Securian Asset Management Inc. Has $1.49 Million Holdings in PayPal Holdings, Inc. $PYPL

Securian Asset Management Inc. lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 44.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,442 shares of the credit services provider’s stock after selling 20,696 shares during the quarter. Securian Asset Management Inc.’s holdings in PayPal were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PYPL. Brighton Jones LLC increased its position in PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after acquiring an additional 924 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of PayPal during the 4th quarter worth approximately $248,000. Sivia Capital Partners LLC grew its position in shares of PayPal by 41.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after buying an additional 1,310 shares during the period. United Bank grew its position in shares of PayPal by 40.1% during the 2nd quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after buying an additional 4,974 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of PayPal by 17.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock worth $1,405,000 after buying an additional 2,865 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

PayPal Stock Performance

Shares of PYPL opened at $45.07 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The firm’s 50 day moving average price is $46.71 and its two-hundred day moving average price is $53.65. The firm has a market cap of $39.76 billion, a P/E ratio of 8.46, a PEG ratio of 1.13 and a beta of 1.39.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on PYPL shares. Wells Fargo & Company lowered their price target on shares of PayPal from $67.00 to $48.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. Citizens Jmp reiterated a “market perform” rating on shares of PayPal in a research report on Wednesday, February 4th. BNP Paribas Exane lifted their price target on shares of PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Truist Financial lifted their price target on shares of PayPal from $39.00 to $45.00 and gave the stock a “sell” rating in a research report on Friday, April 24th. Finally, Susquehanna lowered their price target on shares of PayPal from $90.00 to $63.00 and set a “positive” rating for the company in a research report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, PayPal has a consensus rating of “Hold” and an average price target of $56.42.

Get Our Latest Stock Report on PayPal

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 13,515 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $621,960.30. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at $1,425,837.66. The trade was a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total transaction of $66,128.02. Following the completion of the sale, the chief accounting officer directly owned 1,586 shares in the company, valued at approximately $78,443.56. This represents a 45.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 96,199 shares of company stock valued at $4,294,018 over the last 90 days. 0.63% of the stock is owned by corporate 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.

Further Reading

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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