King Luther Capital Management Corp decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 4.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 501,885 shares of the credit services provider’s stock after selling 23,315 shares during the period. King Luther Capital Management Corp’s holdings in PayPal were worth $29,300,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Kelleher Financial Advisors acquired a new position in PayPal during the 3rd quarter valued at about $30,000. Cloud Capital Management LLC acquired a new position in PayPal during the 3rd quarter valued at about $30,000. Torren Management LLC acquired a new position in PayPal during the 4th quarter valued at about $31,000. Strategic Advocates LLC acquired a new position in PayPal during the 3rd quarter valued at about $38,000. Finally, Steph & Co. increased its stake in PayPal by 103.1% during the 4th quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock valued at $38,000 after buying an additional 333 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.
Insiders Place Their Bets
In other PayPal news, EVP Frank Keller sold 29,581 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $1,361,317.62. Following the completion of the transaction, the executive vice president directly owned 51,567 shares in the company, valued at $2,373,113.34. This trade represents a 36.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Chris Natali sold 2,208 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total transaction of $98,763.84. Following the completion of the transaction, the chief accounting officer owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. The trade was a 65.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 57,373 shares of company stock worth $2,684,341 over the last ninety days. 0.63% of the stock is currently owned by company insiders.
Trending Headlines about PayPal
- Positive Sentiment: PayPal expanded its cross-border payments reach through Tencent’s WeChat Pay network, allowing U.S. PayPal users to make purchases at millions of merchants in China by scanning QR codes. The move could strengthen PayPal’s international utility and transaction volume. Article Title
- Positive Sentiment: The company outlined multiple paths to achieve about $1.5 billion in gross run-rate savings, including AI, automation, and restructuring, which supports margins and could lift earnings if execution stays on track. Article Title
- Positive Sentiment: PayPal also highlighted a new travel-related checkout feature through The Tour Guy’s “Reserve Now, Pay Later” offering, reinforcing that PayPal’s payments infrastructure is being adopted in more commerce use cases. Article Title
- Neutral Sentiment: Management presented at Bernstein’s Strategic Decisions Conference, but the transcript itself did not include any major new catalyst beyond reinforcing the company’s current strategy. Article Title
- Negative Sentiment: Some investor commentary continues to suggest that leadership change and Q1 performance concerns may weigh on sentiment, indicating the market still wants clearer proof of a durable turnaround. Article Title
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Rothschild & Co Redburn lowered their target price on shares of PayPal from $50.00 to $32.00 and set a “sell” rating on the stock in a research note on Wednesday, February 11th. Sanford C. Bernstein reissued a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Citizens Jmp reaffirmed a “market perform” rating on shares of PayPal in a research note on Wednesday, February 4th. Susquehanna lowered their price objective on shares of PayPal from $90.00 to $63.00 and set a “positive” rating on the stock in a research note on Wednesday, February 4th. Finally, HSBC cut shares of PayPal from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research note on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $55.85.
Check Out Our Latest Stock Analysis on PYPL
PayPal Stock Performance
Shares of PYPL opened at $43.76 on Thursday. The firm’s 50 day moving average is $46.35 and its 200-day moving average is $51.58. The stock has a market capitalization of $38.60 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50.
PayPal (NASDAQ:PYPL – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (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 for the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter in the previous year, the company posted $1.33 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.
PayPal Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is presently 10.51%.
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.
Further Reading
- Five stocks we like better than PayPal
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
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).
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.
