Swedbank AB Acquires 14,777 Shares of PayPal Holdings, Inc. $PYPL

Swedbank AB lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 1.6% in the fourth quarter, Holdings Channel reports. The fund owned 948,406 shares of the credit services provider’s stock after purchasing an additional 14,777 shares during the quarter. Swedbank AB’s holdings in PayPal were worth $55,368,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of PayPal by 6.5% in 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 acquiring an additional 5,534,462 shares during the last quarter. National Pension Service lifted its holdings in shares of PayPal by 1.8% in the 3rd quarter. National Pension Service now owns 2,855,897 shares of the credit services provider’s stock valued at $191,516,000 after acquiring an additional 51,268 shares during the last quarter. NEOS Investment Management LLC lifted its holdings in shares of PayPal by 47.8% in the 3rd quarter. NEOS Investment Management LLC now owns 411,262 shares of the credit services provider’s stock valued at $27,579,000 after acquiring an additional 132,942 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of PayPal by 21.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 463,701 shares of the credit services provider’s stock valued at $31,096,000 after acquiring an additional 80,744 shares during the last quarter. Finally, Capital Research Global Investors lifted 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 acquiring an additional 636,441 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

PayPal Stock Performance

Shares of PYPL stock opened at $44.23 on Monday. The firm has a market cap of $39.02 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.11 and a beta of 1.39. The company’s 50 day moving average is $46.40 and its 200 day moving average is $52.06. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. The company 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 was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.

PayPal Dividend Announcement

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

Insider Activity at PayPal

In related news, CAO Chris Natali sold 2,208 shares of PayPal stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total transaction of $98,763.84. Following the transaction, the chief accounting officer directly owned 1,140 shares of the company’s stock, valued at $50,992.20. This trade represents a 65.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Suzan Kereere sold 13,515 shares of PayPal 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 $621,960.30. Following the transaction, the insider directly owned 30,983 shares in the company, valued at approximately $1,425,837.66. The trade was a 30.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,373 shares of company stock valued at $2,684,341 over the last ninety days. 0.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on PYPL shares. Robert W. Baird set a $52.00 price objective on shares of PayPal in a research note on Wednesday, February 4th. Raymond James Financial reissued a “market perform” rating on shares of PayPal in a research note on Monday, February 23rd. William Blair reissued a “market perform” rating on shares of PayPal in a research note on Tuesday, February 3rd. HSBC downgraded shares of PayPal from a “buy” rating to a “hold” rating and set a $47.00 price objective for the company. in a research note on Wednesday, February 4th. Finally, Evercore decreased their price objective on shares of PayPal from $65.00 to $40.00 and set an “in-line” rating for the company in a research note on Tuesday, February 3rd. Eight analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.85.

Check Out Our Latest Stock Report on PayPal

About PayPal

(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.

Featured Stories

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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