Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,844,806 shares of the credit services provider’s stock after selling 99,716 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in PayPal were worth $83,441,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Maia Wealth LLC raised its stake in shares of PayPal by 2.5% in the third quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after purchasing an additional 155 shares during the last quarter. GeoWealth Management LLC grew its holdings in 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 buying an additional 188 shares in the last quarter. Harrell Investment Partners LLC raised its position in PayPal by 2.1% in the 4th quarter. Harrell Investment Partners LLC now owns 9,374 shares of the credit services provider’s stock valued at $547,000 after buying an additional 189 shares during the last quarter. Formidable Asset Management LLC lifted its stake in PayPal by 0.8% during the 1st quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider’s stock valued at $1,173,000 after acquiring an additional 205 shares in the last quarter. Finally, KPP Advisory Services LLC boosted its holdings in PayPal by 3.3% during the 1st quarter. KPP Advisory Services LLC now owns 6,625 shares of the credit services provider’s stock worth $300,000 after acquiring an additional 214 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.
Key Headlines Impacting PayPal
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: Truist Securities upgraded PayPal from Sell to Hold and raised its price target to $57 from $44, signaling improved confidence in the stock and helping sentiment around PYPL. Article: Benzinga report on Truist upgrade
- Positive Sentiment: Reports that Stripe and Advent International have approached PayPal with a $53 billion takeover bid have fueled speculation that PYPL could be worth more in a deal, boosting investor interest. Article: Yahoo Finance takeover report
- Neutral Sentiment: Options traders are pricing in about an 8.8% swing around next week’s earnings, indicating elevated expectations and potential volatility rather than a clear directional view. Article: TipRanks earnings volatility report
- Neutral Sentiment: Analysts say investors are focused on TPV growth, platform expansion, margins, and competition heading into earnings, with macro uncertainty still clouding the outlook. Article: Zacks preview
- Neutral Sentiment: PayPal remains a low-valuation name by market standards, with investors noting its roughly 11x earnings multiple and ongoing share repurchases as support for long-term value. Article: 24/7 Wall St. valuation note
Analysts Set New Price Targets
PayPal Stock Up 0.3%
PYPL stock opened at $56.15 on Friday. The stock has a fifty day moving average of $45.70 and a 200-day moving average of $47.14. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The company has a market capitalization of $49.53 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.40 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26.
PayPal (NASDAQ:PYPL – Get Free Report) last released its quarterly earnings data 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. The business had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 5.32 earnings per share for the current year.
PayPal Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, June 4th. PayPal’s payout ratio is currently 10.51%.
Insider Buying and Selling at PayPal
In other PayPal news, CAO Chris Natali sold 1,337 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total transaction of $66,128.02. Following the sale, the chief accounting officer owned 1,586 shares in the company, valued at $78,443.56. This represents a 45.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total value of $144,587.41. Following the completion of the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at $1,325,762.57. The trade was a 9.83% 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. Insiders have sold 20,612 shares of company stock valued at $966,623 in the last 90 days. 0.63% of the stock is currently owned by company insiders.
PayPal 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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