Front Street Capital Management Inc. Invests $391,000 in PayPal Holdings, Inc. $PYPL

Front Street Capital Management Inc. purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 8,590 shares of the credit services provider’s stock, valued at approximately $391,000.

Other institutional investors have also added to or reduced their stakes in the company. Bard Associates Inc. acquired a new stake in shares of PayPal in the 4th quarter valued at $25,000. Allied Private Wealth LLC bought a new stake in shares of PayPal during the 2nd quarter valued at approximately $25,000. Robinswood Financial LLC bought a new stake in shares of PayPal during the 1st quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its position 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 in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in PayPal in the 2nd quarter valued at approximately $27,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on PYPL. Royal Bank Of Canada boosted their target price on shares of PayPal from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Truist Financial raised their price objective on PayPal from $59.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Daiwa Securities Group upgraded PayPal from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 6th. Robert W. Baird upped their target price on PayPal from $50.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Argus set a $70.00 target price on PayPal in a research report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $56.28.

PayPal Stock Performance

NASDAQ PYPL opened at $61.68 on Tuesday. The company has a market capitalization of $52.76 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.50 and a beta of 1.29. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.55. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.21. The stock has a fifty day simple moving average of $52.51 and a 200 day simple moving average of $47.62.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The firm had revenue of $8.68 billion for 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 business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio is currently 10.59%.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total transaction of $253,715.52. Following the completion of the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,888,723.68. This trade represents a 11.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total transaction of $196,194.48. Following the completion of the sale, the insider directly owned 41,567 shares in the company, valued at approximately $1,768,260.18. This represents a 9.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 14,774 shares of company stock worth $738,249. 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.