Osmosis Investment Management UK Ltd Takes $1.54 Million Position in PayPal Holdings, Inc. $PYPL

Key Points

• Osmosis Investment Management acquired a new 35,653-share position in PayPal worth approximately $1.54 million during the second quarter. Institutional investors and hedge funds collectively own 68.32% of PayPal’s stock.
• PayPal reported quarterly earnings of $1.38 per share, exceeding estimates of $1.28, while revenue rose 4.8% year over year to $8.68 billion. The company also announced a quarterly dividend of $0.14 per share, equal to a 0.9% annualized yield.
• Analyst sentiment remains mixed: PayPal has a consensus “Hold” rating and an average price target of $56.28, despite several recent upgrades. Shares opened at $61.68, above the consensus target and their 50- and 200-day moving averages.

Osmosis Investment Management UK Ltd bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,653 shares of the credit services provider's stock, valued at approximately $1,539,000.

A number of other large investors have also added to or reduced their stakes in PYPL. Bard Associates Inc. acquired a new position in PayPal in the 4th quarter worth $25,000. Kelleher Financial Advisors purchased a new position in PayPal in the 3rd quarter valued at about $30,000. Caitong International Asset Management Co. Ltd grew its stake in shares of PayPal by 15,233.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider's stock valued at $27,000 after acquiring an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of PayPal during the fourth quarter valued at about $28,000. Finally, Advocate Investing Services LLC purchased a new stake in shares of PayPal during the fourth quarter worth about $30,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $61.68 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. The business's fifty day moving average price is $52.51 and its two-hundred day moving average price is $47.62. The firm has a market capitalization of $52.76 billion, a PE ratio of 11.66, a P/E/G ratio of 1.50 and a beta of 1.29.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. The company had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share. On average, research analysts expect that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a $0.14 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 0.9%. PayPal's dividend payout ratio (DPR) is currently 10.59%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PYPL shares. Mizuho increased their price target on PayPal from $50.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. HSBC initiated coverage on PayPal in a research note on Friday, July 24th. They set a "buy" rating for the company. Jefferies Financial Group raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Tuesday, July 28th. BNP Paribas Exane raised their price objective on shares of PayPal from $43.50 to $52.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Finally, Daiwa Securities Group upgraded shares of PayPal from a "hold" rating to an "outperform" rating in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $56.28.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total value of $253,715.52. Following the completion of the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,888,723.68. This represents a 11.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $77,679.70. Following the completion of the sale, the chief accounting officer owned 2,216 shares in the company, valued at $128,749.60. The trade was a 37.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,774 shares of company stock valued at $738,249 in the last ninety days. Company insiders own 0.63% of the company's stock.

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.

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