Osmosis Investment Management UK Ltd Acquires New Holdings in PayPal Holdings, Inc. $PYPL

Osmosis Investment Management UK Ltd acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 35,653 shares of the credit services provider’s stock, valued at approximately $1,539,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Vanguard Group Inc. boosted its holdings in shares of PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after acquiring an additional 5,534,462 shares in the last quarter. Rule One Partners LLC acquired a new position in shares of PayPal during the fourth quarter valued at approximately $2,043,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in PayPal during the second quarter worth approximately $97,372,000. S&CO Inc. bought a new stake in PayPal during the second quarter worth approximately $18,827,000. Finally, Swiss National Bank lifted its position in PayPal by 4.9% in the first quarter. Swiss National Bank now owns 2,608,600 shares of the credit services provider’s stock worth $117,987,000 after purchasing an additional 121,400 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $61.68 on Tuesday. The company’s fifty day moving average is $52.51 and its two-hundred day moving average is $47.62. The company has a market cap of $52.76 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.29. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.21. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.55.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The business had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter last year, the firm posted $1.40 earnings per share. PayPal’s revenue was up 4.8% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. PayPal’s dividend payout ratio (DPR) is presently 10.59%.

Insider Buying and Selling at PayPal

In related news, insider Frank Keller sold 4,612 shares of the firm’s 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 completion of the sale, the insider directly owned 41,567 shares in the company, valued at approximately $1,768,260.18. This trade represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 shares were sold at an average price of $60.96, for a total transaction of $253,715.52. Following the completion of the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,888,723.68. This represents a 11.84% 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 a total of 14,774 shares of company stock valued at $738,249 in the last 90 days. 0.63% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on PYPL. Morgan Stanley set a $45.00 price target on PayPal in a research note on Wednesday, July 29th. Telsey Advisory Group downgraded PayPal to a “market perform” rating in a research note on Friday, July 24th. TD Cowen upped their price objective on PayPal from $48.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Piper Sandler raised their target price on PayPal from $42.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 17th. Finally, Argus set a $70.00 target price on PayPal in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Hold” and an average price target of $56.28.

PayPal Profile

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.