Centaurus Financial Inc. Purchases Shares of 36,977 PayPal Holdings, Inc. $PYPL

Centaurus Financial Inc. acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,977 shares of the credit services provider’s stock, valued at approximately $1,597,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in PayPal during the second quarter worth approximately $3,236,989,000. Bank of America Corp DE lifted its position in shares of PayPal by 67.9% in the first quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock valued at $1,158,554,000 after buying an additional 10,356,256 shares during the last quarter. Norges Bank bought a new position in shares of PayPal during the 4th quarter worth approximately $949,758,000. Amundi increased its holdings in shares of PayPal by 227.6% during the 1st quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock worth $624,364,000 after acquiring an additional 9,590,488 shares during the last quarter. Finally, Invesco Ltd. raised its stake in PayPal by 9.7% in the 4th quarter. Invesco Ltd. now owns 12,215,792 shares of the credit services provider’s stock valued at $713,158,000 after acquiring an additional 1,083,843 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 0.6%

PYPL opened at $61.47 on Friday. The stock has a market capitalization of $52.59 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 1.51 and a beta of 1.30. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.55. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.21. The company has a 50-day simple moving average of $53.66 and a 200 day simple moving average of $48.07.

PayPal (NASDAQ:PYPL) last released 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. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The firm had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same period last year, the firm earned $1.40 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Announces Dividend

The company also recently disclosed 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 0.9%. The ex-dividend date is Friday, September 4th. PayPal’s payout ratio is currently 10.59%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PYPL. Wells Fargo & Company raised their price target on PayPal from $48.00 to $56.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of PayPal from $46.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. TD Cowen raised their target price on shares of PayPal from $48.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Jefferies Financial Group raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, July 28th. Finally, BNP Paribas Exane upped their price target on shares of PayPal from $43.50 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.28.

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the sale, 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 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 sold a total of 14,774 shares of company stock worth $738,249 over the last three months. Corporate insiders own 0.63% of the company’s stock.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal’s expansion into tuition payments could support future growth. Integrations with Nelnet Campus Commerce, Illumia and TouchNet allow students and families to use PayPal and Venmo for tuition-related payments, broadening Venmo’s commercial use. PayPal Holdings Tuition Payment Push
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings per share of $1.38 versus consensus of $1.28 and revenue of approximately $8.68 billion versus estimates of $8.47 billion. Total payment volume reportedly increased 10% year over year, while analysts have raised some price targets and investors continue to view the new CEO transition as a possible turnaround opportunity. Why Is PayPal Up Since Earnings
• Neutral Sentiment: Recent momentum had been strong, with PayPal gaining about 10% over the past month and 39% over three months, although its one-year total return remained negative. The stock’s valuation—roughly 12 times earnings—may attract value investors, but reported analyst targets vary widely and several remain below the current trading level. PayPal Opinions on Earnings and Acquisition Speculation
• Negative Sentiment: The reported collapse of the Advent-Stripe discussions eliminates hopes for a deal premium. The consortium had previously been linked to an offer of at least $60.50 per share, with negotiations reportedly focused on a higher bid. Without that proposal, investors may refocus on PayPal’s slower revenue growth and execution risks. Advent Stripe Consortium Drops PayPal Pursuit

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.