New York State Teachers Retirement System raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 894,676 shares of the credit services provider’s stock after purchasing an additional 17,016 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of PayPal worth $40,466,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Optas LLC purchased a new stake in PayPal during the 1st quarter valued at approximately $292,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in PayPal by 51.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 344,990 shares of the credit services provider’s stock worth $15,604,000 after acquiring an additional 117,050 shares during the period. Elevation Point Wealth Partners LLC grew its stake in shares of PayPal by 133.4% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 17,360 shares of the credit services provider’s stock valued at $785,000 after purchasing an additional 9,922 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its stake in shares of PayPal by 15.6% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 112,517 shares of the credit services provider’s stock valued at $5,089,000 after purchasing an additional 15,198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. increased its holdings in shares of PayPal by 30.8% in the first quarter. Physician Wealth Advisors Inc. now owns 1,689 shares of the credit services provider’s stock valued at $76,000 after purchasing an additional 398 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at PayPal
In related news, insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total value of $144,587.41. Following the completion of the sale, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was 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 in the company, valued at approximately $1,768,260.18. This represents a 9.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 20,612 shares of company stock valued at $966,623. 0.63% of the stock is owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Report on PayPal
Key PayPal News
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: PayPal joined the European Payments Council, a move that could strengthen its role in shaping European payment rules and support long-term growth in the region. PayPal Stock (PYPL) Pops 3% on Joining EU Payments Council
- Positive Sentiment: Additional coverage highlighted PayPal’s EPC membership as a strategic step toward influencing the future of European payments and instant-transfer infrastructure. PayPal Secures EPC Seat to Help Guide Future of European Payments
- Neutral Sentiment: Unusual options activity included cheap out-of-the-money July 10 calls in PYPL, suggesting speculative trading interest rather than a clear fundamental catalyst. Five July 4th Fireworks: Unusual Options Activity Flags Cheap Lottery-Ticket Calls in CHWY, AVGO, PYPL, STLA and WMT
- Neutral Sentiment: A shareholder litigation firm said it is investigating PayPal’s officers and directors for possible fiduciary-duty issues, but this is only an early-stage legal probe and not a formal case. Kuehn Law Encourages Investors of PayPal Holdings, Inc. to Contact Law Firm
PayPal Stock Performance
NASDAQ PYPL opened at $45.47 on Friday. The stock has a market capitalization of $40.11 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.13 and a beta of 1.33. The business’s 50 day moving average is $44.49 and its two-hundred day moving average is $48.00. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50. 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 (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The business had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same period last year, the firm earned $1.33 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts expect that PayPal Holdings, Inc. will post 5.32 EPS for the current year.
PayPal Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were given a $0.14 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.2%. PayPal’s dividend payout ratio 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.
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