Universal Beteiligungs und Servicegesellschaft mbH Has $90.69 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

by · The Cerbat Gem

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,543,640 shares of the credit services provider’s stock after selling 10,563 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.16% of PayPal worth $90,686,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PYPL. National Pension Service lifted its position in shares of PayPal by 1.8% in the 3rd quarter. National Pension Service now owns 2,855,897 shares of the credit services provider’s stock worth $191,516,000 after purchasing an additional 51,268 shares during the period. Merit Financial Group LLC lifted its position in shares of PayPal by 15.5% in the 3rd quarter. Merit Financial Group LLC now owns 164,901 shares of the credit services provider’s stock worth $11,058,000 after purchasing an additional 22,139 shares during the period. Nordea Investment Management AB lifted its position in shares of PayPal by 7.9% in the 3rd quarter. Nordea Investment Management AB now owns 4,292,583 shares of the credit services provider’s stock worth $291,338,000 after purchasing an additional 313,180 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of PayPal in the 3rd quarter worth approximately $13,210,000. Finally, Ariose Capital Management Ltd lifted its position in shares of PayPal by 347.0% in the 3rd quarter. Ariose Capital Management Ltd now owns 193,100 shares of the credit services provider’s stock worth $12,949,000 after purchasing an additional 149,898 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PYPL. Evercore dropped their price target on shares of PayPal from $65.00 to $40.00 and set an “in-line” rating on the stock in a research report on Tuesday, February 3rd. Compass Point upgraded shares of PayPal from a “sell” rating to a “neutral” rating and set a $51.00 target price on the stock in a research report on Wednesday, February 4th. JPMorgan Chase & Co. dropped their target price on shares of PayPal from $70.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. TD Cowen reiterated a “hold” rating on shares of PayPal in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PayPal in a research report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating, thirty-three have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, PayPal presently has a consensus rating of “Hold” and an average price target of $56.39.

Get Our Latest Stock Report on PYPL

Key PayPal News

Here are the key news stories impacting PayPal this week:

PayPal Stock Down 1.1%

PayPal stock opened at $50.88 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50. The firm’s fifty day moving average is $45.27 and its 200 day moving average is $55.51. The company has a market capitalization of $45.78 billion, a PE ratio of 9.40, a PEG ratio of 1.54 and a beta of 1.40.

PayPal (NASDAQ:PYPL – Get Free Report) last released its earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.82 billion. PayPal had a net margin of 15.77% and a return on equity of 25.42%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.19 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.32 EPS for the current fiscal year.

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, March 4th. PayPal’s payout ratio is 10.35%.

Insider Buying and Selling at PayPal

In other PayPal news, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total transaction of $98,763.84. Following the completion of the sale, the chief accounting officer owned 1,140 shares in the company, valued at approximately $50,992.20. The trade was a 65.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 13,515 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total transaction of $621,960.30. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at $1,425,837.66. This trade represents a 30.37% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 87,608 shares of company stock worth $3,831,535. 0.63% of the stock is owned by corporate insiders.

PayPal Company Profile

(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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