PayPal Holdings, Inc. $PYPL is Lind Value II ApS’s 6th Largest Position

Lind Value II ApS boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 138.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 154,385 shares of the credit services provider’s stock after buying an additional 89,773 shares during the period. PayPal comprises 2.9% of Lind Value II ApS’s holdings, making the stock its 6th biggest position. Lind Value II ApS’s holdings in PayPal were worth $9,013,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in PayPal by 56.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,577 shares of the credit services provider’s stock valued at $617,000 after acquiring an additional 3,797 shares in the last quarter. Legato Capital Management LLC grew its stake in shares of PayPal by 23.5% in the 4th quarter. Legato Capital Management LLC now owns 42,628 shares of the credit services provider’s stock worth $2,489,000 after buying an additional 8,101 shares in the last quarter. Advisory Alpha LLC grew its stake in shares of PayPal by 13.8% in the 4th quarter. Advisory Alpha LLC now owns 4,594 shares of the credit services provider’s stock worth $268,000 after buying an additional 557 shares in the last quarter. Evoke Wealth LLC grew its stake in shares of PayPal by 119.5% in the 4th quarter. Evoke Wealth LLC now owns 12,099 shares of the credit services provider’s stock worth $706,000 after buying an additional 6,588 shares in the last quarter. Finally, Mizuho Markets Cayman LP grew its stake in shares of PayPal by 20.8% in the 4th quarter. Mizuho Markets Cayman LP now owns 103,752 shares of the credit services provider’s stock worth $6,057,000 after buying an additional 17,876 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Frank Keller sold 29,581 shares of PayPal stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the transaction, the executive vice president directly owned 51,567 shares of the company’s stock, valued at approximately $2,373,113.34. The trade was a 36.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzan Kereere sold 13,515 shares of PayPal stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total transaction of $621,960.30. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at $1,425,837.66. The trade was a 30.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 57,373 shares of company stock valued at $2,684,341. Company insiders own 0.63% of the company’s stock.

Key PayPal News

Here are the key news stories impacting PayPal this week:

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Compass Point raised shares of PayPal from a “sell” rating to a “neutral” rating and set a $51.00 price objective for the company in a research note on Wednesday, February 4th. Cantor Fitzgerald lifted their price objective on shares of PayPal from $42.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Truist Financial dropped their price objective on shares of PayPal from $45.00 to $44.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. Finally, Mizuho reissued a “neutral” rating and issued a $50.00 price objective (down from $60.00) on shares of PayPal in a research note on Thursday, April 16th. 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. According to data from MarketBeat, PayPal has a consensus rating of “Hold” and an average target price of $55.85.

Check Out Our Latest Analysis on PYPL

PayPal Price Performance

PYPL stock opened at $44.23 on Friday. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 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. The company has a 50-day moving average price of $46.40 and a 200 day moving average price of $52.18. The stock has a market cap of $39.02 billion, a PE ratio of 8.30, a P/E/G ratio of 1.11 and a beta of 1.39.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly 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. 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 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Announces Dividend

The company 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 dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. PayPal’s payout ratio is currently 10.51%.

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.

See Also

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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