PFA Pension Forsikringsaktieselskab Invests $51.68 Million in PayPal Holdings, Inc. $PYPL

PFA Pension Forsikringsaktieselskab acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 874,450 shares of the credit services provider’s stock, valued at approximately $51,680,000. PFA Pension Forsikringsaktieselskab owned 0.09% of PayPal at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PYPL. Vanguard Group Inc. boosted its position in shares of PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after buying an additional 5,534,462 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of PayPal by 35.9% during the third quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock worth $548,520,000 after buying an additional 2,160,227 shares during the period. Two Sigma Investments LP acquired a new position in shares of PayPal during the third quarter worth about $97,794,000. Invesco Ltd. boosted its position in shares of PayPal by 10.9% during the third quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock worth $746,508,000 after buying an additional 1,093,365 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of PayPal by 245.6% during the fourth quarter. SG Americas Securities LLC now owns 1,091,482 shares of the credit services provider’s stock worth $63,721,000 after buying an additional 775,647 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PYPL. TD Cowen reissued a “hold” rating on shares of PayPal in a research report on Tuesday, February 3rd. Mizuho reissued a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of PayPal in a research report on Thursday, April 16th. Cantor Fitzgerald reissued a “neutral” rating and set a $54.00 price target on shares of PayPal in a research report on Tuesday, April 21st. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Tuesday, February 3rd. Finally, Monness Crespi & Hardt cut PayPal from a “buy” rating to a “neutral” rating in a research report on Monday, January 5th. Seven equities research analysts have rated the stock with a Buy rating, thirty-three have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of “Hold” and a consensus target price of $56.55.

Read Our Latest Stock Analysis on PYPL

PayPal Stock Performance

PYPL opened at $50.44 on Friday. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50. The stock has a market cap of $45.38 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 1.45 and a beta of 1.39. The business has a 50 day moving average of $46.63 and a 200-day moving average of $54.53. 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 released its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The business had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the business earned $1.19 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.31 earnings per share for the current year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, March 4th. PayPal’s dividend payout ratio (DPR) is presently 10.35%.

Insider Activity

In other news, insider Suzan Kereere sold 13,515 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $621,960.30. Following the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,425,837.66. This trade represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank Keller sold 10,732 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total value of $536,170.72. Following the transaction, the insider owned 41,567 shares in the company, valued at approximately $2,076,687.32. This trade represents a 20.52% decrease in their position. 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. Insiders sold a total of 99,677 shares of company stock valued at $4,433,834 over the last three months. Insiders own 0.63% of the company’s stock.

More PayPal News

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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

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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