Global Retirement Partners LLC Acquires New Stake in PayPal Holdings, Inc. $PYPL

Global Retirement Partners LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,382 shares of the credit services provider’s stock, valued at approximately $362,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bard Associates Inc. acquired a new stake in shares of PayPal during the 4th quarter worth about $25,000. Allied Private Wealth LLC purchased a new stake in shares of PayPal during the second quarter worth about $25,000. Robinswood Financial LLC acquired a new position in shares of PayPal in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd raised its position in shares of PayPal by 15,233.3% in 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 buying an additional 457 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PYPL shares. Robert W. Baird raised their target price on shares of PayPal from $50.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Barclays lifted their target price on shares of PayPal from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Morgan Stanley set a $45.00 price target on PayPal in a report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of PayPal in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on PayPal from $46.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.28.

Insider Transactions at PayPal

In other news, insider Frank Keller sold 732 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $42,529.20. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, 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 stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total value of $77,679.70. Following the completion of the transaction, the chief accounting officer directly owned 2,216 shares in the company, valued at $128,749.60. This trade represents a 37.63% decrease in their ownership of the stock. 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 worth $738,249 in the last ninety days. Insiders own 0.63% of the company’s stock.

PayPal Trading Up 1.4%

Shares of PYPL stock opened at $61.25 on Thursday. The firm’s 50-day simple moving average is $51.31 and its 200-day simple moving average is $47.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.21. The firm has a market cap of $52.40 billion, a P/E ratio of 11.58, a PEG ratio of 1.47 and a beta of 1.30.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. The firm had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. PayPal’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 earnings per share. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. PayPal’s payout ratio is currently 10.59%.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal and Venmo are expanding into higher-education tuition payments through integrations with Illumia, Nelnet Campus Commerce and TouchNet. The services are already available at schools including Michigan State, Kansas State, Texas Tech, Butler and Bellarmine, potentially increasing transaction volume and everyday use of PayPal’s wallets. PayPal and Venmo Expand to Tuition Payments
• Positive Sentiment: Reports that Stripe and Advent International have renewed interest in a potential PayPal transaction are supporting the shares by reinforcing takeover speculation. However, no deal has been announced, so this remains a potential catalyst rather than a confirmed development. PayPal Buyout Talks Resurface
• Positive Sentiment: Piper Sandler raised its price target to $59 while maintaining a Neutral rating, indicating greater recognition of potential value beyond PayPal’s checkout business. Piper Sandler Raises PayPal Price Target

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.