Amundi Has $244.98 Million Stock Position in PayPal Holdings, Inc. $PYPL

Amundi cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 58.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,673,391 shares of the credit services provider's stock after selling 8,130,817 shares during the period. Amundi owned about 0.66% of PayPal worth $244,977,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Rule One Partners LLC bought a new stake in shares of PayPal during the fourth quarter worth about $2,043,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in PayPal in the 2nd quarter valued at approximately $97,372,000. S&CO Inc. acquired a new stake in PayPal during the 2nd quarter worth approximately $18,827,000. Swiss National Bank boosted its position in PayPal by 4.9% during the 1st quarter. Swiss National Bank now owns 2,608,600 shares of the credit services provider's stock worth $117,987,000 after buying an additional 121,400 shares during the period. Finally, Easterly Investment Partners LLC grew its holdings in PayPal by 705.2% during the 4th quarter. Easterly Investment Partners LLC now owns 100,651 shares of the credit services provider's stock worth $5,876,000 after acquiring an additional 88,151 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total value of $253,715.52. Following the transaction, the insider owned 30,983 shares in the company, valued at $1,888,723.68. This trade represents a 11.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total value of $77,679.70. Following the transaction, the chief accounting officer directly owned 2,216 shares in the company, valued at approximately $128,749.60. The trade was a 37.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,231 shares of company stock valued at $373,924 over the last ninety days. 0.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PYPL shares. Royal Bank Of Canada raised their price target on shares of PayPal from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Monday, August 31st. Mizuho set a $51.00 target price on PayPal in a research report on Friday, August 28th. Cantor Fitzgerald upped their price target on PayPal from $54.00 to $60.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Telsey Advisory Group downgraded PayPal to a "market perform" rating in a research report on Friday, July 24th. Finally, BNP Paribas Exane raised their price target on shares of PayPal from $43.50 to $52.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, PayPal has a consensus rating of "Hold" and a consensus price target of $56.03.

PayPal Stock Performance

PYPL opened at $54.96 on Tuesday. The company has a fifty day moving average price of $55.26 and a two-hundred day moving average price of $48.75. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.21. The company has a market cap of $47.02 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 1.17 and a beta of 1.28. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The firm had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company's quarterly revenue was up 4.8% on a year-over-year basis. Analysts predict that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. PayPal's payout ratio is 10.59%.

PayPal Profile

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.

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