DJE Kapital AG Acquires 15,126 Shares of PayPal Holdings, Inc. $PYPL

DJE Kapital AG lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 124,527 shares of the credit services provider’s stock after purchasing an additional 15,126 shares during the period. DJE Kapital AG’s holdings in PayPal were worth $7,401,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kelleher Financial Advisors bought a new position in shares of PayPal during the 3rd quarter valued at $30,000. Torren Management LLC purchased a new stake in shares of PayPal during the fourth quarter valued at approximately $31,000. Private Wealth Asset Management LLC boosted its stake in shares of PayPal by 8,700.0% during the fourth quarter. Private Wealth Asset Management LLC now owns 528 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 522 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of PayPal during the fourth quarter valued at approximately $31,000. Finally, Strategic Advocates LLC purchased a new stake in shares of PayPal during the third quarter valued at approximately $38,000. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PYPL opened at $41.24 on Friday. The stock has a fifty day simple moving average of $45.91 and a two-hundred day simple moving average of $49.99. 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 market cap of $36.38 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 1.02 and a beta of 1.34. 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 posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 earnings per share. Research analysts predict that PayPal Holdings, Inc. will post 5.3 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.14 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. PayPal’s dividend payout ratio is 10.51%.

Insiders Place Their Bets

In other news, CAO Chris Natali sold 1,337 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total transaction of $66,128.02. Following the completion of the transaction, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. This trade represents a 45.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total value of $144,587.41. Following the transaction, the insider owned 30,983 shares of the company’s stock, valued at $1,325,762.57. The trade was a 9.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 20,612 shares of company stock worth $966,623. 0.63% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PYPL has been the subject of a number of analyst reports. Loop Capital initiated coverage on PayPal in a research note on Tuesday, March 31st. They set a “hold” rating and a $46.00 price objective for the company. Wolfe Research reissued a “sell” rating on shares of PayPal in a research note on Monday, February 23rd. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. KGI Securities reissued a “hold” rating and set a $55.00 price objective on shares of PayPal in a research note on Monday, March 2nd. Finally, Daiwa Securities Group raised PayPal from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $55.85.

Check Out Our Latest Stock Report on PayPal

Key Stories Impacting PayPal

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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.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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