Palogic Value Management L.P. Takes Position in PayPal Holdings, Inc. $PYPL

Key Points

• Palogic Value Management acquired a new PayPal stake of 31,280 shares valued at approximately $1.35 million. Institutional investors collectively own 68.32% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $56.28; recent actions included upgrades from Susquehanna and HSBC alongside several neutral or hold ratings.
• PayPal beat quarterly estimates with adjusted EPS of $1.38 and revenue of $8.68 billion, while announcing a $0.14 quarterly dividend. Insiders sold 14,774 shares worth about $738,000 during the last quarter.

Palogic Value Management L.P. acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,280 shares of the credit services provider's stock, valued at approximately $1,351,000.

Several other institutional investors have also bought and sold shares of PYPL. Maia Wealth LLC grew its position in PayPal by 2.5% in the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider's stock valued at $424,000 after buying an additional 155 shares in the last quarter. GeoWealth Management LLC lifted its stake in shares of PayPal by 6.2% in the 3rd quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider's stock worth $216,000 after acquiring an additional 188 shares during the period. Formidable Asset Management LLC lifted its stake in shares of PayPal by 0.8% in the 1st quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider's stock worth $1,173,000 after acquiring an additional 205 shares during the period. KPP Advisory Services LLC boosted its holdings in shares of PayPal by 3.3% in the first quarter. KPP Advisory Services LLC now owns 6,625 shares of the credit services provider's stock valued at $300,000 after acquiring an additional 214 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC boosted its holdings in shares of PayPal by 3.5% in the first quarter. Jackson Thornton Wealth Management LLC now owns 7,110 shares of the credit services provider's stock valued at $322,000 after acquiring an additional 238 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BTIG Research reissued a "neutral" rating on shares of PayPal in a report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price objective on PayPal from $46.00 to $65.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Susquehanna raised their target price on PayPal from $63.00 to $67.00 and gave the company a "positive" rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $45.00 target price on shares of PayPal in a report on Wednesday, July 29th. Finally, HSBC began coverage on shares of PayPal in a research report on Friday, July 24th. They issued a "buy" rating on the stock. Nine analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $56.28.

Insider Activity

In related news, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total transaction of $253,715.52. Following the transaction, the insider directly owned 30,983 shares of the company's stock, valued at approximately $1,888,723.68. The trade was a 11.84% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,774 shares of company stock worth $738,249 over the last quarter. Corporate insiders own 0.63% of the company's stock.

PayPal Stock Down 0.7%

PYPL stock opened at $61.81 on Thursday. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.21. The company's 50 day simple moving average is $53.28 and its 200-day simple moving average is $47.92. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $52.88 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.52 and a beta of 1.30.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The firm's quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.14 dividend. 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 dividend payout ratio is presently 10.59%.

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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