L2 Asset Management LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 42.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,436 shares of the credit services provider’s stock after selling 27,324 shares during the period. L2 Asset Management LLC’s holdings in PayPal were worth $2,127,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. R.M.SINCERBEAUX Capital Management LLC lifted its stake in shares of PayPal by 39.9% in the fourth quarter. R.M.SINCERBEAUX Capital Management LLC now owns 47,700 shares of the credit services provider’s stock valued at $2,785,000 after buying an additional 13,600 shares during the period. OMERS ADMINISTRATION Corp raised its position in PayPal by 5.3% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 75,837 shares of the credit services provider’s stock worth $4,427,000 after purchasing an additional 3,845 shares in the last quarter. Truvestments Capital LLC raised its position in PayPal by 8.5% in the fourth quarter. Truvestments Capital LLC now owns 26,952 shares of the credit services provider’s stock worth $1,573,000 after purchasing an additional 2,109 shares in the last quarter. Panagora Asset Management Inc. raised its position in PayPal by 33.8% in the fourth quarter. Panagora Asset Management Inc. now owns 675,382 shares of the credit services provider’s stock worth $39,429,000 after purchasing an additional 170,485 shares in the last quarter. Finally, ParaFi Capital LP acquired a new position in PayPal in the fourth quarter worth about $584,000. Institutional investors own 68.32% of the company’s stock.
Insider Activity
In other news, insider Frank Keller sold 4,612 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 41,567 shares of the company’s stock, valued at $1,768,260.18. This 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 available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the sale, the insider directly owned 30,983 shares in the company, valued at $1,325,762.57. This trade represents a 9.83% 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 20,612 shares of company stock valued at $966,623 over the last three months. 0.63% of the stock is owned by insiders.
Analyst Ratings Changes
Read Our Latest Stock Analysis on PYPL
PayPal Stock Performance
NASDAQ PYPL opened at $42.49 on Tuesday. The firm has a market cap of $37.48 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 1.04 and a beta of 1.34. The company has a 50 day moving average of $45.80 and a 200-day moving average of $49.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.50.
PayPal (NASDAQ:PYPL – Get Free Report) 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 during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter last year, the business posted $1.33 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.3 earnings per share for the current fiscal year.
PayPal Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s dividend payout ratio is 10.51%.
Key PayPal News
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: Michael Burry added to his PayPal bet, which has fueled investor interest and encouraged a rebound in the stock as traders view the move as a potential vote of confidence in the company’s turnaround. PYPL Stock Climbs Overnight: Michael Burry Adds To PayPal Bet, Says ‘The Body Has Yet To Show’
- Positive Sentiment: Commentary highlighted PayPal’s low valuation, strong free cash flow generation, and ongoing share repurchases, which support the argument that the stock may be undervalued relative to its earnings power. PayPal Stock (PYPL) Opinions on Michael Burry’s Recent Investment
- Positive Sentiment: New platform and checkout integrations, including Venmo’s use in The Knot Worldwide’s wedding registry and broader PayPal-powered commerce partnerships, suggest PayPal is continuing to expand its ecosystem and merchant reach. The Knot Worldwide Announces Integration with Venmo to Deliver Seamless Gifting Experiences for Couples and Guests
- Neutral Sentiment: Several articles focused on PayPal being “trending” and widely discussed by investors, but these pieces were more commentary than fresh business news, so they are adding attention rather than a clear fundamental catalyst. PayPal Holdings, Inc. (PYPL) Is a Trending Stock: Facts to Know Before Betting on It
- Negative Sentiment: Bearish pieces warned that PayPal still trades at a low earnings multiple because of CEO transition uncertainty, slower growth expectations, and ongoing competitive pressure in digital payments, which keeps some investors cautious. PayPal Trades at Less Than 8X Earnings. Is This a Bargain or a Value Trap?
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.
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