Procyon Advisors LLC Purchases 18,609 Shares of PayPal Holdings, Inc. $PYPL

Procyon Advisors LLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 70.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,870 shares of the credit services provider’s stock after purchasing an additional 18,609 shares during the quarter. Procyon Advisors LLC’s holdings in PayPal were worth $2,029,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after acquiring an additional 5,534,462 shares during the period. Rule One Partners LLC acquired a new stake in PayPal in the 4th quarter worth about $2,043,000. Step Capital Management Pte. Ltd. bought a new stake in PayPal in the 4th quarter valued at about $6,130,000. Easterly Investment Partners LLC grew its position in shares of PayPal by 705.2% during the 4th quarter. Easterly Investment Partners LLC now owns 100,651 shares of the credit services provider’s stock worth $5,876,000 after purchasing an additional 88,151 shares in the last quarter. Finally, Greenwich Wealth Management LLC grew its position in shares of PayPal by 61.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 125,830 shares of the credit services provider’s stock worth $7,346,000 after purchasing an additional 47,653 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Key PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal joined the European Payments Council, a strategically important move that could expand its influence in European payment infrastructure and support long-term growth. PayPal Joins the European Payments Council
• Positive Sentiment: Options activity was unusually bullish, with investors buying 109,935 call contracts, 37% above typical volume, which can signal expectations for additional near-term gains.
• Neutral Sentiment: PayPal’s continued capital returns and recent Russell index reconstitution may be supporting technical buying, but these are more flow-driven than fundamental catalysts. PayPal quarterly materials
• Negative Sentiment: Despite the recent rebound, PayPal still faces a mixed longer-term investor backdrop, including prior concerns about growth quality and margin pressure mentioned in recent coverage.

Insider Activity

In other news, insider Frank Keller sold 10,732 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the completion of the transaction, the insider owned 41,567 shares of the company’s stock, valued at approximately $2,076,687.32. The trade was a 20.52% 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, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total value of $66,128.02. Following the sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at approximately $78,443.56. This represents a 45.74% 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. In the last quarter, insiders have sold 20,612 shares of company stock worth $966,623. Insiders own 0.63% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $47.65 on Tuesday. 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 company has a market cap of $42.03 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.16 and a beta of 1.33. The company has a 50 day moving average of $43.96 and a 200-day moving average of $47.31. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.50.

PayPal (NASDAQ:PYPL) 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 business had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same period last year, the firm posted $1.33 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.32 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were paid a $0.14 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. PayPal’s dividend payout ratio (DPR) is presently 10.51%.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of analyst reports. BNP Paribas Exane lifted their price target on shares of PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a research report on Friday, April 10th. Barclays began coverage on PayPal in a research report on Tuesday, July 7th. They set an “underweight” rating and a $42.00 price target on the stock. Piper Sandler lowered their price objective on PayPal from $46.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PayPal in a report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $59.00 target price on shares of PayPal in a research report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.91.

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.