Jupiter Topco LLC Makes New $4.43 Million Investment in PayPal Holdings, Inc. $PYPL

Jupiter Topco LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 102,637 shares of the credit services provider’s stock, valued at approximately $4,428,000.

A number of other large investors have also made changes to their positions in PYPL. Bard Associates Inc. acquired a new position in PayPal in the 4th quarter worth approximately $25,000. Kelleher Financial Advisors acquired a new stake in PayPal during the 3rd quarter valued at $30,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 purchasing an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of PayPal in the fourth quarter valued at $28,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of PayPal in the fourth quarter worth $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insiders Place Their Bets

In other news, insider Frank Keller sold 4,612 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total transaction of $196,194.48. Following the transaction, the insider owned 41,567 shares of the company’s stock, valued at approximately $1,768,260.18. This represents a 9.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 shares were sold at an average price of $60.96, for a total value of $253,715.52. Following the completion of the transaction, the insider directly owned 30,983 shares in the company, valued at $1,888,723.68. The trade was a 11.84% 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. Insiders have sold 14,774 shares of company stock valued at $738,249 over the last three months. 0.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald lifted their price target on PayPal from $54.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Piper Sandler increased their price objective on PayPal from $42.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Wednesday, July 15th. Clear Str raised shares of PayPal to a “hold” rating in a research report on Thursday, July 16th. Finally, Jefferies Financial Group raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $56.03.

PayPal Price Performance

Shares of PYPL opened at $52.67 on Tuesday. The firm has a market cap of $45.06 billion, a PE ratio of 9.96, a PEG ratio of 1.31 and a beta of 1.29. The firm’s 50 day moving average price is $54.09 and its 200 day moving average price is $48.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.21.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.47 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Announces Dividend

The firm 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 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio is presently 10.59%.

About PayPal

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.