Roberts Glore & Co. Inc. IL Takes Position in PayPal Holdings, Inc. $PYPL

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

Several other large investors also recently bought and sold shares of the company. Bard Associates Inc. purchased a new stake in shares of PayPal during the fourth quarter worth about $25,000. Kelleher Financial Advisors acquired a new stake in PayPal during the 3rd quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd increased its holdings in 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 purchasing an additional 457 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in PayPal during the 4th quarter worth approximately $28,000. Finally, Advocate Investing Services LLC acquired a new position in shares of PayPal in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity

In related news, insider Frank Keller sold 4,612 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total transaction of $196,194.48. Following the completion of the transaction, the insider owned 41,567 shares in the company, valued at $1,768,260.18. The trade was a 9.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 company’s 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 transaction, the chief accounting officer owned 2,216 shares of the company’s stock, valued at approximately $128,749.60. The trade was 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. Over the last ninety days, insiders sold 14,774 shares of company stock valued at $738,249. 0.63% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on PYPL shares. Clear Str raised shares of PayPal to a “hold” rating in a report on Thursday, July 16th. The Goldman Sachs Group set a $50.00 target price on shares of PayPal in a research report on Tuesday, July 28th. UBS Group set a $45.00 target price on shares of PayPal in a research note on Wednesday, July 29th. BNP Paribas Exane increased their price target on shares of PayPal from $43.50 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lifted their price target on PayPal from $46.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $56.28.

PayPal Trading Up 1.0%

PayPal stock opened at $62.27 on Wednesday. The firm’s 50-day moving average is $52.88 and its 200-day moving average is $47.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.21. The company has a market cap of $53.27 billion, a P/E ratio of 11.77, a PEG ratio of 1.50 and a beta of 1.30.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The business 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 company’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 firm earned $1.40 EPS. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.38 earnings per share for the current year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued 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 dividend payout ratio is 10.59%.

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.