Commerce Bank Takes Position in PayPal Holdings, Inc. $PYPL

Commerce Bank acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,255 shares of the credit services provider’s stock, valued at approximately $831,000.

Several other institutional investors also recently modified their holdings of PYPL. Brighton Jones LLC lifted its holdings in PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after buying an additional 924 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of PayPal during the fourth quarter valued at approximately $248,000. Sivia Capital Partners LLC raised its holdings in shares of PayPal by 41.5% during the second quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock valued at $332,000 after acquiring an additional 1,310 shares in the last quarter. United Bank lifted its stake in PayPal by 40.1% in the second quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after acquiring an additional 4,974 shares during the period. Finally, Federated Hermes Inc. lifted its stake in PayPal by 17.9% in the second quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock worth $1,405,000 after acquiring an additional 2,865 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PYPL. UBS Group set a $45.00 target price on shares of PayPal in a research note on Wednesday, July 29th. Cantor Fitzgerald increased their price target on shares of PayPal from $54.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of PayPal from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Morgan Stanley set a $45.00 price objective on PayPal in a research report on Wednesday, July 29th. Finally, Telsey Advisory Group downgraded PayPal to a “market perform” rating in a report on Friday, July 24th. Nine investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.28.

PayPal Price Performance

PYPL stock opened at $61.81 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a 50 day moving average price of $53.28 and a 200-day moving average price of $47.92. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.21. The firm has a market capitalization of $52.88 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.52 and a beta of 1.30.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The company had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal 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 paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio is currently 10.59%.

Insider Activity

In related news, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total value of $253,715.52. Following the transaction, the insider owned 30,983 shares in the company, valued at $1,888,723.68. The trade was a 11.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total transaction of $196,194.48. Following the sale, the insider directly owned 41,567 shares in the company, valued at $1,768,260.18. This trade represents a 9.99% 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 sold 14,774 shares of company stock worth $738,249 over the last three months. 0.63% of the stock is currently owned by corporate 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.