Fideuram Asset Management Ireland dac Acquires New Shares in PayPal Holdings, Inc. $PYPL

Fideuram Asset Management Ireland dac acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,138 shares of the credit services provider’s stock, valued at approximately $1,234,000.

A number of other institutional investors have also recently bought and sold shares of the company. Basepoint Wealth LLC acquired a new stake in PayPal during the fourth quarter valued at $40,000. Linscomb Wealth Inc. boosted its position in PayPal by 3.6% during the fourth quarter. Linscomb Wealth Inc. now owns 38,766 shares of the credit services provider’s stock valued at $2,263,000 after purchasing an additional 1,365 shares during the last quarter. Rothschild Investment LLC boosted its position in PayPal by 1.8% during the fourth quarter. Rothschild Investment LLC now owns 69,753 shares of the credit services provider’s stock valued at $4,072,000 after purchasing an additional 1,207 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in PayPal by 2.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 114,501 shares of the credit services provider’s stock valued at $6,685,000 after purchasing an additional 3,248 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in PayPal by 7.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 7,176 shares of the credit services provider’s stock valued at $419,000 after purchasing an additional 498 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 13,515 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 $621,960.30. Following the transaction, the insider directly owned 30,983 shares in the company, valued at approximately $1,425,837.66. The trade was a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total value of $98,763.84. Following the transaction, the chief accounting officer owned 1,140 shares in the company, valued at $50,992.20. This represents a 65.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 57,373 shares of company stock worth $2,684,341. Company insiders own 0.63% of the company’s stock.

PayPal Trading Up 0.7%

PayPal stock opened at $44.75 on Friday. 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 business’s 50-day simple moving average is $46.32 and its 200-day simple moving average is $51.38. The firm has a market capitalization of $39.47 billion, a PE ratio of 8.40, a PEG ratio of 1.11 and a beta of 1.39. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $8.35 billion for the quarter, compared to analyst estimates of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a $0.14 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. PayPal’s payout ratio is presently 10.51%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PYPL shares. Deutsche Bank Aktiengesellschaft cut their target price on PayPal from $50.00 to $45.00 in a report on Monday, May 11th. Bank of America cut their target price on PayPal from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Evercore cut their target price on PayPal from $65.00 to $40.00 and set an “in-line” rating on the stock in a report on Tuesday, February 3rd. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. Finally, Mizuho restated a “neutral” rating and set a $50.00 target price (down from $60.00) on shares of PayPal in a report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Hold” and an average price target of $55.85.

About PayPal

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.