First Nebraska Trust Co Buys 32,182 Shares of PayPal Holdings, Inc. $PYPL

First Nebraska Trust Co purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 32,182 shares of the credit services provider’s stock, valued at approximately $1,690,000.

A number of other large investors have also recently made changes to their positions in the company. ACT Wealth Management LLC raised its position in PayPal by 1.2% in the 3rd quarter. ACT Wealth Management LLC now owns 17,783 shares of the credit services provider’s stock worth $934,000 after purchasing an additional 215 shares during the period. Jackson Thornton Wealth Management LLC lifted its stake in PayPal by 3.5% in the first quarter. Jackson Thornton Wealth Management LLC now owns 7,110 shares of the credit services provider’s stock worth $322,000 after purchasing an additional 238 shares during the last quarter. Earned Wealth Advisors LLC lifted its stake in PayPal by 2.0% in the first quarter. Earned Wealth Advisors LLC now owns 12,608 shares of the credit services provider’s stock worth $570,000 after purchasing an additional 248 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in PayPal by 3.7% in the first quarter. Koshinski Asset Management Inc. now owns 7,629 shares of the credit services provider’s stock worth $345,000 after purchasing an additional 275 shares during the last quarter. Finally, Greenleaf Trust boosted its position in shares of PayPal by 1.4% during the third quarter. Greenleaf Trust now owns 20,714 shares of the credit services provider’s stock valued at $1,088,000 after buying an additional 289 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 1.0%

Shares of NASDAQ:PYPL opened at $58.21 on Wednesday. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $68.21. The business’s fifty day simple moving average is $55.24 and its 200-day simple moving average is $50.05. The company has a market capitalization of $48.35 billion, a PE ratio of 11.11, a P/E/G ratio of 1.24 and a beta of 1.33. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The credit services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.31 by $0.14. The firm had revenue of $8.58 billion during the quarter, compared to analyst estimates of $8.71 billion. PayPal had a net margin of 13.78% and a return on equity of 24.39%. PayPal’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 5.58 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, December 24th. Shareholders of record on Friday, December 4th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. PayPal’s dividend payout ratio (DPR) is currently 10.69%.

Insiders Place Their Bets

In related news, CAO Chris Natali sold 552 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $54.80, for a total value of $30,249.60. Following the completion of the transaction, the chief accounting officer directly owned 2,400 shares of the company’s stock, valued at $131,520. This trade represents a 18.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $55.72, for a total transaction of $188,277.88. Following the completion of the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at $1,726,372.76. The trade was a 9.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 13,437 shares of company stock valued at $768,417. 0.63% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PYPL has been the topic of several recent analyst reports. Truist Financial increased their price target on PayPal from $53.00 to $58.00 and gave the stock a “hold” rating in a report on Friday, October 23rd. Clear Str raised PayPal to a “hold” rating in a research report on Thursday, July 16th. Mizuho set a $51.00 price objective on PayPal in a research report on Friday, August 28th. Loop Capital reduced their target price on PayPal from $62.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, August 28th. Finally, Susquehanna lifted their target price on PayPal from $63.00 to $67.00 and gave the stock a “positive” rating in a research report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, thirty-one have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $55.94.

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PayPal Company Profile

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and businesses to send, receive, and manage money online and through mobile devices. Its services support online checkout, peer-to-peer payments, money transfers, payment processing, invoicing, and other commerce-related transactions.

The company’s portfolio includes the PayPal and Venmo brands, Braintree’s payment processing technology, and Xoom’s international money transfer service. PayPal also offers merchant tools, digital wallets, payment solutions, and consumer financing products through its platform and related services.

PayPal traces its origins to 1998 and became an independent publicly traded company after separating from eBay in 2015.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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