PayPal Holdings, Inc. $PYPL Shares Bought by MUFG Securities EMEA plc

by · The Cerbat Gem

MUFG Securities EMEA plc grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 109.8% in the fourth quarter, HoldingsChannel reports. The fund owned 38,358 shares of the credit services provider’s stock after buying an additional 20,071 shares during the quarter. MUFG Securities EMEA plc’s holdings in PayPal were worth $2,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kelleher Financial Advisors acquired a new position in shares of PayPal during the 3rd quarter valued at about $30,000. Torren Management LLC acquired a new position in shares of PayPal during the 4th quarter valued at about $31,000. Strategic Advocates LLC acquired a new position in shares of PayPal during the 3rd quarter valued at about $38,000. Steph & Co. increased its stake in shares of PayPal by 103.1% during the 4th quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 333 shares during the last quarter. Finally, Garner Asset Management Corp acquired a new position in shares of PayPal during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of research analyst reports. Citizens Jmp reaffirmed a “market perform” rating on shares of PayPal in a research note on Wednesday, February 4th. Argus dropped their price objective on shares of PayPal from $87.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, February 6th. TD Cowen reiterated a “hold” rating on shares of PayPal in a report on Tuesday, February 3rd. The Goldman Sachs Group decreased their target price on PayPal from $41.00 to $40.00 in a report on Wednesday, May 6th. Finally, Dbs Bank upgraded PayPal to a “hold” rating in a report on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $55.85.

Check Out Our Latest Report on PayPal

PayPal Stock Up 1.0%

NASDAQ PYPL opened at $45.19 on Tuesday. The stock has a market cap of $39.86 billion, a PE ratio of 8.48, a P/E/G ratio of 1.12 and a beta of 1.39. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The business has a 50 day moving average price of $46.34 and a two-hundred day moving average price of $51.12. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The firm had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter in the prior year, the business earned $1.33 EPS. PayPal’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.

PayPal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.2%. PayPal’s dividend payout ratio is currently 10.51%.

Insider Buying and Selling at PayPal

In related news, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction 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 sale, the chief accounting officer directly owned 1,586 shares of the company’s stock, valued at $78,443.56. This represents a 45.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 company’s stock in a transaction 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 completion of the sale, the insider directly owned 41,567 shares in the company, valued at $2,076,687.32. This represents a 20.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.63% of the company’s stock.

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.

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