PayPal Holdings, Inc. $PYPL Shares Sold by Triumph Capital Management

Triumph Capital Management lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 30.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,829 shares of the credit services provider’s stock after selling 9,870 shares during the period. Triumph Capital Management’s holdings in PayPal were worth $986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Maia Wealth LLC raised its position in shares of PayPal by 2.5% during the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after buying an additional 155 shares in the last quarter. GeoWealth Management LLC boosted its holdings in shares of PayPal by 6.2% in the third quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock valued at $216,000 after acquiring an additional 188 shares in the last quarter. Formidable Asset Management LLC increased its stake in shares of PayPal by 0.8% during the first quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider’s stock valued at $1,173,000 after acquiring an additional 205 shares during the period. KPP Advisory Services LLC increased its stake in shares of PayPal by 3.3% during the first quarter. KPP Advisory Services LLC now owns 6,625 shares of the credit services provider’s stock valued at $300,000 after acquiring an additional 214 shares during the period. Finally, Jackson Thornton Wealth Management LLC raised its holdings in PayPal by 3.5% during the first quarter. Jackson Thornton Wealth Management LLC now owns 7,110 shares of the credit services provider’s stock worth $322,000 after purchasing an additional 238 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Tuesday, August 18th. The stock was 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 $1,888,723.68. This trade represents a 11.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 732 shares of PayPal stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total value of $42,529.20. Following the completion of the transaction, the insider directly owned 41,567 shares in the company, valued at $2,415,042.70. This represents a 1.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,774 shares of company stock valued at $738,249 over the last three months. Insiders own 0.63% of the company’s stock.

PayPal Trading Down 1.8%

PayPal stock opened at $52.67 on Tuesday. The firm has a market cap of $45.06 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.31 and a beta of 1.29. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.21. The firm’s 50 day moving average price is $54.09 and its two-hundred day moving average price is $48.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 24.39% and a net margin of 14.36%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 EPS. On average, research analysts predict that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio is currently 10.59%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PYPL. Citigroup upped their target price on PayPal from $48.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Robert W. Baird lifted their price target on PayPal from $50.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Weiss Ratings raised PayPal from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Argus set a $70.00 target price on PayPal in a report on Wednesday, July 29th. Finally, Barclays lifted their target price on PayPal from $55.00 to $57.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, PayPal has an average rating of “Hold” and a consensus target price of $56.03.

PayPal 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.