Concurrent Investment Advisors LLC Has $1.17 Million Stake in PayPal Holdings, Inc. $PYPL

Concurrent Investment Advisors LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 53.4% in the second quarter, HoldingsChannel.com reports. The fund owned 27,192 shares of the credit services provider’s stock after buying an additional 9,464 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in PayPal were worth $1,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bard Associates Inc. bought a new stake in PayPal during the 4th quarter worth approximately $25,000. Allied Private Wealth LLC acquired a new position in PayPal in the second quarter worth $25,000. Robinswood Financial LLC acquired a new position in PayPal in the first quarter worth $26,000. Caitong International Asset Management Co. Ltd boosted its stake in 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 worth $27,000 after purchasing an additional 457 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of PayPal during the second quarter worth $27,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of PYPL stock opened at $53.31 on Friday. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.21. The stock has a market cap of $45.60 billion, a PE ratio of 10.08, a PEG ratio of 1.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s 50 day moving average price is $55.78 and its two-hundred day moving average price is $48.99.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. The company had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. PayPal’s dividend payout ratio (DPR) is 10.59%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Piper Sandler raised their target price on PayPal from $42.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 17th. Argus set a $70.00 price target on shares of PayPal in a research report on Wednesday, July 29th. UBS Group set a $45.00 price objective on shares of PayPal in a report on Wednesday, July 29th. BNP Paribas Exane raised their price objective on shares of PayPal from $43.50 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Finally, The Goldman Sachs Group set a $50.00 target price on shares of PayPal in a research note on Tuesday, July 28th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $56.03.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal, M0 and MoonPay launched PYUSDx, a developer platform that allows businesses to create financial products and customized digital-dollar offerings using PayPal’s PYUSD stablecoin. Three projects have already processed more than $100 million, offering a potential new source of payments and stablecoin-related growth. PayPal Debuts Developer Platform Tied to PYUSD Stablecoin
• Positive Sentiment: CEO Enrique Lores defended keeping PayPal as one company rather than splitting it up, while outlining three focused business lines. The plan includes greater emphasis on Venmo and Braintree growth and approximately $1.5 billion in cost savings, which could improve efficiency and margins. PayPal CEO Reveals Business Model Shift
• Positive Sentiment: PayPal’s latest quarterly results exceeded expectations, with $1.38 in earnings per share and $8.68 billion in revenue. Combined with stablecoin expansion and a low P/E ratio, these factors support the view that the shares may have recovery potential.
• Neutral Sentiment: Lores said PayPal is keeping its options open amid buyout speculation, but he pushed back against selling the company cheaply. The comments may revive takeover interest, although no transaction has been announced. PayPal Keeping Options Open Amid Buyout Rumors
• Neutral Sentiment: Chief Accounting Officer Chris Natali sold 552 shares under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled transaction is a limited signal about management’s current outlook.
• Negative Sentiment: Analysts and commentators continue to warn that PayPal faces formidable competition, slowing growth and execution challenges. The stock remains roughly 30% below its 52-week high, leaving investors focused on whether the turnaround can produce sustained transaction and user growth. Is PayPal Stock a Buy, Sell, or Hold

Insider Buying and Selling

In other PayPal news, insider Frank Keller sold 4,612 shares of PayPal stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $55.43, for a total transaction of $255,643.16. Following the transaction, the insider directly owned 41,567 shares in the company, valued at approximately $2,304,058.81. The trade was a 9.99% decrease in their ownership of the stock. The transaction 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, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total value of $77,679.70. Following the completion of the transaction, the chief accounting officer owned 2,216 shares of the company’s stock, 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 14,774 shares of company stock valued at $848,095 in the last 90 days. 0.63% of the stock is owned by insiders.

PayPal Company Profile

PayPal Holdings, Inc is a digital payments and financial technology company that operates a global platform for consumers and businesses. Its services enable customers to send and receive money, make purchases online and in stores, and accept payments through digital checkout solutions. PayPal supports transactions using linked bank accounts, debit and credit cards, stored balances and other payment methods.

The company’s consumer and merchant offerings include the PayPal wallet, PayPal Checkout, PayPal Zettle point-of-sale tools, PayPal Braintree payment processing and PayPal Complete Payments.