ABN AMRO Bank N.V. Has $619,000 Stock Position in PayPal Holdings, Inc. $PYPL

ABN AMRO Bank N.V. decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 65.6% in the 4th quarter, Holdings Channel reports. The firm owned 10,613 shares of the credit services provider’s stock after selling 20,249 shares during the quarter. ABN AMRO Bank N.V.’s holdings in PayPal were worth $619,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kelleher Financial Advisors bought a new stake in PayPal during the third quarter valued at $30,000. Cloud Capital Management LLC bought a new position in shares of PayPal in the 3rd quarter worth about $30,000. Torren Management LLC acquired a new position in shares of PayPal in the 4th quarter valued at about $31,000. Dagco Inc. lifted its stake in shares of PayPal by 1,250.0% in the 3rd quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 500 shares during the period. Finally, Strategic Advocates LLC bought a new stake in shares of PayPal during the 3rd quarter valued at about $38,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 0.7%

Shares of NASDAQ PYPL opened at $45.07 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50-day moving average price of $46.71 and a 200-day moving average price of $53.65. The stock has a market capitalization of $39.76 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.13 and a beta of 1.39. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The company had revenue of $8.35 billion for the quarter, compared to analyst estimates of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.32 EPS for the current fiscal 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 given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. PayPal’s payout ratio is presently 10.51%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Sanford C. Bernstein reissued a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Wall Street Zen lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. Wells Fargo & Company dropped their target price on shares of PayPal from $67.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Canaccord Genuity Group restated a “hold” rating and issued a $42.00 price target (down from $100.00) on shares of PayPal in a report on Wednesday, February 4th. Finally, Robert W. Baird set a $52.00 price target on shares of PayPal in a research note on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average price target of $56.42.

Get Our Latest Stock Analysis on PYPL

Insider Activity at PayPal

In other PayPal news, insider Suzan Kereere sold 37,613 shares of PayPal stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $41.49, for a total transaction of $1,560,563.37. Following the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at $1,285,484.67. The trade was a 54.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Frank Keller sold 29,581 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the sale, the executive vice president owned 51,567 shares of the company’s stock, valued at approximately $2,373,113.34. The trade was a 36.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 96,199 shares of company stock valued at $4,294,018 over the last 90 days. Insiders own 0.63% of the company’s stock.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

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.

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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)

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