Sanctuary Advisors LLC Invests $1.84 Million in PayPal Holdings, Inc. $PYPL

Sanctuary Advisors LLC purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, Holdings Channel reports. The fund purchased 42,702 shares of the credit services provider’s stock, valued at approximately $1,844,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Bard Associates Inc. bought a new position in PayPal in the 4th quarter worth about $25,000. Allied Private Wealth LLC bought a new stake in shares of PayPal during the second quarter valued at approximately $25,000. Robinswood Financial LLC bought a new stake in shares of PayPal during the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted 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 during the period. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of PayPal in the second quarter valued at approximately $27,000. Institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other PayPal news, 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 sale, the insider directly owned 30,983 shares in the company, valued at $1,888,723.68. This trade represents a 11.84% decrease in their ownership of the stock. The sale 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, 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 completion of the transaction, the chief accounting officer directly owned 2,216 shares in the company, valued at $128,749.60. This represents a 37.63% 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 have sold a total of 14,774 shares of company stock valued at $738,249 in the last 90 days. Insiders own 0.63% of the company’s stock.

PayPal Trading Down 0.7%

PYPL opened at $61.81 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. The firm has a market cap 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 Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.21. The stock has a fifty day moving average price of $53.28 and a 200-day moving average price of $47.92.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data 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 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 last year, the company earned $1.40 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.

PayPal Dividend Announcement

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

Analysts Set New Price Targets

PYPL has been the topic of several research reports. Daiwa Securities Group upgraded PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded PayPal from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Cantor Fitzgerald increased their price target on PayPal from $54.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Royal Bank Of Canada raised their price target on PayPal from $59.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Telsey Advisory Group downgraded PayPal to a “market perform” rating in a report on Friday, July 24th. Nine equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.