Callan Family Office LLC Takes Position in PayPal Holdings, Inc. $PYPL

Key Points

• Callan Family Office LLC initiated a PayPal position by purchasing 18,926 shares worth approximately $817,000 in the second quarter. Other institutions also added shares, with institutional investors owning 68.32% of PayPal.
• PayPal reported quarterly adjusted earnings of $1.38 per share and revenue of $8.68 billion, exceeding analyst expectations; revenue increased 4.8% year over year.
• The company declared a quarterly dividend of $0.14 per share, equal to an annualized $0.56 dividend and a 0.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $56.28, while insiders have recently sold shares under pre-arranged trading plans.

Callan Family Office LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,926 shares of the credit services provider's stock, valued at approximately $817,000.

Several other large investors also recently bought and sold shares of PYPL. Manhattan West Asset Management LLC acquired a new stake in PayPal during the 2nd quarter worth $570,000. Cauble & Harre Wealth Management Inc. purchased a new stake in PayPal in the 2nd quarter valued at approximately $1,083,000. Keebeck Wealth Management acquired a new position in PayPal during the second quarter worth $221,000. Green Alpha Advisors LLC acquired a new position in shares of PayPal during the 2nd quarter worth $568,000. Finally, Paralel Advisors LLC grew its position in PayPal by 1.9% during the second 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. Hedge funds and other 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 company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. The company has a market cap of $52.76 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.29. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.21. The stock's 50 day simple moving average is $52.51 and its 200 day simple moving average is $47.62.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The business's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 earnings per share. Equities research analysts expect 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.9%. PayPal's payout ratio is currently 10.59%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Piper Sandler raised their target price on shares of PayPal from $42.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, August 17th. TD Cowen upped their target price on PayPal from $48.00 to $59.00 and gave the company a "hold" rating in a research note on Wednesday, July 29th. Citigroup increased their price target on shares of PayPal from $48.00 to $61.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Cantor Fitzgerald lifted their price objective on PayPal from $54.00 to $60.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $56.28.

Insider Buying and Selling at PayPal

In related news, CAO Chris Natali sold 1,337 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total value of $77,679.70. Following the completion of the sale, the chief accounting officer directly owned 2,216 shares of the company's stock, valued at approximately $128,749.60. This represents a 37.63% decrease in their position. The sale was disclosed in a legal 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, insider Frank Keller sold 732 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was 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. The trade was a 1.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,774 shares of company stock valued at $738,249 in the last three months. 0.63% of the stock is currently owned by company insiders.

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.

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