UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 128,426 Shares of PayPal Holdings, Inc. $PYPL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.0% in the second quarter, Holdings Channel reports. The institutional investor owned 6,593,196 shares of the credit services provider’s stock after buying an additional 128,426 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in PayPal were worth $284,694,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. New Mexico Educational Retirement Board grew its position in PayPal by 5.5% during the second quarter. New Mexico Educational Retirement Board now owns 45,898 shares of the credit services provider’s stock worth $1,982,000 after buying an additional 2,400 shares in the last quarter. Mufg Securities Americas Inc. raised its holdings in PayPal by 4.3% in the 2nd quarter. Mufg Securities Americas Inc. now owns 26,568 shares of the credit services provider’s stock valued at $1,147,000 after acquiring an additional 1,093 shares in the last quarter. Nissay Asset Management Corp Japan raised its holdings in PayPal by 2.2% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 258,278 shares of the credit services provider’s stock valued at $11,152,000 after acquiring an additional 5,473 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of PayPal by 10.2% during the 2nd quarter. Wellington Management Group LLP now owns 88,379 shares of the credit services provider’s stock valued at $3,816,000 after acquiring an additional 8,154 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in shares of PayPal during the 2nd quarter valued at $649,000. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, July 28th. Barclays upped their price objective on shares of PayPal from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. TD Cowen increased their price objective on shares of PayPal from $48.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of PayPal from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of PayPal from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.03.

PayPal Trading Down 1.8%

Shares of PYPL opened at $52.67 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.21. The firm has a market cap of $45.06 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 1.31 and a beta of 1.29. The business’s fifty day moving average is $54.09 and its 200-day moving average is $48.24.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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%.PayPal’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 1.1%. PayPal’s payout ratio is presently 10.59%.

Insider Transactions at PayPal

In related news, insider Frank Keller sold 4,612 shares of PayPal stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total transaction of $196,194.48. Following the sale, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $1,768,260.18. The trade was a 9.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total transaction of $253,715.52. Following the transaction, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,888,723.68. This represents a 11.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 14,774 shares of company stock valued at $738,249. 0.63% of the stock is currently owned by insiders.

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.