Swiss Life Asset Management Ltd Has $21.79 Million Position in PayPal Holdings, Inc. $PYPL

Swiss Life Asset Management Ltd increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 65.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 373,314 shares of the credit services provider’s stock after purchasing an additional 148,116 shares during the period. Swiss Life Asset Management Ltd’s holdings in PayPal were worth $21,794,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Kelleher Financial Advisors acquired a new stake in PayPal during the 3rd quarter worth approximately $30,000. Cloud Capital Management LLC acquired a new stake in PayPal during the 3rd quarter worth approximately $30,000. Torren Management LLC acquired a new stake in PayPal during the 4th quarter worth approximately $31,000. Dagco Inc. lifted its holdings in PayPal by 1,250.0% during the 3rd quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 500 shares during the last quarter. Finally, Strategic Advocates LLC acquired a new stake in PayPal during the 3rd quarter worth approximately $38,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Chris Natali sold 2,208 shares of PayPal stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the transaction, the chief accounting officer owned 1,140 shares in the company, valued at approximately $50,992.20. This trade represents a 65.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,560,563.37. Following the completion of the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,285,484.67. The trade was a 54.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 96,199 shares of company stock worth $4,294,018. Insiders own 0.63% of the company’s stock.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

PayPal Price Performance

Shares of NASDAQ PYPL opened at $45.07 on Tuesday. The stock has a market capitalization of $39.76 billion, a PE ratio of 8.46, a P/E/G ratio of 1.13 and a beta of 1.39. 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 business has a fifty day moving average price of $46.71 and a two-hundred day moving average price of $53.65. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The firm had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same period in the previous year, the firm earned $1.33 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.32 earnings per share for the current fiscal year.

PayPal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a $0.14 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. PayPal’s dividend payout ratio (DPR) is presently 10.51%.

Analyst Ratings Changes

Several analysts recently weighed in on PYPL shares. BMO Capital Markets started coverage on PayPal in a report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 price target for the company. Rothschild & Co Redburn dropped their price target on PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a report on Wednesday, February 11th. TD Cowen reissued a “hold” rating on shares of PayPal in a report on Tuesday, February 3rd. HSBC cut PayPal from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a report on Wednesday, February 4th. Finally, Dbs Bank raised PayPal to a “hold” rating in a report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.42.

Check Out Our Latest Research Report on PayPal

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

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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