Natixis Advisors LLC Trims Stock Holdings in PayPal Holdings, Inc. $PYPL

Natixis Advisors LLC trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 24.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 432,856 shares of the credit services provider’s stock after selling 140,695 shares during the quarter. Natixis Advisors LLC’s holdings in PayPal were worth $25,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kelleher Financial Advisors purchased a new stake in shares of PayPal in the third quarter worth approximately $30,000. Torren Management LLC bought a new position in PayPal in the fourth quarter worth approximately $31,000. Strategic Advocates LLC bought a new position in PayPal in the third quarter worth approximately $38,000. Steph & Co. grew its stake in PayPal by 103.1% in the fourth quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 333 shares in the last quarter. Finally, Garner Asset Management Corp bought a new position in PayPal in the fourth quarter worth approximately $39,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

PayPal Stock Up 0.3%

PayPal stock opened at $42.75 on Friday. The business has a fifty day moving average of $46.27 and a two-hundred day moving average of $50.66. 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 has a market cap of $37.71 billion, a P/E ratio of 8.02, a P/E/G ratio of 1.07 and a beta of 1.34. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last posted its 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. The company had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.PayPal’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 earnings per share. On average, analysts forecast that PayPal Holdings, Inc. will post 5.3 earnings per share for the current fiscal year.

PayPal Announces Dividend

The business also recently announced 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. The ex-dividend date is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PayPal’s dividend payout ratio is currently 10.51%.

Analysts Set New Price Targets

PYPL has been the topic of several research analyst reports. 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. BNP Paribas Exane increased their price objective on PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Canaccord Genuity Group reissued a “hold” rating and issued a $42.00 price objective on shares of PayPal in a research note on Wednesday, May 20th. UBS Group increased their price objective on PayPal from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Truist Financial dropped their price objective on PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, PayPal presently has an average rating of “Hold” and an average price target of $55.85.

Read Our Latest Stock Analysis on PayPal

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 3,379 shares of the company’s stock in a transaction 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 completion of the sale, the insider owned 30,983 shares in the company, valued at $1,325,762.57. This represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 the company’s stock in a transaction 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 sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at approximately $78,443.56. This 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. Insiders sold a total of 20,612 shares of company stock worth $966,623 over the last 90 days. Company 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.

Further Reading

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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