EFG International AG Takes Position in PayPal Holdings, Inc. $PYPL

EFG International AG acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,100 shares of the credit services provider’s stock, valued at approximately $1,386,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bard Associates Inc. bought a new position in PayPal during the 4th quarter worth about $25,000. Allied Private Wealth LLC bought a new stake in shares of PayPal in the 2nd quarter valued at about $25,000. Robinswood Financial LLC bought a new stake in shares of PayPal in the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 during the period. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in PayPal during the second quarter valued at approximately $27,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Down 0.7%

PayPal stock opened at $61.81 on Thursday. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.21. The business has a fifty day moving average price of $53.28 and a 200-day moving average price of $47.92. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $52.88 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.52 and a beta of 1.30.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. PayPal’s dividend payout ratio is 10.59%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Cantor Fitzgerald boosted their price objective on shares of PayPal from $54.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. BNP Paribas Exane increased their target price on PayPal from $43.50 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Canaccord Genuity Group reiterated a “hold” rating and issued a $55.00 price target on shares of PayPal in a report on Wednesday, July 29th. Telsey Advisory Group lowered PayPal to a “market perform” rating in a research report on Friday, July 24th. Finally, Jefferies Financial Group upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.28.

Insider Activity

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total transaction of $253,715.52. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,888,723.68. The trade was a 11.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total transaction of $196,194.48. Following the transaction, the insider owned 41,567 shares in the company, valued at $1,768,260.18. The trade was a 9.99% decrease in their position. 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 have sold a total of 14,774 shares of company stock worth $738,249 over the last 90 days. 0.63% of the stock is currently owned by corporate insiders.

PayPal 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.