Koss Olinger Consulting LLC Raises Stake in PayPal Holdings, Inc. $PYPL

Koss Olinger Consulting LLC increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 32.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,293 shares of the credit services provider’s stock after buying an additional 9,538 shares during the period. Koss Olinger Consulting LLC’s holdings in PayPal were worth $1,777,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. S&CO Inc. increased its stake in PayPal by 28.8% in the first quarter. S&CO Inc. now owns 445,270 shares of the credit services provider’s stock valued at $20,139,000 after purchasing an additional 99,615 shares during the last quarter. SEB Asset Management AB acquired a new stake in PayPal in the 1st quarter worth about $8,423,000. Swiss National Bank grew its holdings in PayPal by 4.9% in the 1st quarter. Swiss National Bank now owns 2,608,600 shares of the credit services provider’s stock valued at $117,987,000 after buying an additional 121,400 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in PayPal by 24.4% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 14,541 shares of the credit services provider’s stock valued at $658,000 after buying an additional 2,854 shares during the period. Finally, GatePass Capital LLC increased its stake in shares of PayPal by 464.2% during the 1st quarter. GatePass Capital LLC now owns 20,283 shares of the credit services provider’s stock valued at $917,000 after acquiring an additional 16,688 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $56.56 on Monday. The firm has a market capitalization of $49.89 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.41 and a beta of 1.33. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50-day simple moving average is $44.60 and its 200-day simple moving average is $47.14.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter in the prior year, the company earned $1.33 EPS. The company’s revenue was up 7.2% on a year-over-year basis. Equities analysts predict that PayPal Holdings, Inc. will post 5.32 EPS for the current year.

PayPal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. PayPal’s dividend payout ratio is presently 10.51%.

Insider Activity

In related news, insider Frank Keller sold 10,732 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total value of $536,170.72. Following the completion of the sale, the insider directly owned 41,567 shares in the company, valued at approximately $2,076,687.32. This represents a 20.52% decrease in their position. The sale 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, CAO Chris Natali sold 1,337 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the transaction, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. This trade 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 90 days, insiders have sold 20,612 shares of company stock valued at $966,623. Company insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PYPL. Mizuho reissued a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of PayPal in a research report on Thursday, April 16th. Piper Sandler dropped their price target on shares of PayPal from $46.00 to $42.00 and set a “neutral” rating for the company in a research report on Monday, June 29th. Canaccord Genuity Group increased their price target on shares of PayPal from $42.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday. Bank of America decreased their price target on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, BMO Capital Markets assumed coverage on shares of PayPal in a report on Tuesday, April 21st. They issued a “market perform” rating and a $52.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $54.61.

More PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: The reported takeover interest from Stripe and Advent has fueled speculation that PayPal could be worth more than the current offer, with several analysts and investors arguing the bid is too low. Reuters: PayPal board sees Stripe-Advent offer as inadequate, sources say
• Positive Sentiment: Some market commentary suggests the bid could force a higher valuation for PYPL, potentially supporting further upside if negotiations continue or a competing offer emerges. Yahoo Finance: Cantor sees potential for higher PayPal offer as analysis suggests $70/share value
• Neutral Sentiment: PayPal’s board has reportedly not formally responded yet, so the deal is still early-stage and subject to negotiation, financing, and regulatory risk. Yahoo Finance weekly review
• Negative Sentiment: The board is said to view the $53 billion proposal as inadequate, which could mean a longer path to any deal or no deal at all if a higher price does not materialize. PYMNTS: PayPal Board Calls $53 Billion Stripe-Advent Bid Inadequate

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.