Bull Harbor Capital LLC Acquires New Position in PayPal Holdings, Inc. $PYPL

Bull Harbor Capital LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,591 shares of the credit services provider’s stock, valued at approximately $660,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Bard Associates Inc. purchased a new stake in PayPal during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its position in shares of 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 buying an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of PayPal during the 4th quarter worth $28,000. Kelleher Financial Advisors acquired a new position in shares of PayPal during the 3rd quarter worth $30,000. Finally, Advocate Investing Services LLC purchased a new stake in shares of PayPal in the 4th quarter worth about $30,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on PYPL. TD Cowen raised their target price on shares of PayPal from $48.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday. Royal Bank Of Canada upped their price target on shares of PayPal from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group set a $45.00 price target on shares of PayPal in a research report on Wednesday. Daiwa Securities Group raised shares of PayPal from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 6th. Finally, Citigroup upped their target price on PayPal from $48.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $55.50.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction on Wednesday, June 3rd. The shares were 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 $1,325,762.57. The trade was a 9.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 dated Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $77,679.70. Following the completion of the transaction, the chief accounting officer directly 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. In the last ninety days, insiders have sold 10,612 shares of company stock valued at $484,534. Corporate insiders own 0.63% of the company’s stock.

PayPal Price Performance

PYPL opened at $57.65 on Friday. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.21. The company’s 50 day simple moving average is $46.77 and its 200 day simple moving average is $47.02. The stock has a market capitalization of $50.85 billion, a PE ratio of 10.90, a P/E/G ratio of 1.45 and a beta of 1.33. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.26 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results 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. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same quarter last year, the business earned $1.40 EPS. PayPal’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 5.32 EPS for the current year.

PayPal Dividend Announcement

The firm 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 1.0%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio (DPR) is currently 10.59%.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal reported second-quarter revenue of $8.68 billion and adjusted EPS of $1.38, exceeding estimates of $8.47 billion and $1.28, respectively. Management also raised its full-year profit outlook, citing improving branded checkout, Venmo growth and cost savings. PayPal’s Q2 Earnings Call Focuses on Checkout Stability
• Positive Sentiment: Several analysts lifted their price targets following the results, including JPMorgan to $65, Mizuho to $60, Citi to $61 and Keefe, Bruyette & Woods to $70, with KBW upgrading the shares to outperform. Analysts Boost PayPal Forecasts
• Positive Sentiment: PayPal is joining Binance’s bStocks initiative, potentially expanding access to tokenized equities for crypto users and creating additional payment or financial-services opportunities. PayPal Joins Binance bStocks
• Neutral Sentiment: Reports say Stripe and Advent International recently offered about $60.50 per share for PayPal. The board reportedly viewed the bid as too low, while CEO discussions indicated openness to potential deals but continued preference for an independent recovery. The speculation may provide valuation support but also highlights strategic uncertainty. PayPal CEO Signals Deal Openness
• Neutral Sentiment: PayPal declared a quarterly dividend of $0.14 per share, payable September 25 to shareholders of record September 4, offering an annualized yield of roughly 1%.
• Negative Sentiment: Wall Street remains divided: Wells Fargo, TD Cowen, Baird, Canaccord and Wolfe Research retained neutral or hold ratings, while Goldman Sachs reportedly warned that stronger results have not resolved PayPal’s core branded-checkout and competitive-positioning challenges. Wall Street Divided on PayPal
• Negative Sentiment: Two insiders sold shares under pre-arranged Rule 10b5-1 plans: Frank Keller sold 732 shares and Chief Accounting Officer Chris Natali sold 1,337 shares. Because the transactions were scheduled in advance, they are a limited—but still potentially negative—signal.

PayPal Company 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.