WNY Asset Management LLC Takes Position in PayPal Holdings, Inc. $PYPL

WNY Asset Management LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,285 shares of the credit services provider’s stock, valued at approximately $401,000.

Several other hedge funds have also added to or reduced their stakes in the business. Bard Associates Inc. bought a new stake in shares of PayPal in the fourth quarter worth about $25,000. Kelleher Financial Advisors acquired a new stake in shares of PayPal during the third quarter worth about $30,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of PayPal by 15,233.3% during 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 purchasing an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of PayPal during the 4th quarter valued at about $28,000. Finally, Advocate Investing Services LLC bought a new position in shares of PayPal during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity at PayPal

In related news, insider Frank Keller sold 4,612 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total value of $196,194.48. Following the completion of the transaction, the insider owned 41,567 shares of the company’s stock, valued at approximately $1,768,260.18. This trade represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $77,679.70. Following the completion of the sale, the chief accounting officer owned 2,216 shares in the company, valued at $128,749.60. The trade was 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. Over the last 90 days, insiders sold 14,774 shares of company stock valued at $738,249. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PYPL. Telsey Advisory Group cut PayPal to a “market perform” rating in a research note on Friday, July 24th. Royal Bank Of Canada lifted their price target on shares of PayPal from $59.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Wednesday, July 15th. Morgan Stanley set a $45.00 price objective on shares of PayPal in a research report on Wednesday, July 29th. Finally, Mizuho raised their price objective on shares of PayPal from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Nine research 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $56.28.

PayPal Trading Down 0.6%

NASDAQ PYPL opened at $61.47 on Friday. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.21. 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’s 50 day moving average price is $53.66 and its two-hundred day moving average price is $48.07. The stock has a market capitalization of $52.59 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.51 and a beta of 1.30.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping 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 company had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same period last year, the business earned $1.40 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors 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 annualized dividend and a yield of 0.9%. PayPal’s dividend payout ratio is presently 10.59%.

More PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal’s expansion into tuition payments could support future growth. Integrations with Nelnet Campus Commerce, Illumia and TouchNet allow students and families to use PayPal and Venmo for tuition-related payments, broadening Venmo’s commercial use. PayPal Holdings Tuition Payment Push
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings per share of $1.38 versus consensus of $1.28 and revenue of approximately $8.68 billion versus estimates of $8.47 billion. Total payment volume reportedly increased 10% year over year, while analysts have raised some price targets and investors continue to view the new CEO transition as a possible turnaround opportunity. Why Is PayPal Up Since Earnings
• Neutral Sentiment: Recent momentum had been strong, with PayPal gaining about 10% over the past month and 39% over three months, although its one-year total return remained negative. The stock’s valuation—roughly 12 times earnings—may attract value investors, but reported analyst targets vary widely and several remain below the current trading level. PayPal Opinions on Earnings and Acquisition Speculation
• Negative Sentiment: The reported collapse of the Advent-Stripe discussions eliminates hopes for a deal premium. The consortium had previously been linked to an offer of at least $60.50 per share, with negotiations reportedly focused on a higher bid. Without that proposal, investors may refocus on PayPal’s slower revenue growth and execution risks. Advent Stripe Consortium Drops PayPal Pursuit

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.