Roberts Glore & Co. Inc. IL Invests $540,000 in PayPal Holdings, Inc. $PYPL

Roberts Glore & Co. Inc. IL acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,501 shares of the credit services provider’s stock, valued at approximately $540,000.

Several other large investors have also recently added to or reduced their stakes in PYPL. BlackRock Inc. bought a new stake in PayPal during the second quarter worth approximately $3,236,989,000. Norges Bank bought a new position in PayPal during the 4th quarter valued at $949,758,000. Bank of America Corp DE increased its position in shares of PayPal by 67.9% during the 1st quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock valued at $1,158,554,000 after purchasing an additional 10,356,256 shares during the period. Primecap Management Co. CA bought a new stake in shares of PayPal in the 2nd quarter worth $422,092,000. Finally, Amundi raised its stake in shares of PayPal by 227.6% in the 1st quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock worth $624,364,000 after buying an additional 9,590,488 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PayPal

In other news, CAO Chris Natali sold 1,337 shares of the business’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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total transaction of $253,715.52. Following the completion of the sale, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,888,723.68. This trade represents a 11.84% 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 have sold a total of 14,774 shares of company stock valued at $738,249 over the last ninety days. Corporate insiders own 0.63% of the company’s stock.

PayPal Trading Up 1.0%

Shares of NASDAQ PYPL opened at $62.27 on Wednesday. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.21. The company has a market cap of $53.27 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $52.88 and a 200-day simple moving average of $47.77.

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

PayPal Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on PYPL. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. Morgan Stanley set a $45.00 price target on shares of PayPal in a report on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on shares of PayPal from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Truist Financial lifted their price objective on shares of PayPal from $59.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Finally, Piper Sandler boosted their target price on shares of PayPal from $42.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Nine equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.28.

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.