Swiss National Bank Reduces Stock Holdings in PayPal Holdings, Inc. $PYPL

Swiss National Bank cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,663,200 shares of the credit services provider’s stock after selling 181,700 shares during the quarter. Swiss National Bank owned about 0.28% of PayPal worth $178,594,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Norges Bank acquired a new position in shares of PayPal during the second quarter valued at about $921,570,000. Dimensional Fund Advisors LP increased its stake in PayPal by 35.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock valued at $548,520,000 after purchasing an additional 2,160,227 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of PayPal by 1,066.0% in the second quarter. Lazard Asset Management LLC now owns 2,106,215 shares of the credit services provider’s stock worth $156,532,000 after buying an additional 1,925,583 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of PayPal by 45.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,569,023 shares of the credit services provider’s stock worth $265,250,000 after buying an additional 1,107,202 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of PayPal by 3,552.7% during the third quarter. Federated Hermes Inc. now owns 690,696 shares of the credit services provider’s stock worth $46,318,000 after buying an additional 671,787 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PYPL. Citizens Jmp restated a “market perform” rating on shares of PayPal in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of PayPal in a report on Thursday, January 22nd. Susquehanna reduced their price objective on PayPal from $90.00 to $63.00 and set a “positive” rating for the company in a research note on Wednesday, February 4th. Robert W. Baird set a $52.00 target price on PayPal in a report on Wednesday, February 4th. Finally, Daiwa Securities Group dropped their target price on PayPal from $61.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 10th. Eight analysts have rated the stock with a Buy rating, thirty-one have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $59.03.

Get Our Latest Analysis on PYPL

Trending Headlines about PayPal

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Insider Activity

In related news, EVP Frank Keller sold 29,581 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $1,361,317.62. Following the transaction, the executive vice president directly owned 51,567 shares of the company’s stock, valued at approximately $2,373,113.34. This trade represents a 36.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Chris Natali sold 2,208 shares of PayPal stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the sale, the chief accounting officer owned 1,140 shares in the company, valued at approximately $50,992.20. The trade was a 65.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 87,608 shares of company stock worth $3,831,535 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

PayPal Trading Down 1.7%

Shares of PYPL stock opened at $46.16 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.50. The company has a market cap of $42.50 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.40 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50 day simple moving average of $50.00 and a 200-day simple moving average of $60.38.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The company had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.82 billion. PayPal had a net margin of 15.77% and a return on equity of 25.42%. PayPal’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 EPS. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a $0.14 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. PayPal’s dividend payout ratio (DPR) is 10.35%.

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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