Koss Olinger Consulting LLC Boosts Holdings in PayPal Holdings, Inc. $PYPL

Koss Olinger Consulting LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 32.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,293 shares of the credit services provider’s stock after purchasing an additional 9,538 shares during the period. Koss Olinger Consulting LLC’s holdings in PayPal were worth $1,777,000 as of its most recent SEC filing.

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

PayPal Price Performance

Shares of PayPal stock opened at $56.56 on Monday. The business has a 50-day moving average price of $44.60 and a 200 day moving average price of $47.14. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The firm has a market cap of $49.89 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.41 and a beta of 1.33. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

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

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.0%. PayPal’s dividend payout ratio (DPR) is 10.51%.

Insider Buying and Selling

In other PayPal 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 value of $66,128.02. Following the completion of the transaction, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total transaction of $536,170.72. Following the sale, the insider owned 41,567 shares of the company’s stock, valued at approximately $2,076,687.32. The trade was a 20.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,612 shares of company stock worth $966,623 over the last ninety days. 0.63% of the stock is owned by insiders.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: The reported takeover interest from Stripe and Advent has fueled speculation that PayPal could be worth more than the current offer, with several analysts and investors arguing the bid is too low. Reuters: PayPal board sees Stripe-Advent offer as inadequate, sources say
• Positive Sentiment: Some market commentary suggests the bid could force a higher valuation for PYPL, potentially supporting further upside if negotiations continue or a competing offer emerges. Yahoo Finance: Cantor sees potential for higher PayPal offer as analysis suggests $70/share value
• Neutral Sentiment: PayPal’s board has reportedly not formally responded yet, so the deal is still early-stage and subject to negotiation, financing, and regulatory risk. Yahoo Finance weekly review
• Negative Sentiment: The board is said to view the $53 billion proposal as inadequate, which could mean a longer path to any deal or no deal at all if a higher price does not materialize. PYMNTS: PayPal Board Calls $53 Billion Stripe-Advent Bid Inadequate

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Daiwa Securities Group upgraded PayPal from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 6th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. BNP Paribas Exane lifted their price objective on PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a report on Friday, April 10th. UBS Group upped their target price on PayPal from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. Seven analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.61.

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.