Triumph Capital Management Has $986,000 Position in PayPal Holdings, Inc. $PYPL

Triumph Capital Management lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 30.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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.

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

PayPal Stock Performance

Shares of PYPL stock opened at $52.67 on Tuesday. 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 fifty-two week low of $38.46 and a fifty-two week high of $79.21. The stock’s 50-day moving average is $54.09 and its two-hundred day moving average is $48.24. The firm has a market cap of $45.06 billion, a P/E ratio of 9.96, a PEG ratio of 1.31 and a beta of 1.29.

PayPal (NASDAQ:PYPL) 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 business had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 EPS. Analysts predict that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.

PayPal Announces Dividend

The firm 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 dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio (DPR) is presently 10.59%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Loop Capital dropped their target price on PayPal from $62.00 to $50.00 and set a “hold” rating on the stock in a report on Friday. Cantor Fitzgerald raised their price target on shares of PayPal from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. William Blair reaffirmed a “market perform” rating on shares of PayPal in a research report on Wednesday, July 15th. TD Cowen upped their price objective on shares of PayPal from $48.00 to $59.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods increased their target price on shares of PayPal from $55.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.03.

Insider Buying and Selling at PayPal

In other PayPal news, insider Frank Keller sold 732 shares of PayPal stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total value 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. The trade was a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 directly owned 2,216 shares of the company’s stock, valued at $128,749.60. This represents a 37.63% decrease in their ownership of the stock. 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 worth $738,249 over the last ninety days. 0.63% of the stock is currently owned by insiders.

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.