Fideuram Intesa Sanpaolo Private Banking S.P.A. Increases Position in PayPal Holdings, Inc. $PYPL

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 15.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,517 shares of the credit services provider’s stock after purchasing an additional 15,198 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in PayPal were worth $5,089,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 purchasing an additional 5,534,462 shares during the last quarter. Rule One Partners LLC acquired a new stake in shares of PayPal during the 4th quarter worth $2,043,000. Capital Research Global Investors increased its holdings in shares of PayPal by 2.3% during the 3rd quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock worth $1,874,637,000 after buying an additional 636,441 shares during the last quarter. Step Capital Management Pte. Ltd. purchased a new position in shares of PayPal in the 4th quarter worth $6,130,000. Finally, Easterly Investment Partners LLC raised its position in shares of PayPal by 705.2% in the 4th quarter. Easterly Investment Partners LLC now owns 100,651 shares of the credit services provider’s stock worth $5,876,000 after buying an additional 88,151 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ:PYPL opened at $45.47 on Friday. The business’s 50-day moving average is $44.49 and its two-hundred day moving average is $48.00. The firm has a market capitalization of $40.11 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.13 and a beta of 1.33. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPLGet Free Report) last issued its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The company had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. Research analysts predict that PayPal Holdings, Inc. will post 5.32 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, June 4th. PayPal’s dividend payout ratio is currently 10.51%.

Insider Buying and Selling at PayPal

In related news, insider Frank Keller sold 4,612 shares of PayPal 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 completion of the sale, the insider 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. The sale was disclosed in a filing 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 the stock in a transaction 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 transaction, the insider owned 30,983 shares in the company, valued at $1,325,762.57. This trade represents a 9.83% 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. Insiders sold 20,612 shares of company stock valued at $966,623 over the last 90 days. 0.63% of the stock is owned by corporate insiders.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on PayPal from $40.00 to $41.00 and gave the company a “sell” rating in a research report on Monday, June 29th. Zacks Research upgraded PayPal from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. UBS Group lifted their price objective on PayPal from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. BNP Paribas Exane boosted their target price on PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a report on Friday, April 10th. Finally, Citigroup increased their target price on shares of PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $55.01.

Get Our Latest Stock Analysis on PayPal

PayPal Profile

(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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