Beverly Hills Private Wealth LLC Invests $1.38 Million in PayPal Holdings, Inc. $PYPL

Beverly Hills Private Wealth LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 31,898 shares of the credit services provider’s stock, valued at approximately $1,377,000.

Several other hedge funds also recently modified their holdings of the business. Bard Associates Inc. bought a new position in shares of PayPal in the 4th quarter worth $25,000. Allied Private Wealth LLC acquired a new position in shares of PayPal during the second quarter worth about $25,000. Robinswood Financial LLC acquired a new position in PayPal during the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd grew its position in 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 purchasing an additional 457 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of PayPal in the 4th quarter valued at about $28,000. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PYPL. Susquehanna boosted their price objective on shares of PayPal from $63.00 to $67.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PayPal in a report on Wednesday, August 5th. Keefe, Bruyette & Woods raised their target price on shares of PayPal from $55.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $50.00 price target on PayPal in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada boosted 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. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Hold” and an average price target of $55.72.

PayPal Trading Up 0.0%

NASDAQ:PYPL opened at $61.67 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50-day moving average of $50.13 and a 200-day moving average of $47.21. The company has a market cap of $52.76 billion, a PE ratio of 11.66, a PEG ratio of 1.51 and a beta of 1.29. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.21.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, beating the consensus estimate 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 net margin of 14.36% and a return on equity of 24.39%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.40 earnings per share. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.37 EPS for the current fiscal year.

PayPal Dividend Announcement

The firm also recently declared 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. 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 10.59%.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Renewed takeover discussions provided the main catalyst. PayPal is reportedly in early negotiations to sell itself to a group involving Stripe and private-equity firm Advent International. The parties are said to be considering a higher valuation than an earlier offer, although discussions remain preliminary and no deal is assured. PayPal Stock Rises on Report of Stripe, Advent Buyout Talks
• Positive Sentiment: A $1.5 billion cost-savings plan could support earnings. PayPal intends to use artificial intelligence, operational changes and a simpler organizational structure to reduce expenses, potentially improving profitability while freeing resources for future growth. PayPal Cost Savings: Will $1.5B Plan Reshape Profitability?
• Positive Sentiment: Venmo remains a potential growth and monetization engine. Venmo is generating mid-teens total payment volume growth, but the investment case increasingly depends on PayPal converting expanding user activity and product adoption into revenue. PayPal’s Venmo: Can Monetization Sustain Its Mid-Teens Growth?
• Neutral Sentiment: Recent profit improvement may already be reflected in company disclosures. Commentary highlighted a shift toward businesses that are supporting PayPal’s recovery, but suggested the underlying drivers were previously identified in management reports rather than representing a wholly new development. PayPal Stock Surged On a Profit Shift Management Had Already Spelled Out
• Negative Sentiment: Longer-term investor concerns remain. Despite recurring payment-volume growth, PayPal’s shares remain far below their record level, reflecting doubts about revenue conversion, competitive pressure and the company’s ability to sustain growth. PayPal Grows Its Volume Every Year. Here’s Why the Stock Doesn’t Always Follow

Insider Buying and Selling at PayPal

In related news, insider Suzan Kereere sold 3,379 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total transaction of $144,587.41. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,325,762.57. This represents a 9.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 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 owned 2,216 shares in the company, valued at $128,749.60. This 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 have sold 10,612 shares of company stock valued at $484,534 in the last 90 days. 0.63% of the stock is currently owned by company 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.