PayPal Holdings, Inc. $PYPL Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 58.6% in the 4th quarter, HoldingsChannel reports. The fund owned 415,674 shares of the credit services provider’s stock after acquiring an additional 153,627 shares during the period. Daiwa Securities Group Inc.’s holdings in PayPal were worth $24,267,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PYPL. Maia Wealth LLC lifted its position in PayPal by 2.5% during the third quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock valued at $424,000 after buying an additional 155 shares in the last quarter. Transatlantique Private Wealth LLC lifted its position in PayPal by 2.9% during the third quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock valued at $382,000 after buying an additional 159 shares in the last quarter. Martin & Co. Inc. TN lifted its position in PayPal by 0.3% during the third quarter. Martin & Co. Inc. TN now owns 56,934 shares of the credit services provider’s stock valued at $3,818,000 after buying an additional 175 shares in the last quarter. RWA Wealth Partners LLC lifted its position in PayPal by 0.7% during the third quarter. RWA Wealth Partners LLC now owns 25,043 shares of the credit services provider’s stock valued at $1,679,000 after buying an additional 184 shares in the last quarter. Finally, GeoWealth Management LLC lifted its position in PayPal by 6.2% during the third quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock valued at $216,000 after buying an additional 188 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Down 3.4%

PYPL opened at $41.29 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’s 50 day moving average is $46.20 and its 200-day moving average is $50.59. The firm has a market capitalization of $36.42 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.07 and a beta of 1.34. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50.

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

PayPal Dividend Announcement

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 paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, June 4th. PayPal’s payout ratio is 10.51%.

More PayPal News

Here are the key news stories impacting PayPal this week:

Analysts Set New Price Targets

PYPL has been the topic of a number of recent research reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $42.00 price target on shares of PayPal in a research report on Wednesday, May 20th. Truist Financial dropped their price objective on shares of PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. Bank of America dropped their price objective on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.85.

Read Our Latest Stock Analysis on PYPL

Insider Buying and Selling

In related news, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total value of $144,587.41. Following the completion of the sale, the insider owned 30,983 shares in the company, valued at approximately $1,325,762.57. The trade was a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 on Wednesday, April 29th. The stock was 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 owned 1,586 shares of the company’s stock, valued at approximately $78,443.56. This trade represents a 45.74% 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. Over the last quarter, insiders sold 20,612 shares of company stock worth $966,623. Insiders own 0.63% of the company’s stock.

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.

Featured Stories

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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