PensionDanmark Pensionsforsikringsaktieselskab Raises Stake in PayPal Holdings, Inc. $PYPL

PensionDanmark Pensionsforsikringsaktieselskab boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 139,120 shares of the credit services provider’s stock after acquiring an additional 13,900 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in PayPal were worth $6,007,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PYPL. Maia Wealth LLC raised its holdings in shares of 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 purchasing an additional 155 shares in the last quarter. GeoWealth Management LLC grew its stake in shares of PayPal by 6.2% during the third quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock worth $216,000 after purchasing an additional 188 shares in the last quarter. Formidable Asset Management LLC grew its stake in shares of PayPal by 0.8% during the first quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider’s stock worth $1,173,000 after purchasing an additional 205 shares in the last quarter. KPP Advisory Services LLC increased its holdings in 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 buying an additional 214 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC increased its holdings in 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 buying an additional 238 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PYPL. Clear Str upgraded PayPal to a “hold” rating in a research note on Thursday, July 16th. Robert W. Baird upped their price objective on PayPal from $50.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Zacks Research raised PayPal from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Bank of America decreased their target price on PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, Morgan Stanley set a $45.00 price target on PayPal in a report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.72.

Insider Activity

In related news, insider Frank Keller sold 4,612 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total transaction of $196,194.48. Following the completion of the sale, the insider owned 41,567 shares in the company, valued at $1,768,260.18. This represents a 9.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $77,679.70. Following the transaction, the chief accounting officer directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,612 shares of company stock valued at $484,534 in the last ninety days. 0.63% of the stock is currently owned by company insiders.

Key PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal continues to screen as a value opportunity after its substantial multiyear decline. Analysts point to relatively attractive valuation metrics, earnings performance above consensus, and ongoing cost-efficiency and turnaround efforts as potential catalysts. Here’s Why PayPal Is a Strong Value Stock
• Positive Sentiment: PayPal was highlighted in a payments-industry outlook alongside Visa, Mastercard, Fidelity and WEX, keeping attention on the company’s potential relative value and competitive position. Zacks Industry Outlook: Visa, Mastercard, PayPal, Fidelity and WEX
• Positive Sentiment: An analyst upgrade provided additional support for PayPal’s investment case, reinforcing the view that the shares may be undervalued following their long-term decline. PayPal Trading Up After Analyst Upgrade
• Neutral Sentiment: Activist investor Carl Icahn is urging eBay to overhaul its board and spin off PayPal, citing governance concerns and potential conflicts. A separation could increase PayPal’s strategic independence, but the proposal remains uncertain and primarily targets eBay. What Does eBay Face After Carl Icahn Demands a Board Overhaul?
• Negative Sentiment: PayPal’s shares remain below the $60.50 bid previously rejected by its board, signaling that investors are skeptical a transaction will materialize or that the company can justify a higher valuation without further operational proof. PayPal Still Trades Below the $60.50 Bid Its Board Turned Down
• Negative Sentiment: Although PayPal appears inexpensive on earnings, analysts also flag weaker growth, leaving investors dependent on successful execution of the turnaround and cost-cutting plans. PayPal Stock Looks Undervalued on Earnings but Weaker on Growth

PayPal Stock Performance

Shares of PYPL stock opened at $59.07 on Friday. The stock’s 50-day moving average is $48.47 and its two-hundred day moving average is $47.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.21. The firm has a market cap of $50.53 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.44 and a beta of 1.30.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The firm had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. Analysts predict that PayPal Holdings, Inc. will post 5.37 earnings per share for the current year.

PayPal Announces Dividend

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 given a dividend of $0.14 per share. 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 (DPR) is 10.59%.

PayPal Company 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.