The Manufacturers Life Insurance Company purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 445,145 shares of the credit services provider’s stock, valued at approximately $19,221,000. The Manufacturers Life Insurance Company owned 0.05% of PayPal as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the stock. Bard Associates Inc. purchased a new stake in shares of PayPal in the 4th quarter valued at $25,000. Allied Private Wealth LLC purchased a new position in PayPal during the 2nd quarter valued at about $25,000. Robinswood Financial LLC acquired a new position in PayPal in the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd grew its position in PayPal by 15,233.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 457 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in PayPal in the 2nd quarter valued at about $27,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
PYPL has been the topic of several research reports. Daiwa Securities Group raised shares of PayPal from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of PayPal from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Susquehanna upped their target price on shares of PayPal from $63.00 to $67.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. Robert W. Baird increased their target price on shares of PayPal from $50.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, TD Cowen raised their price target on shares of PayPal from $48.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, PayPal presently has an average rating of “Hold” and an average price target of $56.28.
PayPal Stock Performance
Shares of PYPL opened at $61.47 on Friday. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.21. The stock has a market capitalization of $52.59 billion, a PE ratio of 11.62, a PEG ratio of 1.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a 50-day simple moving average of $53.66 and a 200-day simple moving average of $48.07.
PayPal (NASDAQ:PYPL – Get Free Report) last released its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. The firm had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 earnings per share. On average, analysts predict that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.
PayPal Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.14 dividend. The ex-dividend date of this dividend 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 is currently 10.59%.
PayPal News Roundup
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: PayPal’s expansion into tuition payments could support future growth. Integrations with Nelnet Campus Commerce, Illumia and TouchNet allow students and families to use PayPal and Venmo for tuition-related payments, broadening Venmo’s commercial use. PayPal Holdings Tuition Payment Push
- Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings per share of $1.38 versus consensus of $1.28 and revenue of approximately $8.68 billion versus estimates of $8.47 billion. Total payment volume reportedly increased 10% year over year, while analysts have raised some price targets and investors continue to view the new CEO transition as a possible turnaround opportunity. Why Is PayPal Up Since Earnings
- Neutral Sentiment: Recent momentum had been strong, with PayPal gaining about 10% over the past month and 39% over three months, although its one-year total return remained negative. The stock’s valuation—roughly 12 times earnings—may attract value investors, but reported analyst targets vary widely and several remain below the current trading level. PayPal Opinions on Earnings and Acquisition Speculation
- Negative Sentiment: The reported collapse of the Advent-Stripe discussions eliminates hopes for a deal premium. The consortium had previously been linked to an offer of at least $60.50 per share, with negotiations reportedly focused on a higher bid. Without that proposal, investors may refocus on PayPal’s slower revenue growth and execution risks. Advent Stripe Consortium Drops PayPal Pursuit
Insider Buying and Selling at PayPal
In other news, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total value of $253,715.52. Following the sale, the insider directly owned 30,983 shares in the company, valued at approximately $1,888,723.68. This trade represents a 11.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of PayPal 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 sale, the chief accounting officer directly owned 2,216 shares of the company’s stock, valued at approximately $128,749.60. This trade represents a 37.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 14,774 shares of company stock valued at $738,249. Insiders own 0.63% of the company’s stock.
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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