Achmea Investment Management B.V. Raises Position in PayPal Holdings, Inc. $PYPL

Achmea Investment Management B.V. boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 127.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 474,631 shares of the credit services provider’s stock after purchasing an additional 266,359 shares during the period. Achmea Investment Management B.V. owned approximately 0.05% of PayPal worth $31,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PYPL. Norges Bank purchased a new stake in PayPal in the second quarter worth about $921,570,000. Dimensional Fund Advisors LP increased its position in shares of PayPal by 35.9% during the third quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock valued at $548,520,000 after acquiring an additional 2,160,227 shares in the last quarter. Lazard Asset Management LLC raised its holdings in PayPal by 1,066.0% in the 2nd quarter. Lazard Asset Management LLC now owns 2,106,215 shares of the credit services provider’s stock worth $156,532,000 after acquiring an additional 1,925,583 shares during the last quarter. Two Sigma Investments LP bought a new position in PayPal in the 3rd quarter valued at approximately $97,794,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in PayPal by 45.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,569,023 shares of the credit services provider’s stock valued at $265,250,000 after acquiring an additional 1,107,202 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

More PayPal News

Here are the key news stories impacting PayPal this week:

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 37,613 shares of PayPal stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $41.49, for a total value of $1,560,563.37. Following the completion of the transaction, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,285,484.67. The trade was a 54.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Frank Keller sold 29,581 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $1,361,317.62. Following the completion of the sale, the executive vice president directly owned 51,567 shares in the company, valued at approximately $2,373,113.34. The trade was a 36.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 87,608 shares of company stock valued at $3,831,535. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Jefferies Financial Group reissued a “hold” rating on shares of PayPal in a research report on Wednesday, January 7th. Monness Crespi & Hardt cut shares of PayPal from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Mizuho set a $60.00 price target on shares of PayPal in a research report on Wednesday, February 4th. Rothschild & Co Redburn lowered their target price on PayPal from $50.00 to $32.00 and set a “sell” rating on the stock in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group cut their price target on PayPal from $64.00 to $41.00 and set a “sell” rating for the company in a report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, thirty-one have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.03.

Check Out Our Latest Stock Report on PYPL

PayPal Stock Performance

NASDAQ PYPL opened at $46.13 on Wednesday. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $42.47 billion, a P/E ratio of 8.53, a PEG ratio of 1.35 and a beta of 1.43. The stock has a 50-day simple moving average of $48.36 and a two-hundred day simple moving average of $59.33.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.06). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The company had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the prior year, the business posted $1.19 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, March 4th. PayPal’s payout ratio is currently 10.35%.

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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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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