One Wealth Advisors LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,797 shares of the credit services provider’s stock, valued at approximately $553,000.
A number of other institutional investors have also recently modified their holdings of PYPL. Norges Bank acquired a new position in PayPal in the fourth quarter valued at about $949,758,000. Bank of America Corp DE grew its stake in PayPal by 67.9% during the first quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock worth $1,158,554,000 after buying an additional 10,356,256 shares in the last quarter. Amundi grew its stake in PayPal by 227.6% during the first quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock worth $624,364,000 after buying an additional 9,590,488 shares in the last quarter. Vanguard Group Inc. increased its holdings in PayPal by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after buying an additional 5,534,462 shares during the period. Finally, SG Americas Securities LLC increased its holdings in PayPal by 355.1% in the 1st quarter. SG Americas Securities LLC now owns 4,967,170 shares of the credit services provider’s stock valued at $224,665,000 after buying an additional 3,875,688 shares during the period. 68.32% of the stock is currently owned by institutional investors.
PayPal Stock Up 1.8%
Shares of NASDAQ PYPL opened at $61.67 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. The company has a market cap of $52.76 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.51 and a beta of 1.30. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.21. The stock has a 50-day moving average price of $50.13 and a two-hundred day moving average price of $47.28.
PayPal Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 0.9%. PayPal’s dividend payout ratio is presently 10.59%.
Analyst Upgrades and Downgrades
PYPL has been the subject of a number of recent analyst reports. Mizuho upped their price target on shares of PayPal from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a research report on Wednesday, August 5th. Argus set a $70.00 target price on PayPal in a research note on Wednesday, July 29th. Finally, Piper Sandler cut their target price on PayPal from $46.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.72.
Get Our Latest Stock Report on PayPal
Insider Activity at PayPal
In other PayPal news, insider Suzan Kereere sold 3,379 shares of the firm’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 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 filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the business’s 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 in the company, valued at approximately $128,749.60. The trade was a 37.63% 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. Insiders sold a total of 10,612 shares of company stock valued at $484,534 in the last quarter. Insiders own 0.63% of the company’s stock.
PayPal News Roundup
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: Renewed takeover discussions provided the main catalyst. PayPal is reportedly in early negotiations to sell itself to a group involving Stripe and private-equity firm Advent International. The parties are said to be considering a higher valuation than an earlier offer, although discussions remain preliminary and no deal is assured. PayPal Stock Rises on Report of Stripe, Advent Buyout Talks
- Positive Sentiment: A $1.5 billion cost-savings plan could support earnings. PayPal intends to use artificial intelligence, operational changes and a simpler organizational structure to reduce expenses, potentially improving profitability while freeing resources for future growth. PayPal Cost Savings: Will $1.5B Plan Reshape Profitability?
- Positive Sentiment: Venmo remains a potential growth and monetization engine. Venmo is generating mid-teens total payment volume growth, but the investment case increasingly depends on PayPal converting expanding user activity and product adoption into revenue. PayPal’s Venmo: Can Monetization Sustain Its Mid-Teens Growth?
- Neutral Sentiment: Recent profit improvement may already be reflected in company disclosures. Commentary highlighted a shift toward businesses that are supporting PayPal’s recovery, but suggested the underlying drivers were previously identified in management reports rather than representing a wholly new development. PayPal Stock Surged On a Profit Shift Management Had Already Spelled Out
- Negative Sentiment: Longer-term investor concerns remain. Despite recurring payment-volume growth, PayPal’s shares remain far below their record level, reflecting doubts about revenue conversion, competitive pressure and the company’s ability to sustain growth. PayPal Grows Its Volume Every Year. Here’s Why the Stock Doesn’t Always Follow
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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