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

Swiss National Bank reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 6.4% in the 3rd quarter, Holdings Channel reports. The firm owned 2,663,200 shares of the credit services provider’s stock after selling 181,700 shares during the quarter. Swiss National Bank’s holdings in PayPal were worth $178,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after buying an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in PayPal during the fourth quarter worth about $248,000. Sivia Capital Partners LLC boosted its position in PayPal by 41.5% during the second quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after acquiring an additional 1,310 shares during the last quarter. United Bank grew its stake in PayPal by 40.1% during the 2nd quarter. United Bank now owns 17,388 shares of the credit services provider’s stock valued at $1,292,000 after acquiring an additional 4,974 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in PayPal by 4.7% during the 2nd quarter. AE Wealth Management LLC now owns 45,032 shares of the credit services provider’s stock valued at $3,347,000 after acquiring an additional 2,010 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ:PYPL opened at $46.16 on Tuesday. 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 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50 day moving average price of $50.00 and a 200 day moving average price of $60.38. The stock has a market capitalization of $42.50 billion, a P/E ratio of 8.53, a PEG ratio of 1.40 and a beta of 1.43.

PayPal (NASDAQ:PYPLGet Free Report) last announced its 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). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The firm had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the firm earned $1.19 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, March 4th. PayPal’s payout ratio is currently 10.35%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PYPL shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PayPal from $75.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Bank of America started coverage on PayPal in a report on Thursday, March 5th. They issued a “neutral” rating and a $48.00 price target for the company. Cantor Fitzgerald lowered their price objective on PayPal from $60.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, February 9th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Tuesday, February 3rd. Finally, Compass Point upgraded PayPal from a “sell” rating to a “neutral” rating and set a $51.00 price target on the stock in a report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, thirty-one have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Hold” and an average target price of $59.03.

Check Out Our Latest Stock Analysis on PYPL

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

Insider Activity at PayPal

In other PayPal news, EVP Frank Keller sold 29,581 shares of PayPal stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $1,361,317.62. Following the completion of the transaction, the executive vice president directly owned 51,567 shares of the company’s stock, valued at $2,373,113.34. The trade was a 36.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Suzan Kereere sold 13,515 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $621,960.30. Following the sale, the insider owned 30,983 shares in the company, valued at $1,425,837.66. This trade represents a 30.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 87,608 shares of company stock worth $3,831,535. 0.08% of the stock is currently owned by company insiders.

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.

Featured Articles

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.