Hsbc Holdings PLC Boosts Holdings in PayPal Holdings, Inc. $PYPL

Hsbc Holdings PLC lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 44.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,958,644 shares of the credit services provider’s stock after purchasing an additional 908,686 shares during the period. Hsbc Holdings PLC’s holdings in PayPal were worth $172,943,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Bard Associates Inc. acquired a new stake in PayPal during the 4th quarter worth approximately $25,000. Kelleher Financial Advisors acquired a new position in shares of PayPal in the third quarter worth $30,000. Caitong International Asset Management Co. Ltd grew its stake in shares of PayPal by 15,233.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of PayPal during the fourth quarter worth $28,000. Finally, Advocate Investing Services LLC purchased a new stake in shares of PayPal during the fourth quarter worth $30,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In related news, insider Frank Keller sold 10,732 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total value of $536,170.72. Following the completion of the transaction, the insider directly owned 41,567 shares of the company’s stock, valued at $2,076,687.32. This represents a 20.52% decrease in their ownership of the stock. 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, 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 value of $66,128.02. Following the completion of the transaction, the chief accounting officer directly owned 1,586 shares of the company’s stock, valued at $78,443.56. This trade represents a 45.74% 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. In the last ninety days, insiders sold 20,612 shares of company stock valued at $966,623. 0.63% of the stock is currently owned by corporate insiders.

PayPal Price Performance

Shares of PYPL opened at $42.51 on Friday. The firm has a market capitalization of $37.50 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.06 and a beta of 1.34. The firm’s fifty day simple moving average is $45.58 and its 200-day simple moving average is $49.27. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47.

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

PayPal Dividend Announcement

The firm also recently declared 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 payout ratio is 10.51%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PYPL. Zacks Research upgraded PayPal from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Loop Capital initiated coverage on PayPal in a research note on Tuesday, March 31st. They set a “hold” rating and a $46.00 target price for the company. BMO Capital Markets initiated coverage on PayPal in a report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 price target on the stock. KGI Securities reaffirmed a “hold” rating and issued a $55.00 price target on shares of PayPal in a research report on Monday, March 2nd. Finally, The Goldman Sachs Group decreased their price objective on PayPal from $41.00 to $40.00 in a research note on Wednesday, May 6th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.85.

View Our Latest Research Report on PYPL

PayPal Company 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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