Cullinan Associates Inc. Buys 17,007 Shares of PayPal Holdings, Inc. $PYPL

Cullinan Associates Inc. increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,820 shares of the credit services provider’s stock after purchasing an additional 17,007 shares during the period. Cullinan Associates Inc.’s holdings in PayPal were worth $5,012,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bard Associates Inc. purchased a new stake in shares of PayPal in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 valued at $27,000 after purchasing an additional 457 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of PayPal during the 4th quarter valued at $28,000. Kelleher Financial Advisors bought a new position in PayPal in the third quarter valued at about $30,000. Finally, Advocate Investing Services LLC purchased a new position in shares of PayPal in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 3,379 shares of the business’s 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 transaction, the insider 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the stock in a transaction on Wednesday, June 3rd. The shares were 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 in the company, valued at $1,768,260.18. The trade was a 9.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,612 shares of company stock worth $966,623 over the last ninety days. Company insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PYPL. Bank of America lowered their target price on PayPal from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. UBS Group increased their target price on PayPal from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Daiwa Securities Group upgraded shares of PayPal from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 6th. BNP Paribas Exane boosted their target price on PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Finally, Piper Sandler dropped their price target on PayPal from $46.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Seven analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.91.

PayPal Price Performance

PYPL stock traded up $1.00 during trading on Friday, hitting $46.32. 10,627,517 shares of the company’s stock traded hands, compared to its average volume of 14,801,931. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The business has a fifty day simple moving average of $44.01 and a 200 day simple moving average of $47.48. The stock has a market capitalization of $40.86 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 1.15 and a beta of 1.33.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The firm had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.32 EPS for the current fiscal year.

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. PayPal’s payout ratio is presently 10.51%.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Analysts say PayPal still has support from rising payment volumes, Venmo growth, and ongoing technology upgrades, which could help long-term earnings and transaction growth. Is PYPL Stock Worth Retaining in Your Portfolio for the Long Run?
• Positive Sentiment: PayPal’s PYUSD stablecoin launching natively on Polygon is boosting interest in the company’s digital assets strategy and could strengthen its payments ecosystem over time. PayPal boosts its stablecoin as banks prepare to launch a shared one
• Neutral Sentiment: Several articles note conflicting analyst views on PayPal, suggesting the stock still has divided Wall Street support rather than a clear consensus. Analysts Have Conflicting Sentiments on These Financial Companies: American Express (AXP), Robinhood (HOOD) and PayPal Holdings (PYPL)
• Neutral Sentiment: PayPal is still being viewed as a value stock by some investors, but commentary suggests the turnaround is not complete and the market remains cautious on execution. 2 Value Stocks for Long-Term Investors and 1 We Avoid
• Negative Sentiment: Barclays reportedly upgraded PayPal to “strong sell,” reinforcing concerns about near-term pressure and helping explain the stock’s weaker performance trend. Zacks.com
• Negative Sentiment: TipRanks noted PayPal is down nearly 22% year to date, reflecting investor skepticism about the pace of its turnaround and ongoing competitive/macro risks. PayPal (PYPL) Stock Is Down 22% YTD; Let’s Look at Who Owns the Stock?

About PayPal

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.