Rare Wolf Capital LLC Makes New Investment in PayPal Holdings, Inc. $PYPL

Rare Wolf Capital LLC purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,151 shares of the credit services provider’s stock, valued at approximately $826,000.

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

Insider Activity

In related news, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total transaction of $66,128.02. Following the transaction, the chief accounting officer directly owned 1,586 shares in the company, valued at approximately $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 PayPal 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 transaction, the insider owned 41,567 shares in the company, valued at $1,768,260.18. This trade represents a 9.99% 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 valued at $966,623 in the last 90 days. Company insiders own 0.63% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $42.51 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $37.50 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 1.05 and a beta of 1.34. The firm’s 50 day moving average price is $45.65 and its 200-day moving average price is $49.31. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $8.05 billion. During the same period in the previous year, the business posted $1.33 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings, Inc. will post 5.3 EPS for the current year.

PayPal Dividend Announcement

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

Wall Street Analyst Weigh In

PYPL has been the topic of a number of research analyst reports. Daiwa Securities Group upgraded shares of PayPal from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 6th. Wolfe Research reaffirmed a “sell” rating on shares of PayPal in a research report on Monday, February 23rd. BNP Paribas Exane lifted their target price on shares of PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a research report on Friday, April 10th. The Goldman Sachs Group decreased their target price on shares of PayPal from $41.00 to $40.00 in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on PayPal from $50.00 to $45.00 in a report 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.85.

Check Out Our Latest Stock Report on PYPL

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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.

Further Reading

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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