124,610 Shares in PayPal Holdings, Inc. $PYPL Purchased by First National Bank of Omaha

First National Bank of Omaha bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 124,610 shares of the credit services provider’s stock, valued at approximately $7,334,000.

Other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its stake in PayPal by 15,233.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 457 shares in the last quarter. Kelleher Financial Advisors purchased a new position in PayPal in the 3rd quarter worth approximately $30,000. Advocate Investing Services LLC purchased a new position in PayPal in the 4th quarter worth approximately $30,000. Torren Management LLC purchased a new position in PayPal in the 4th quarter worth approximately $31,000. Finally, Private Wealth Asset Management LLC lifted its stake in PayPal by 8,700.0% in the 4th quarter. Private Wealth Asset Management LLC now owns 528 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 522 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PYPL. BNP Paribas Exane raised their target price on shares of PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PayPal from $50.00 to $45.00 in a research report on Monday, May 11th. The Goldman Sachs Group reduced their price target on shares of PayPal from $41.00 to $40.00 in a research report on Wednesday, May 6th. Mizuho reaffirmed a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of PayPal in a research report on Thursday, April 16th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $42.00 price target on shares of PayPal in a research report on Wednesday, May 20th. Eight investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $55.85.

PayPal Stock Up 0.7%

PayPal stock opened at $41.53 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50 day moving average price of $45.85 and a 200 day moving average price of $49.93. The company has a market capitalization of $36.63 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.03 and a beta of 1.34.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The firm had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter last year, the firm earned $1.33 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Research analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is 10.51%.

Insider Activity at PayPal

In related news, insider Frank Keller sold 4,612 shares of PayPal stock in a transaction that occurred 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 completion of the sale, the insider owned 41,567 shares in the company, valued at approximately $1,768,260.18. This trade represents a 9.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the completion of the sale, the insider owned 30,983 shares of the company’s stock, valued at $1,325,762.57. This trade represents a 9.83% 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 quarter, insiders sold 20,612 shares of company stock worth $966,623. Insiders own 0.63% of the company’s stock.

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.