GatePass Capital LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 464.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,283 shares of the credit services provider’s stock after purchasing an additional 16,688 shares during the period. GatePass Capital LLC’s holdings in PayPal were worth $917,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Bard Associates Inc. purchased a new position in PayPal in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its stake in PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after buying an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of PayPal during the fourth quarter valued at approximately $28,000. Kelleher Financial Advisors acquired a new position in shares of PayPal during the third quarter valued at approximately $30,000. Finally, Advocate Investing Services LLC acquired a new position in shares of PayPal during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Truist Financial lowered their price target on PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. BNP Paribas Exane increased their price objective on PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a research note on Friday, April 10th. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a report on Friday, May 8th. BMO Capital Markets initiated coverage on shares of PayPal in a research note on Tuesday, April 21st. They set a “market perform” rating and a $52.00 target price on the stock. Finally, Clear Str raised shares of PayPal to a “hold” rating in a report on Thursday. Seven analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PayPal currently has a consensus rating of “Hold” and a consensus target price of $54.61.
Insider Transactions at PayPal
In other news, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction that occurred on Wednesday, April 29th. The shares were 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 of the company’s stock, valued at approximately $78,443.56. The trade was a 45.74% decrease in their position. The transaction was disclosed in a filing 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, insider Suzan Kereere sold 3,379 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider owned 30,983 shares in the company, valued at $1,325,762.57. This represents a 9.83% 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. Insiders sold 20,612 shares of company stock worth $966,623 in the last 90 days. Insiders own 0.63% of the company’s stock.
Trending Headlines about PayPal
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: The reported takeover interest from Stripe and Advent has fueled speculation that PayPal could be worth more than the current offer, with several analysts and investors arguing the bid is too low. Reuters: PayPal board sees Stripe-Advent offer as inadequate, sources say
- Positive Sentiment: Some market commentary suggests the bid could force a higher valuation for PYPL, potentially supporting further upside if negotiations continue or a competing offer emerges. Yahoo Finance: Cantor sees potential for higher PayPal offer as analysis suggests $70/share value
- Neutral Sentiment: PayPal’s board has reportedly not formally responded yet, so the deal is still early-stage and subject to negotiation, financing, and regulatory risk. Yahoo Finance weekly review
- Negative Sentiment: The board is said to view the $53 billion proposal as inadequate, which could mean a longer path to any deal or no deal at all if a higher price does not materialize. PYMNTS: PayPal Board Calls $53 Billion Stripe-Advent Bid Inadequate
PayPal Stock Down 0.3%
Shares of NASDAQ:PYPL opened at $56.56 on Friday. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The stock has a market cap of $49.89 billion, a P/E ratio of 10.61, a PEG ratio of 1.42 and a beta of 1.33. The business has a fifty day moving average of $44.60 and a two-hundred day moving average of $47.23. The company has a quick ratio of 1.26, a current 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, topping 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 for the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the previous year, the firm earned $1.33 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts expect that PayPal Holdings, Inc. will post 5.32 earnings per share for the current year.
PayPal Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. PayPal’s dividend payout ratio (DPR) is currently 10.51%.
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.
Further Reading
- Five stocks we like better than PayPal
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
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.
