Callan Family Office LLC Purchases Shares of 18,926 PayPal Holdings, Inc. $PYPL

Callan Family Office LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,926 shares of the credit services provider’s stock, valued at approximately $817,000.

Several other institutional investors have also recently bought and sold shares of the stock. Manhattan West Asset Management LLC acquired a new stake in PayPal in the second quarter worth about $570,000. Cauble & Harre Wealth Management Inc. bought a new stake in PayPal in the second quarter valued at approximately $1,083,000. Keebeck Wealth Management bought a new stake in shares of PayPal in the 2nd quarter valued at $221,000. Green Alpha Advisors LLC acquired a new stake in shares of PayPal during the second quarter worth about $568,000. Finally, Paralel Advisors LLC raised its holdings in PayPal by 1.9% during the 2nd quarter. Paralel Advisors LLC now owns 551,070 shares of the credit services provider’s stock worth $23,795,000 after buying an additional 10,075 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.2%

Shares of NASDAQ PYPL opened at $61.68 on Tuesday. The stock has a market cap of $52.76 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.21. The firm has a 50 day moving average price of $52.51 and a two-hundred day moving average price of $47.62.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. The company had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. PayPal’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 earnings per share. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 0.9%. PayPal’s payout ratio is 10.59%.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total value of $253,715.52. Following the completion of the sale, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,888,723.68. This represents a 11.84% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 732 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $42,529.20. Following the completion of the sale, the insider owned 41,567 shares of the company’s stock, valued at approximately $2,415,042.70. This trade represents a 1.73% 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. In the last ninety days, insiders sold 14,774 shares of company stock valued at $738,249. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on PayPal from $46.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Mizuho lifted their price target on PayPal from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $45.00 price objective on shares of PayPal in a research report on Wednesday, July 29th. BTIG Research restated a “neutral” rating on shares of PayPal in a report on Wednesday, July 15th. Finally, BNP Paribas Exane upped their price target on shares of PayPal from $43.50 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $56.28.

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.