Hara Capital LLC Purchases Shares of 82,713 PayPal Holdings, Inc. $PYPL

Hara Capital LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 82,713 shares of the credit services provider’s stock, valued at approximately $3,572,000. PayPal comprises approximately 1.9% of Hara Capital LLC’s holdings, making the stock its 13th largest position.

Other large investors have also recently made changes to their positions in the company. Bard Associates Inc. bought a new stake in shares of PayPal during the fourth quarter worth about $25,000. Allied Private Wealth LLC acquired a new stake in shares of PayPal in the 2nd quarter worth about $25,000. Robinswood Financial LLC bought a new position in PayPal in the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd lifted 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 acquiring an additional 457 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in PayPal during the 2nd quarter valued at about $27,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

Shares of PayPal stock opened at $62.30 on Friday. The business’s fifty day simple moving average is $51.73 and its 200 day simple moving average is $47.42. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.21. The firm has a market capitalization of $53.30 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.49 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The firm had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued 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 is Friday, September 4th. PayPal’s dividend payout ratio (DPR) is 10.59%.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Takeover speculation supported the stock. Deal chatter involving a possible Stripe and Advent International offer resurfaced, encouraging investors to view PayPal as a potential acquisition target. No offer or transaction has been confirmed, so the catalyst remains speculative. PayPal takeover speculation
• Positive Sentiment: Tuition-payment integrations expand PayPal’s potential transaction volume. PayPal and Venmo are now available through Illumia, Nelnet Campus Commerce and TouchNet, with participating schools including Bellarmine University, Butler University, Kansas State University, Michigan State University and Texas Tech. The initiative adds a recurring, high-value payment use case, though its near-term revenue contribution is unclear. PayPal and Venmo tuition-payment expansion
• Positive Sentiment: PayPal outperformed some buy-now-pay-later peers. Klarna and Affirm declined as PayPal remained positive, suggesting investors may be favoring the scale, established customer base and broader financial-services platform of more mature payment companies. PayPal and BNPL stock rotation
• Neutral Sentiment: Options pricing reflects substantial uncertainty. The options market implies a broad potential trading range over the coming year, consistent with uncertainty surrounding PayPal’s turnaround prospects and possible corporate activity. PayPal options outlook
• Neutral Sentiment: An insider sale was a modest cautionary signal. Suzan Kereere sold 4,162 shares worth approximately $253,716 under a pre-arranged Rule 10b5-1 plan. She retained 30,983 shares, reducing the significance of the transaction as an indicator of business prospects. PayPal insider sale filing
• Negative Sentiment: Competitive and valuation risks remain. TikTok is reportedly developing a peer-to-peer payment feature that could challenge Venmo’s social-payments positioning. Jim Cramer also warned that some fintech stocks, including PayPal, may be priced for optimistic outcomes. TikTok peer-to-peer payment report

Insider Buying and Selling

In other news, CAO Chris Natali sold 1,337 shares of the stock in a transaction that occurred on 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 $128,749.60. This represents a 37.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total transaction of $253,715.52. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,888,723.68. The trade was a 11.84% 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. Over the last 90 days, insiders sold 14,774 shares of company stock worth $738,249. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. HSBC started coverage on PayPal in a report on Friday, July 24th. They set a “buy” rating for the company. BNP Paribas Exane raised their target price on PayPal from $43.50 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Truist Financial lifted their target price on PayPal from $59.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday. Cantor Fitzgerald upped their price target on PayPal from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. increased their price target on PayPal from $46.00 to $65.00 and gave the company a “neutral” rating in a research report 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.28.

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.