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32,182 Shares in PayPal Holdings, Inc. $PYPL Acquired by First Nebraska Trust Co

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Key Points

  • First Nebraska Trust Co. acquired 32,182 PayPal shares in the third quarter, valued at approximately $1.69 million. Institutional investors collectively own 68.32% of the company’s stock.
  • Analyst sentiment is largely cautious: 31 analysts rate PayPal a Hold, compared with eight Buys and six Sells; the consensus price target is $55.94.
  • PayPal beat quarterly earnings estimates with EPS of $1.45 versus $1.31 expected, but revenue of $8.58 billion fell short of estimates. The company declared a quarterly dividend of $0.14 per share.
  • Interested in PayPal? Here are five stocks we like better.

First Nebraska Trust Co purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,182 shares of the credit services provider's stock, valued at approximately $1,690,000.

Other large investors have also added to or reduced their stakes in the company. Allied Private Wealth LLC bought a new stake in shares of PayPal during the 2nd quarter valued at $25,000. Robinswood Financial LLC purchased a new position in shares of PayPal during the 1st quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of PayPal during the 2nd quarter valued at $27,000. Johnson Financial Group Inc. purchased a new position in shares of PayPal during the 2nd quarter valued at $27,000. Finally, Toth Financial Advisory Corp boosted its holdings in PayPal by 448.3% in the 3rd quarter. Toth Financial Advisory Corp now owns 636 shares of the credit services provider's stock worth $33,000 after buying an additional 520 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of analyst reports. Argus set a $70.00 price target on PayPal in a research note on Wednesday, July 29th. Evercore set a $45.00 price objective on PayPal in a research report on Tuesday, October 27th. JPMorgan Chase & Co. upped their price objective on PayPal from $46.00 to $65.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Truist Financial increased their target price on PayPal from $53.00 to $58.00 and gave the stock a "hold" rating in a research report on Friday, October 23rd. Finally, Robert W. Baird lifted their target price on PayPal from $50.00 to $57.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, thirty-one have assigned a Hold rating and six have given a Sell rating to the company's stock. According to data from MarketBeat.com, PayPal currently has an average rating of "Hold" and a consensus target price of $55.94.

Get Our Latest Report on PYPL

Insider Transactions at PayPal

In other news, CAO Chris Natali sold 552 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $54.80, for a total value of $30,249.60. Following the sale, the chief accounting officer directly owned 2,400 shares in the company, valued at $131,520. The trade was a 18.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 732 shares of the company's stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $55.37, for a total transaction of $40,530.84. Following the sale, the insider owned 41,567 shares in the company, valued at $2,301,564.79. This represents a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 13,437 shares of company stock worth $768,417 in the last three months. Insiders own 0.63% of the company's stock.

Key PayPal News

Here are the key news stories impacting PayPal this week:

PayPal Trading Down 1.0%

PYPL stock opened at $58.21 on Wednesday. The firm has a fifty day moving average price of $55.24 and a 200 day moving average price of $50.05. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $68.21. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $48.35 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The credit services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.14. The company had revenue of $8.58 billion for the quarter, compared to analysts' expectations of $8.71 billion. PayPal had a net margin of 13.78% and a return on equity of 24.39%. PayPal's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.58 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. PayPal's dividend payout ratio (DPR) is presently 10.69%.

About PayPal

(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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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