Platform Wealth Management LLC purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) in the 4th quarter, Holdings Channel reports. The fund purchased 24,948 shares of the credit services provider’s stock, valued at approximately $1,456,000.
Several other institutional investors have also recently added to or reduced their stakes in PYPL. Kelleher Financial Advisors bought a new position in PayPal during the 3rd quarter valued at about $30,000. Torren Management LLC bought a new position in shares of PayPal in the fourth quarter worth about $31,000. Private Wealth Asset Management LLC raised its stake in shares of PayPal by 8,700.0% in the fourth quarter. Private Wealth Asset Management LLC now owns 528 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 522 shares during the last quarter. Strategic Advocates LLC bought a new position in shares of PayPal in the third quarter worth about $38,000. Finally, Steph & Co. raised its stake in shares of PayPal by 103.1% in the fourth quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 333 shares during the last quarter. 68.32% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on PYPL. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. Raymond James Financial reaffirmed a “market perform” rating on shares of PayPal in a research note on Monday, February 23rd. Argus dropped their target price on shares of PayPal from $87.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, Morgan Stanley dropped their target price on shares of PayPal from $50.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus target price of $55.85.
Insider Buying and Selling
In related news, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the completion of the transaction, the chief accounting officer owned 1,586 shares in the company, valued at approximately $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the completion of the sale, the insider owned 41,567 shares in the company, valued at approximately $2,076,687.32. This trade represents a 20.52% 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. 0.63% of the stock is currently owned by insiders.
PayPal Stock Down 4.3%
Shares of NASDAQ:PYPL opened at $42.61 on Thursday. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50. The company has a 50 day moving average of $46.30 and a 200-day moving average of $50.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $37.59 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 1.11 and a beta of 1.34.
PayPal (NASDAQ:PYPL – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS 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 during the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter in the previous year, the company earned $1.33 EPS. PayPal’s revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.
PayPal Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. PayPal’s payout ratio is currently 10.51%.
PayPal News Roundup
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: PayPal is pushing deeper into AI-driven commerce through a new partnership with Hey Savi and Debenhams Group, positioning its payments tools inside an “agentic commerce” shopping experience that could help support future transaction volume. PayPal Bets On AI Agentic Commerce With Hey Savi And Debenhams
- Positive Sentiment: Some analysts and commentators are arguing PayPal may be undervalued after the selloff, with bullish takes highlighting the stock’s low earnings multiple and potential upside if the company’s operational reset succeeds. Is PayPal the Ultimate Asymmetric Fintech Bet at 8x Earnings?
- Neutral Sentiment: PayPal remains a heavily watched stock, with investor attention elevated and some recent coverage pointing to a possible turnaround if management can execute its reset. Investors Heavily Search PayPal Holdings, Inc. (PYPL): Here is What You Need to Know
- Neutral Sentiment: Michael Burry’s reported interest in PayPal has added to the debate around the stock, but it is more a sentiment signal than a direct business catalyst. Michael Burry Bets On PayPal Stock As It Trades Over 80% Down From 2021 Highs
- Negative Sentiment: Reports that PayPal froze Kenyan accounts over money-laundering concerns could hurt perception of the platform, especially in international markets where trust and access are critical. PayPal (PYPL) Locks Kenyans Out of Their Accounts Over Money Laundering Fears
- Negative Sentiment: Investor focus is still on leadership changes, margin pressure, and execution risk in PayPal’s operating reset, which helps explain the stock’s recent weakness. PayPal slides 4.3% as investors weigh leadership shakeup and ongoing margin concerns
- Negative Sentiment: PayPal is also being compared unfavorably with peers and the broader financial services sector, reflecting cautious analyst sentiment and uncertainty about near-term upside. PayPal Stock: Is PYPL Underperforming the Financial Services Sector?
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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Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report).
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