Vinva Investment Management Ltd raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 45.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,839 shares of the credit services provider’s stock after purchasing an additional 23,062 shares during the quarter. Vinva Investment Management Ltd’s holdings in PayPal were worth $5,438,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Hilltop National Bank acquired a new position in PayPal in the 2nd quarter valued at approximately $27,000. MUFG Securities EMEA plc boosted its holdings in PayPal by 100.4% in the second quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 87,524 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after buying an additional 138 shares during the period. VSM Wealth Advisory LLC bought a new stake in shares of PayPal during the 2nd quarter valued at about $36,000. Finally, American National Bank & Trust grew its holdings in PayPal by 52.5% in the second quarter. American National Bank & Trust now owns 610 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 210 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.
PayPal Price Performance
Shares of PayPal stock opened at $61.83 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $57.85 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 0.83 and a beta of 1.45. The company has a fifty day moving average of $67.23 and a 200-day moving average of $69.93. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66.
PayPal Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 19th. PayPal’s payout ratio is 11.22%.
Insider Buying and Selling
In other news, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $59.84, for a total transaction of $249,054.08. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at $1,854,022.72. This trade represents a 11.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $68.97, for a total transaction of $264,706.86. Following the completion of the sale, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,171,731.33. This trade represents a 18.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 36,156 shares of company stock valued at $2,432,524. Insiders own 0.08% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Compass Point restated a “sell” rating and issued a $66.00 target price on shares of PayPal in a report on Wednesday, October 29th. TD Cowen raised their target price on PayPal from $75.00 to $80.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Wells Fargo & Company raised PayPal to a “hold” rating in a research report on Wednesday, October 22nd. Canaccord Genuity Group increased their price target on PayPal from $96.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods raised their price objective on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $82.06.
View Our Latest Stock Report on PYPL
PayPal Profile
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
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