Mizuho Markets Cayman LP Grows Stock Position in PayPal Holdings, Inc. $PYPL

Mizuho Markets Cayman LP raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 564.2% in the 1st quarter, Holdings Channel reports. The fund owned 689,159 shares of the credit services provider’s stock after purchasing an additional 585,407 shares during the period. PayPal accounts for 1.7% of Mizuho Markets Cayman LP’s holdings, making the stock its 14th biggest holding. Mizuho Markets Cayman LP’s holdings in PayPal were worth $31,171,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Maia Wealth LLC grew its holdings in PayPal by 2.5% during the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock valued at $424,000 after purchasing an additional 155 shares in the last quarter. GeoWealth Management LLC increased its stake in PayPal by 6.2% during the 3rd 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 during the period. Harrell Investment Partners LLC lifted its holdings in PayPal by 2.1% in the 4th quarter. Harrell Investment Partners LLC now owns 9,374 shares of the credit services provider’s stock worth $547,000 after buying an additional 189 shares in the last quarter. Formidable Asset Management LLC lifted its holdings in PayPal by 0.8% in the 1st quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider’s stock worth $1,173,000 after buying an additional 205 shares in the last quarter. Finally, KPP Advisory Services LLC boosted its position in PayPal by 3.3% in the 1st quarter. KPP Advisory Services LLC now owns 6,625 shares of the credit services provider’s stock valued at $300,000 after buying an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL stock opened at $55.51 on Thursday. The firm has a fifty day moving average of $45.25 and a two-hundred day moving average of $47.09. The firm has a market cap of $48.97 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.39 and a beta of 1.33. 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.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the business posted $1.33 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.32 earnings per share for the current fiscal year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.0%. PayPal’s dividend payout ratio is presently 10.51%.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 3,379 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total transaction of $144,587.41. Following the transaction, the insider owned 30,983 shares of the company’s stock, valued at $1,325,762.57. This trade represents a 9.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction that occurred on Wednesday, April 29th. The stock was 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 owned 1,586 shares of the company’s stock, valued at approximately $78,443.56. The trade was a 45.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,612 shares of company stock valued at $966,623 in the last quarter. Insiders own 0.63% of the company’s stock.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Reports that PayPal rejected a $53 billion takeover bid because the board believes the company is worth more are fueling takeover premium speculation for PayPal (PYPL). PayPal Rejected a $53 Billion Takeover Bid: Is the Stock Undervalued?
• Positive Sentiment: Some commentary says PayPal could still be undervalued despite the bid, citing strategic assets like Venmo, PYUSD, and improving operating trends. PayPal Says a $53 Billion Takeover Offer from Stripe Undervalues It. How to Play PYPL Stock Here.
• Neutral Sentiment: An analyst remained on the sidelines despite the takeover chatter, suggesting investors are still waiting for clearer evidence that a deal or turnaround will materialize. Analyst Stays on Sidelines for PYPL Despite Stripe, Advent Buyout Offer
• Neutral Sentiment: PayPal also faces a near-term earnings backdrop that some previews say could be softer, which may limit upside if the company does not deliver a strong quarter. Earnings Preview: Paypal (PYPL) Q2 Earnings Expected to Decline
• Negative Sentiment: Longer-term coverage still highlights slowing growth and stronger competition, which is why the stock remains vulnerable if the takeover narrative fades. How PayPal went from Wall Street favorite to unwilling merger target

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup raised their target price on PayPal from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. BMO Capital Markets began coverage on PayPal in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $52.00 price target on the stock. Truist Financial reduced their price target on PayPal from $45.00 to $44.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Loop Capital started coverage on PayPal in a research note on Tuesday, March 31st. They set a “hold” rating and a $46.00 price objective for the company. Finally, Mizuho restated a “neutral” rating and set a $50.00 price objective (down from $60.00) on shares of PayPal in a report on Thursday, April 16th. Seven research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $54.61.

PayPal Company 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.