Generali Investments CEE investicni spolecnost a.s. Raises Holdings in PayPal Holdings, Inc. $PYPL

Generali Investments CEE investicni spolecnost a.s. boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 26.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,100 shares of the credit services provider’s stock after purchasing an additional 17,577 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in PayPal were worth $4,968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in shares of PayPal in the third quarter valued at about $30,000. Kelleher Financial Advisors acquired a new position in PayPal during the third quarter worth about $30,000. True Wealth Design LLC grew its stake in PayPal by 285.3% during the 3rd quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock valued at $35,000 after acquiring an additional 388 shares in the last quarter. Dagco Inc. grew its stake in PayPal by 1,250.0% during the 3rd quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 500 shares in the last quarter. Finally, Total Investment Management Inc. acquired a new stake in PayPal in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Key PayPal News

Here are the key news stories impacting PayPal this week:

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PayPal from $75.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. BNP Paribas Exane cut their price target on PayPal from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Tuesday, December 2nd. JPMorgan Chase & Co. reduced their price objective on PayPal from $70.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Royal Bank Of Canada lowered their price objective on PayPal from $91.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Finally, Truist Financial dropped their target price on PayPal from $58.00 to $39.00 and set a “sell” rating for the company in a report on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating, thirty have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, PayPal currently has an average rating of “Hold” and a consensus target price of $58.43.

Get Our Latest Analysis on PayPal

PayPal Stock Down 3.6%

NASDAQ:PYPL opened at $43.59 on Friday. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50. The stock’s fifty day moving average is $46.29 and its two-hundred day moving average is $58.11. The stock has a market capitalization of $40.13 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The firm had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.82 billion. PayPal had a net margin of 15.77% and a return on equity of 25.42%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 4th. PayPal’s payout ratio is currently 10.35%.

Insider Buying and Selling at PayPal

In other news, CAO Chris Natali sold 2,208 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the transaction, the chief accounting officer owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. This trade represents a 65.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Frank Keller sold 29,581 shares of PayPal stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the transaction, the executive vice president owned 51,567 shares of the company’s stock, valued at $2,373,113.34. This trade represents a 36.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,608 shares of company stock valued at $3,831,535 in the last three months. 0.08% of the stock is owned by corporate insiders.

About PayPal

(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.

See Also

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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