Generali Investments CEE investicni spolecnost a.s. lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 27.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,151 shares of the credit services provider’s stock after acquiring an additional 20,117 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in PayPal were worth $3,979,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in PayPal in the fourth quarter worth $949,758,000. Bank of America Corp DE lifted its position in PayPal by 67.9% during the first quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock valued at $1,158,554,000 after buying an additional 10,356,256 shares during the period. Amundi boosted its holdings in shares of PayPal by 227.6% during the 1st quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock valued at $624,364,000 after buying an additional 9,590,488 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of PayPal by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after buying an additional 5,534,462 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of PayPal by 355.1% in the 1st quarter. SG Americas Securities LLC now owns 4,967,170 shares of the credit services provider’s stock worth $224,665,000 after buying an additional 3,875,688 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.
PayPal Stock Performance
Shares of PayPal stock opened at $59.20 on Thursday. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.21. The firm’s 50-day moving average is $49.37 and its 200 day moving average is $47.15. The stock has a market cap of $50.64 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29.
PayPal Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, September 4th. PayPal’s payout ratio is presently 10.59%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Daiwa Securities Group upgraded shares of PayPal from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 6th. Susquehanna upped their price objective on shares of PayPal from $63.00 to $67.00 and gave the stock a “positive” rating in a report on Wednesday, July 29th. Mizuho raised their target price on shares of PayPal from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. HSBC began coverage on shares of PayPal in a report on Friday, July 24th. They set a “buy” rating for the company. Finally, Robert W. Baird upped their price target on PayPal from $50.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.72.
Check Out Our Latest Stock Analysis on PayPal
More PayPal News
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: Venmo growth supports the recovery story. Venmo’s total payment volume is growing at a mid-teens rate, giving PayPal an important source of transaction growth. Increasing adoption of products such as payments, credit and other monetization tools could help convert that activity into faster revenue growth. PayPal’s Venmo: Can Monetization Sustain Its Mid-Teens Growth?
- Positive Sentiment: Recent earnings and operational improvements remain supportive. PayPal reported quarterly earnings of $1.38 per share, ahead of the $1.28 consensus estimate, while revenue of $8.68 billion also exceeded expectations. Commentary highlighting improvements under CEO Enrique Lores and PayPal’s strong July performance has reinforced the view that the company may be stabilizing after a difficult period. Jim Cramer Examines PayPal Holdings Performance Under Enrique Lores and M&A Speculation
- Neutral Sentiment: Valuation and M&A speculation are influencing sentiment. Analysts and commentators are debating whether PayPal remains undervalued following its recent share-price gains. Reported speculation about a potential buyout proposal has added an additional catalyst, but there is no confirmed transaction, making this a source of volatility rather than a firm fundamental driver. Is PayPal Holdings (PYPL) Undervalued After Earnings And Its Recent Share Price Jump?
- Negative Sentiment: Investors remain concerned about monetization and the sustainability of growth. Venmo’s strong payment-volume expansion will not necessarily produce comparable revenue growth unless PayPal can increase product usage and monetization. After the stock’s sharp recent advance, any evidence that revenue conversion or profitability is lagging expectations could limit further upside. PayPal’s Venmo: Can Monetization Sustain Its Mid-Teens Growth?
Insider Activity at PayPal
In other 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 value of $144,587.41. Following the completion of the transaction, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total value of $196,194.48. Following the transaction, the insider directly owned 41,567 shares in the company, valued at approximately $1,768,260.18. The trade was a 9.99% 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 10,612 shares of company stock valued at $484,534. 0.63% of the stock is owned by corporate insiders.
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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