Flossbach Von Storch AG lowered its position in Paypal Holdings Inc (NASDAQ:PYPL) by 30.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,416,150 shares of the credit services provider’s stock after selling 605,595 shares during the quarter. Paypal makes up approximately 0.9% of Flossbach Von Storch AG’s holdings, making the stock its 25th biggest position. Flossbach Von Storch AG owned about 0.12% of Paypal worth $135,582,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Achmea Investment Management B.V. boosted its stake in shares of Paypal by 12.0% during the 4th quarter. Achmea Investment Management B.V. now owns 84,671 shares of the credit services provider’s stock worth $9,157,000 after acquiring an additional 9,104 shares in the last quarter. Brighton Jones LLC raised its holdings in Paypal by 3.5% in the 4th quarter. Brighton Jones LLC now owns 5,341 shares of the credit services provider’s stock valued at $578,000 after acquiring an additional 181 shares in the last quarter. Banco Santander S.A. raised its holdings in Paypal by 134.4% in the 4th quarter. Banco Santander S.A. now owns 115,127 shares of the credit services provider’s stock valued at $12,453,000 after acquiring an additional 66,014 shares in the last quarter. Watchman Group Inc. acquired a new position in Paypal in the 4th quarter valued at approximately $3,002,000. Finally, IndexIQ Advisors LLC acquired a new position in shares of Paypal in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 83.00% of the company’s stock.
In other Paypal news, EVP Adele Louise Pentland sold 92,700 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $107.63, for a total value of $9,977,301.00. Following the completion of the sale, the executive vice president now owns 174,201 shares in the company, valued at approximately $18,749,253.63. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $144.15, for a total transaction of $3,603,750.00. Following the completion of the sale, the chief executive officer now owns 569,603 shares of the company’s stock, valued at approximately $82,108,272.45. The disclosure for this sale can be found here. Insiders sold a total of 255,625 shares of company stock worth $28,513,730 in the last 90 days. 0.12% of the stock is currently owned by company insiders.
Paypal stock traded up $2.64 during midday trading on Friday, reaching $150.86. 5,620,322 shares of the company’s stock were exchanged, compared to its average volume of 10,391,105. Paypal Holdings Inc has a 52 week low of $82.07 and a 52 week high of $151.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $174.01 billion, a price-to-earnings ratio of 95.48, a P/E/G ratio of 3.37 and a beta of 1.11. The stock’s 50-day simple moving average is $120.99 and its 200 day simple moving average is $111.79.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The company had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.72 billion. Paypal had a return on equity of 16.06% and a net margin of 10.27%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. Research analysts forecast that Paypal Holdings Inc will post 2.4 earnings per share for the current year.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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