Sanctuary Advisors LLC Makes New $1.84 Million Investment in PayPal Holdings, Inc. $PYPL

Key Points

• Sanctuary Advisors LLC acquired 42,702 PayPal shares during the second quarter, worth approximately $1.84 million. Institutional investors collectively own 68.32% of PayPal.
• PayPal exceeded quarterly expectations, reporting $1.38 in adjusted earnings per share versus the $1.28 consensus estimate and revenue of $8.68 billion, up 4.8% year over year.
• The stock opened at $61.81, while analysts maintained a consensus “Hold” rating with an average price target of $56.28; PayPal also announced a quarterly dividend of $0.14 per share.

Sanctuary Advisors LLC acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 42,702 shares of the credit services provider's stock, valued at approximately $1,844,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bard Associates Inc. purchased a new stake in PayPal during the 4th quarter valued at approximately $25,000. Allied Private Wealth LLC purchased a new position in PayPal during the second quarter valued at $25,000. Robinswood Financial LLC bought a new stake in PayPal in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased its holdings in PayPal by 15,233.3% in 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. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in PayPal in the 2nd quarter worth $27,000. 68.32% of the stock is currently owned by institutional investors.

Insider Transactions at PayPal

In related news, 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 value of $42,529.20. Following the sale, the insider directly owned 41,567 shares of the company's stock, valued at $2,415,042.70. This represents a 1.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the business's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total value of $77,679.70. Following the transaction, the chief accounting officer owned 2,216 shares of the company's stock, valued at $128,749.60. This trade represents a 37.63% 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 quarter, insiders sold 14,774 shares of company stock worth $738,249. 0.63% of the stock is currently owned by insiders.

PayPal Price Performance

Shares of PayPal stock opened at $61.81 on Thursday. The stock has a market cap of $52.88 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.52 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50 day moving average price of $53.28 and a 200-day moving average price of $47.92. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.21.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.PayPal's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. Equities analysts expect that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. PayPal's dividend payout ratio is currently 10.59%.

Analyst Ratings Changes

PYPL has been the topic of a number of research reports. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research note on Wednesday, July 15th. Weiss Ratings upgraded PayPal from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday. The Goldman Sachs Group set a $50.00 target price on shares of PayPal in a report on Tuesday, July 28th. Morgan Stanley set a $45.00 price target on shares of PayPal in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada increased their price objective on shares of PayPal from $59.00 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Nine investment 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.com, the company currently has a consensus rating of "Hold" and an average price target 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.

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