Waterfront Wealth Inc. Has $4.14 Million Position in PayPal Holdings, Inc. $PYPL

Waterfront Wealth Inc. lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 247.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,639 shares of the credit services provider’s stock after acquiring an additional 65,267 shares during the period. PayPal makes up about 0.8% of Waterfront Wealth Inc.’s portfolio, making the stock its 29th largest holding. Waterfront Wealth Inc.’s holdings in PayPal were worth $4,145,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PYPL. Bard Associates Inc. acquired a new position in PayPal during the fourth quarter valued at approximately $25,000. Kelleher Financial Advisors bought a new position in shares of PayPal in the 3rd quarter valued at $30,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after buying an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of PayPal during the 4th quarter worth $28,000. Finally, Advocate Investing Services LLC bought a new stake in shares of PayPal during the 4th quarter worth $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the transaction, the chief accounting officer owned 1,586 shares in the company, valued at approximately $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total value of $144,587.41. Following the completion of the sale, the insider owned 30,983 shares of the company’s stock, valued at $1,325,762.57. The trade was a 9.83% 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. Over the last 90 days, insiders have sold 20,612 shares of company stock worth $966,623. Company insiders own 0.63% of the company’s stock.

PayPal Stock Performance

PayPal stock opened at $45.32 on Friday. The business has a 50 day moving average of $44.10 and a 200-day moving average of $47.48. The company has a market capitalization of $39.98 billion, a P/E ratio of 8.50, a P/E/G ratio of 1.11 and a beta of 1.33. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. During the same period last year, the company earned $1.33 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.32 earnings per share for the current year.

PayPal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. PayPal’s dividend payout ratio (DPR) is presently 10.51%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PYPL shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PayPal in a research note on Friday, May 8th. BNP Paribas Exane increased their target price on shares of PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a report on Friday, April 10th. Piper Sandler reduced their price target on shares of PayPal from $46.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, June 29th. Truist Financial decreased their price target on shares of PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Finally, Bank of America lowered their price objective on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PayPal presently has an average rating of “Hold” and an average target price of $53.91.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal expanded PYUSD to Polygon, giving its stablecoin native access to a large settlement network and potentially improving transaction utility for merchants and users. PayPal boosts its stablecoin as banks prepare to launch a shared one
• Positive Sentiment: Analysts and market commentary suggest the PYUSD launch on Polygon is helping sentiment around PYPL, as the move could increase stablecoin adoption and reinforce PayPal’s crypto strategy. PayPal Stock (PYPL) Ticks Up as PYUSD Goes Native on Polygon
• Positive Sentiment: PayPal’s continued PYUSD expansion via Paxos and Polygon highlights efforts to build a broader stablecoin settlement network, which may support future growth in payments and fintech services. PayPal’s PYUSD Stablecoin Arrives Natively on Polygon via Paxos Partnership
• Neutral Sentiment: PayPal also received a bearish analyst initiation from Barclays, but the rating change does not appear to be the main driver of today’s trading action. PayPal Holdings (PYPL) Gets a Sell from Barclays
• Neutral Sentiment: Broader market risk-off pressure weighed on financial stocks after geopolitical headlines, which may have created some short-term volatility in PYPL. PayPal, Ameriprise Financial, and Ally Financial Shares Are Falling, What You Need To Know
• Neutral Sentiment: PayPal is also being discussed for its AI-driven cost savings and BNPL growth strategy, but these items are more long-term than immediate stock catalysts. PayPal AI Push: Will $1.5B Savings Drive Faster Growth Ahead?

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.