Nykredit A S Makes New $11.20 Million Investment in PayPal Holdings, Inc. $PYPL

Key Points

• Nykredit A/S acquired 259,339 PayPal shares in the second quarter, worth approximately $11.2 million. Institutional investors collectively own 68.32% of the company.
• PayPal reported quarterly EPS of $1.38, exceeding the $1.28 consensus estimate, while revenue rose 4.8% year over year to $8.68 billion. The company also announced a quarterly dividend of $0.14 per share.
• Analyst sentiment remains cautious, with an average “Hold” rating and a $56.03 target price; meanwhile, insiders sold 6,231 shares worth approximately $373,924 during the last quarter.

Nykredit A S bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 259,339 shares of the credit services provider's stock, valued at approximately $11,198,000.

Several other institutional investors also recently made changes to their positions in PYPL. Bard Associates Inc. purchased a new position in shares of PayPal in the 4th quarter valued at about $25,000. Allied Private Wealth LLC acquired a new stake in shares of PayPal in the second quarter valued at about $25,000. Robinswood Financial LLC purchased a new stake in PayPal during the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in PayPal by 15,233.3% during the fourth 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 in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in PayPal during the second quarter worth about $27,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Suzan Kereere sold 4,162 shares of the business'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 value of $253,715.52. Following the completion of the transaction, the insider owned 30,983 shares of the company's stock, valued at $1,888,723.68. The trade was a 11.84% decrease in their ownership of the stock. 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, CAO Chris Natali sold 1,337 shares of the company's 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 $77,679.70. Following the transaction, the chief accounting officer directly owned 2,216 shares in the company, valued at $128,749.60. The trade was a 37.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 6,231 shares of company stock worth $373,924. 0.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research analyst reports. TD Cowen increased their target price on shares of PayPal from $48.00 to $59.00 and gave the company a "hold" rating in a report on Wednesday, July 29th. Cantor Fitzgerald upped their price target on PayPal from $54.00 to $60.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Piper Sandler raised their price objective on PayPal from $42.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, August 17th. Weiss Ratings raised PayPal from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 24th. Finally, William Blair reiterated a "market perform" rating on shares of PayPal in a research report on Wednesday, July 15th. Nine research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, PayPal currently has an average rating of "Hold" and an average target price of $56.03.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Renewed takeover speculation, including reports of possible interest from Stripe and discussion of a potential bid near $50 billion, has provided support by raising the possibility of a premium transaction. The reports remain unconfirmed. PayPal Stock Jumps on Fresh Takeover Speculation
• Positive Sentiment: PayPal’s buy-now-pay-later, credit and debit products are expanding its financial-services offering and could increase customer engagement, transaction volume and revenue growth. PayPal’s BNPL and Credit Growth
• Neutral Sentiment: The company is approaching an ex-dividend date, while its low earnings valuation may attract value-oriented investors. However, valuation support has not fully offset concerns about growth and execution. PayPal stock gains ahead of ex-dividend date
• Negative Sentiment: PayPal reportedly paused the proposed sale of its venture-capital portfolio after potential buyers offered substantially less than expected. The decision reduces near-term proceeds from a noncore-asset sale and suggests difficult market conditions for the portfolio. PayPal pauses venture portfolio sale
• Negative Sentiment: PayPal is eliminating 251 positions at its San Jose headquarters and has also cut jobs in India and Ireland as part of its multiyear restructuring. While the reductions could lower costs over time, the repeated layoffs highlight ongoing operational pressure and uncertainty about the turnaround. PayPal adds another round of layoffs

PayPal Trading Down 3.3%

Shares of PYPL opened at $54.96 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $55.05 and a 200-day simple moving average of $48.59. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.21. The stock has a market cap of $47.02 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 1.17 and a beta of 1.28.

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

PayPal Dividend Announcement

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

About PayPal

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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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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