Evolve Private Wealth LLC Invests $363,000 in PayPal Holdings, Inc. $PYPL

Evolve Private Wealth 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 and Exchange Commission (SEC). The firm bought 8,412 shares of the credit services provider’s stock, valued at approximately $363,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of PayPal by 15.2% during 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 last quarter. Revolve Wealth Partners LLC acquired a new position in PayPal in the fourth quarter valued at $248,000. Sivia Capital Partners LLC grew its position in 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 during the period. United Bank grew its position in PayPal by 40.1% during the second quarter. United Bank now owns 17,388 shares of the credit services provider’s stock valued at $1,292,000 after acquiring an additional 4,974 shares during the period. Finally, Federated Hermes Inc. increased its stake in PayPal by 17.9% during 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 last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In related news, insider Frank Keller sold 4,612 shares of PayPal 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 sale, the insider owned 41,567 shares of the company’s stock, valued at $1,768,260.18. The trade was a 9.99% 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 PayPal stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $77,679.70. Following the sale, the chief accounting officer directly owned 2,216 shares in the company, valued at $128,749.60. This trade represents a 37.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 14,774 shares of company stock valued at $738,249. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PYPL shares. Mizuho lifted their price objective on PayPal from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Tuesday, May 5th. Royal Bank Of Canada raised 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, July 29th. Telsey Advisory Group cut shares of PayPal to a “market perform” rating in a research report on Friday, July 24th. Finally, Cantor Fitzgerald boosted their price objective 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. Nine analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus target price of $56.28.

PayPal Price Performance

PYPL stock opened at $62.27 on Wednesday. The firm has a market cap of $53.27 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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 1 year low of $38.46 and a 1 year high of $79.21. The stock has a 50-day simple moving average of $52.88 and a 200-day simple moving average of $47.77.

PayPal (NASDAQ:PYPL) last released its quarterly 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. 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%.PayPal’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s payout ratio is presently 10.59%.

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.