Mizuho Markets Cayman LP Buys 17,876 Shares of PayPal Holdings, Inc. $PYPL

Mizuho Markets Cayman LP boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,752 shares of the credit services provider’s stock after purchasing an additional 17,876 shares during the period. Mizuho Markets Cayman LP’s holdings in PayPal were worth $6,057,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after purchasing an additional 5,534,462 shares during the last quarter. Capital Research Global Investors lifted its stake in PayPal by 2.3% in the third quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock worth $1,874,637,000 after purchasing an additional 636,441 shares during the last quarter. Invesco Ltd. lifted its stake in PayPal by 10.9% in the third quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock worth $746,508,000 after purchasing an additional 1,093,365 shares during the last quarter. Amundi lifted its stake in PayPal by 1.6% in the third quarter. Amundi now owns 8,493,311 shares of the credit services provider’s stock worth $605,488,000 after purchasing an additional 132,837 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in PayPal by 35.9% in the third quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock worth $548,520,000 after purchasing an additional 2,160,227 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the sale, the insider directly owned 41,567 shares in the company, valued at $2,076,687.32. The trade was a 20.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,373 shares of company stock valued at $2,684,341 over the last quarter. Corporate insiders own 0.63% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $44.23 on Friday. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The company’s 50-day moving average is $46.40 and its 200 day moving average is $52.18. The stock has a market capitalization of $39.02 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.11 and a beta of 1.39.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business had revenue of $8.35 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the previous year, the firm posted $1.33 earnings per share. PayPal’s quarterly revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.3%. PayPal’s payout ratio is presently 10.51%.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

Wall Street Analyst Weigh In

Several research firms have weighed in on PYPL. Citigroup boosted their price target on shares of PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Tuesday, February 3rd. Compass Point raised shares of PayPal from a “sell” rating to a “neutral” rating and set a $51.00 price target for the company in a research note on Wednesday, February 4th. Susquehanna lowered their price target on shares of PayPal from $90.00 to $63.00 and set a “positive” rating for the company in a research note on Wednesday, February 4th. Finally, Rothschild & Co Redburn lowered their price target on shares of PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a research note on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $55.85.

Check Out Our Latest Research Report on PYPL

PayPal 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.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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