Cullinan Associates Inc. Purchases 17,007 Shares of PayPal Holdings, Inc. $PYPL

Cullinan Associates Inc. raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,820 shares of the credit services provider’s stock after buying an additional 17,007 shares during the quarter. Cullinan Associates Inc.’s holdings in PayPal were worth $5,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bard Associates Inc. bought a new position in PayPal in the fourth quarter valued at about $25,000. Kelleher Financial Advisors bought a new position in shares of PayPal during the third quarter valued at $30,000. Caitong International Asset Management Co. Ltd grew its stake in shares of PayPal by 15,233.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 457 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in PayPal during the 4th quarter worth $28,000. Finally, Advocate Investing Services LLC bought a new stake in shares of PayPal in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL stock traded up $1.00 on Friday, reaching $46.32. The company’s stock had a trading volume of 10,627,517 shares, compared to its average volume of 14,801,931. The company has a market capitalization of $40.86 billion, a P/E ratio of 8.69, a PEG ratio of 1.15 and a beta of 1.33. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The stock’s 50 day simple moving average is $44.01 and its 200-day simple moving average is $47.48. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The company had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same period in the prior year, the business earned $1.33 earnings per share. PayPal’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.32 earnings per share for the current fiscal year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 4th. PayPal’s dividend payout ratio is presently 10.51%.

Wall Street Analyst Weigh In

PYPL has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a report on Friday, May 8th. Bank of America dropped their price objective on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Daiwa Securities Group upgraded PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $59.00 target price on shares of PayPal in a research note on Wednesday, May 6th. Finally, UBS Group boosted their target price on PayPal from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $53.91.

Insider Buying and Selling at PayPal

In other PayPal news, insider Frank Keller sold 10,732 shares of PayPal stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total transaction of $536,170.72. Following the transaction, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $2,076,687.32. This trade represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total transaction of $144,587.41. Following the completion of the sale, the insider directly owned 30,983 shares of the company’s stock, valued at $1,325,762.57. This represents a 9.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,612 shares of company stock worth $966,623 over the last ninety days. Insiders own 0.63% of the company’s stock.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Analysts say PayPal still has support from rising payment volumes, Venmo growth, and ongoing technology upgrades, which could help long-term earnings and transaction growth. Is PYPL Stock Worth Retaining in Your Portfolio for the Long Run?
• Positive Sentiment: PayPal’s PYUSD stablecoin launching natively on Polygon is boosting interest in the company’s digital assets strategy and could strengthen its payments ecosystem over time. PayPal boosts its stablecoin as banks prepare to launch a shared one
• Neutral Sentiment: Several articles note conflicting analyst views on PayPal, suggesting the stock still has divided Wall Street support rather than a clear consensus. Analysts Have Conflicting Sentiments on These Financial Companies: American Express (AXP), Robinhood (HOOD) and PayPal Holdings (PYPL)
• Neutral Sentiment: PayPal is still being viewed as a value stock by some investors, but commentary suggests the turnaround is not complete and the market remains cautious on execution. 2 Value Stocks for Long-Term Investors and 1 We Avoid
• Negative Sentiment: Barclays reportedly upgraded PayPal to “strong sell,” reinforcing concerns about near-term pressure and helping explain the stock’s weaker performance trend. Zacks.com
• Negative Sentiment: TipRanks noted PayPal is down nearly 22% year to date, reflecting investor skepticism about the pace of its turnaround and ongoing competitive/macro risks. PayPal (PYPL) Stock Is Down 22% YTD; Let’s Look at Who Owns the Stock?

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.