Titan Investment Management LLC Invests $1.35 Million in PayPal Holdings, Inc. $PYPL

Titan Investment Management LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 23,081 shares of the credit services provider’s stock, valued at approximately $1,347,000.

Other institutional investors have also made changes to their positions in the company. Bard Associates Inc. acquired a new position in shares of PayPal in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd raised its stake in PayPal by 15,233.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 457 shares during the period. Safe Harbor Fiduciary LLC bought a new position in PayPal in the fourth quarter worth about $28,000. Kelleher Financial Advisors bought a new position in PayPal in the third quarter worth about $30,000. Finally, Advocate Investing Services LLC acquired a new position in PayPal in the fourth quarter valued at approximately $30,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on PYPL shares. Truist Financial dropped their target price on PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Bank of America lowered their price target on PayPal from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Mizuho restated a “neutral” rating and issued a $50.00 price objective (down from $60.00) on shares of PayPal in a report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.85.

Read Our Latest Report on PYPL

PayPal Price Performance

Shares of PayPal stock opened at $42.51 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $45.65 and a 200-day simple moving average of $49.31. The stock has a market capitalization of $37.50 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.05 and a beta of 1.34. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The company had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter in the prior year, the company posted $1.33 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total transaction of $144,587.41. Following the sale, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,325,762.57. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total value of $536,170.72. Following the completion of the sale, the insider owned 41,567 shares in the company, valued at approximately $2,076,687.32. This represents a 20.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,612 shares of company stock worth $966,623 over the last quarter. Company insiders own 0.63% of the company’s stock.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

About PayPal

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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