BI Asset Management Fondsmaeglerselskab A S lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 302,072 shares of the credit services provider's stock after selling 65,218 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in PayPal were worth $17,635,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in PayPal by 6.5% in 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 in the last quarter. Capital Research Global Investors increased its position in PayPal by 2.3% in the third quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider's stock worth $1,874,637,000 after buying an additional 636,441 shares in the last quarter. Norges Bank purchased a new stake in shares of PayPal during the fourth quarter worth about $949,758,000. Invesco Ltd. grew 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 purchasing an additional 1,093,365 shares in the last quarter. Finally, Amundi grew its position in shares of PayPal by 1.6% during the third quarter. Amundi now owns 8,493,311 shares of the credit services provider's stock worth $605,488,000 after purchasing an additional 132,837 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.
Insiders Place Their Bets
In other PayPal news, CAO Chris Natali sold 1,337 shares of the firm's stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total transaction of $66,128.02. Following the transaction, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. This trade represents a 45.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of PayPal stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total value of $536,170.72. Following the sale, the insider directly owned 41,567 shares of the company's stock, valued at approximately $2,076,687.32. This trade represents a 20.52% decrease in their ownership of the stock. 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 have sold 20,612 shares of company stock worth $966,623 in the last ninety days. 0.63% of the stock is owned by company insiders.
More PayPal News
Here are the key news stories impacting PayPal this week:
Wall Street Analyst Weigh In
Several research firms recently issued reports on PYPL. KGI Securities reiterated a "hold" rating and set a $55.00 target price on shares of PayPal in a research report on Monday, March 2nd. Cantor Fitzgerald increased their price target on PayPal from $42.00 to $54.00 and gave the company a "neutral" rating in a research note on Tuesday, May 5th. Royal Bank Of Canada reissued an "outperform" rating and set a $59.00 price target on shares of PayPal in a research note on Wednesday, May 6th. Weiss Ratings reissued a "hold (c-)" rating on shares of PayPal in a research note on Friday, May 8th. Finally, Mizuho reissued a "neutral" rating and set a $50.00 price target (down from $60.00) on shares of PayPal in a research note on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, PayPal presently has a consensus rating of "Hold" and an average price target of $55.85.
View Our Latest Stock Report on PYPL
PayPal Price Performance
NASDAQ:PYPL opened at $41.29 on Friday. The firm has a market capitalization of $36.42 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 1.03 and a beta of 1.34. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50. The business has a 50 day simple moving average of $46.20 and a 200-day simple moving average of $50.59. 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:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The firm had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same period last year, the company earned $1.33 EPS. PayPal's quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts forecast that PayPal Holdings, Inc. will post 5.3 EPS for the current year.
PayPal Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal's dividend payout ratio (DPR) is currently 10.51%.
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.
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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:PYPL - Free Report).

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