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

Securian Asset Management Inc. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 44.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,442 shares of the credit services provider’s stock after selling 20,696 shares during the period. Securian Asset Management Inc.’s holdings in PayPal were worth $1,485,000 as of its most recent SEC filing.

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

Insider Buying and Selling at PayPal

In other PayPal news, CAO Chris Natali sold 2,208 shares of PayPal stock in a transaction dated 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 sale, the chief accounting officer owned 1,140 shares in the company, valued at $50,992.20. The trade was a 65.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzan Kereere sold 37,613 shares of PayPal stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $41.49, for a total transaction of $1,560,563.37. Following the completion of the sale, the insider owned 30,983 shares of the company’s stock, valued at $1,285,484.67. This trade represents a 54.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 96,199 shares of company stock worth $4,294,018 over the last ninety days. Insiders own 0.63% of the company’s stock.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

PayPal Price Performance

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

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $8.05 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts expect that PayPal Holdings, Inc. will post 5.32 earnings per share for the current year.

PayPal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, June 4th. PayPal’s payout ratio is currently 10.51%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PYPL shares. Truist Financial boosted their target price on shares of PayPal from $39.00 to $45.00 and gave the stock a “sell” rating in a report on Friday, April 24th. Loop Capital started coverage on shares of PayPal in a report on Tuesday, March 31st. They set a “hold” rating and a $46.00 target price on the stock. Susquehanna lowered their target price on shares of PayPal from $90.00 to $63.00 and set a “positive” rating on the stock in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a report on Friday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. Eight research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.42.

Check Out Our Latest Report on PYPL

PayPal Company 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

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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