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

Mizuho Markets Cayman LP lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 20.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 103,752 shares of the credit services provider’s stock after buying an additional 17,876 shares during the period. Mizuho Markets Cayman LP’s holdings in PayPal were worth $6,057,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Maia Wealth LLC lifted its stake in shares of PayPal by 2.5% in the third quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after buying an additional 155 shares in the last quarter. Transatlantique Private Wealth LLC lifted its stake in shares of PayPal by 2.9% in the third quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock worth $382,000 after buying an additional 159 shares in the last quarter. Martin & Co. Inc. TN lifted its stake in shares of PayPal by 0.3% in the third quarter. Martin & Co. Inc. TN now owns 56,934 shares of the credit services provider’s stock worth $3,818,000 after buying an additional 175 shares in the last quarter. RWA Wealth Partners LLC lifted its stake in shares of PayPal by 0.7% in the third quarter. RWA Wealth Partners LLC now owns 25,043 shares of the credit services provider’s stock worth $1,679,000 after buying an additional 184 shares in the last quarter. Finally, GeoWealth Management LLC lifted its stake in shares of PayPal by 6.2% in the third quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock worth $216,000 after buying an additional 188 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the completion of the sale, the chief accounting officer directly owned 1,586 shares of the company’s stock, valued at approximately $78,443.56. This represents a 45.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were 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 of the company’s stock, valued at approximately $2,076,687.32. This represents a 20.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 57,373 shares of company stock valued at $2,684,341. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PYPL shares. 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 note on Wednesday, February 4th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 3rd. Evercore dropped their target price on shares of PayPal from $65.00 to $40.00 and set an “in-line” rating on the stock in a research note on Tuesday, February 3rd. Rothschild & Co Redburn decreased their price objective on shares of PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a report on Wednesday, February 11th. Finally, Wolfe Research reissued a “sell” rating on shares of PayPal in a report on Monday, February 23rd. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.85.

Get Our Latest Stock Analysis on PYPL

PayPal Stock Down 0.2%

PYPL opened at $44.23 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $46.40 and a 200-day moving average price of $52.18. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The stock has a market capitalization of $39.02 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.11 and a beta of 1.39.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating 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 firm had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Announces Dividend

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

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

About PayPal

(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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