EFG International AG Takes Position in PayPal Holdings, Inc. $PYPL

Key Points

• EFG International AG acquired 32,100 PayPal shares during the second quarter, valued at approximately $1.386 million. Institutional investors collectively own 68.32% of PayPal.
• PayPal exceeded quarterly expectations, reporting $1.38 in adjusted earnings per share versus a $1.28 consensus estimate and $8.68 billion in revenue, up 4.8% year over year.
• Analysts maintain a largely cautious outlook, with a consensus “Hold” rating and an average price target of $56.28. PayPal also announced a quarterly dividend of $0.14 per share, representing a 0.9% annualized yield.

EFG International AG bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,100 shares of the credit services provider's stock, valued at approximately $1,386,000.

Several other large investors also recently bought and sold shares of the business. Bard Associates Inc. purchased a new stake in PayPal during the fourth quarter valued at $25,000. Allied Private Wealth LLC purchased a new position in shares of PayPal in the 2nd quarter worth $25,000. Robinswood Financial LLC bought a new stake in shares of PayPal in the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of PayPal by 15,233.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider's stock worth $27,000 after buying an additional 457 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of PayPal during the 2nd quarter valued at about $27,000. Institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of PayPal stock opened at $61.81 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.55. The stock's fifty day moving average is $53.28 and its two-hundred day moving average is $47.92. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.21. The company has a market capitalization of $52.88 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.52 and a beta of 1.30.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. As a group, analysts expect that PayPal Holdings, Inc. will post 5.38 earnings per share for the current year.

PayPal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued 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 0.9%. PayPal's dividend payout ratio (DPR) is presently 10.59%.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of analyst reports. William Blair reaffirmed a "market perform" rating on shares of PayPal in a report on Wednesday, July 15th. Mizuho boosted their price objective on PayPal from $50.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Robert W. Baird upped their price objective on PayPal from $50.00 to $57.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $55.00 price objective on shares of PayPal in a research note on Wednesday, July 29th. Finally, Telsey Advisory Group cut PayPal to a "market perform" rating in a report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $56.28.

Insider Buying and Selling 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 shares were sold at an average price of $60.96, for a total transaction of $253,715.52. Following the transaction, the insider directly owned 30,983 shares of the company's stock, valued at approximately $1,888,723.68. This trade represents a 11.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 732 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 transaction of $42,529.20. Following the sale, the insider directly owned 41,567 shares of the company's stock, valued at $2,415,042.70. This represents a 1.73% 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 14,774 shares of company stock valued at $738,249 in the last three months. Company insiders own 0.63% of the company's stock.

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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