reconstitution may be supporting technical buying, but these are more flow-driven than fundamental catalysts. PayPal quarterly materials
- Negative Sentiment: Despite the recent rebound, PayPal still faces a mixed longer-term investor backdrop, including prior concerns about growth quality and margin pressure mentioned in recent coverage.
About PayPal
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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