21,207 Shares in PayPal Holdings, Inc. $PYPL Bought by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. acquired 21,207 PayPal shares worth approximately $916,000 during the second quarter. Institutional investors collectively own 68.32% of PayPal’s outstanding stock.
• PayPal reported quarterly earnings of $1.38 per share, exceeding estimates of $1.28, while revenue rose 4.8% year over year to $8.68 billion. The stock was trading at $62.30, above its 50-day and 200-day moving averages.
• PayPal declared a quarterly dividend of $0.14 per share, equivalent to an annualized $0.56 dividend and a 0.9% yield. Analysts maintained a broadly cautious outlook, with the stock carrying an average “Hold” rating and a $56.28 consensus price target.

Edmond DE Rothschild Holding S.A. purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,207 shares of the credit services provider's stock, valued at approximately $916,000.

Several other institutional investors have also added to or reduced their stakes in PYPL. Bard Associates Inc. bought a new position in shares of PayPal during the fourth quarter valued at about $25,000. Kelleher Financial Advisors bought a new stake in shares of PayPal in the 3rd quarter valued at about $30,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $27,000 after acquiring an additional 457 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in PayPal during the 4th quarter valued at about $28,000. Finally, Advocate Investing Services LLC bought a new position in PayPal during the 4th quarter worth approximately $30,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Up 1.7%

PYPL opened at $62.30 on Friday. The business has a 50 day simple moving average of $51.73 and a two-hundred day simple moving average of $47.42. The firm has a market capitalization of $53.30 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 1.49 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.21.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. The business had revenue of $8.68 billion during the quarter, compared to analysts' expectations of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The business's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. Analysts predict that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.9%. PayPal's dividend payout ratio (DPR) is presently 10.59%.

Insider Buying and Selling

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the company'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 completion of the transaction, the insider directly owned 30,983 shares in the company, valued at approximately $1,888,723.68. This 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $77,679.70. Following the completion of the sale, the chief accounting officer directly owned 2,216 shares of the company's stock, valued at approximately $128,749.60. This 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. Insiders sold 14,774 shares of company stock valued at $738,249 over the last quarter. 0.63% of the stock is owned by company insiders.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Takeover speculation supported the stock. Deal chatter involving a possible Stripe and Advent International offer resurfaced, encouraging investors to view PayPal as a potential acquisition target. No offer or transaction has been confirmed, so the catalyst remains speculative. PayPal takeover speculation
• Positive Sentiment: Tuition-payment integrations expand PayPal’s potential transaction volume. PayPal and Venmo are now available through Illumia, Nelnet Campus Commerce and TouchNet, with participating schools including Bellarmine University, Butler University, Kansas State University, Michigan State University and Texas Tech. The initiative adds a recurring, high-value payment use case, though its near-term revenue contribution is unclear. PayPal and Venmo tuition-payment expansion
• Positive Sentiment: PayPal outperformed some buy-now-pay-later peers. Klarna and Affirm declined as PayPal remained positive, suggesting investors may be favoring the scale, established customer base and broader financial-services platform of more mature payment companies. PayPal and BNPL stock rotation
• Neutral Sentiment: Options pricing reflects substantial uncertainty. The options market implies a broad potential trading range over the coming year, consistent with uncertainty surrounding PayPal’s turnaround prospects and possible corporate activity. PayPal options outlook
• Neutral Sentiment: An insider sale was a modest cautionary signal. Suzan Kereere sold 4,162 shares worth approximately $253,716 under a pre-arranged Rule 10b5-1 plan. She retained 30,983 shares, reducing the significance of the transaction as an indicator of business prospects. PayPal insider sale filing
• Negative Sentiment: Competitive and valuation risks remain. TikTok is reportedly developing a peer-to-peer payment feature that could challenge Venmo’s social-payments positioning. Jim Cramer also warned that some fintech stocks, including PayPal, may be priced for optimistic outcomes. TikTok peer-to-peer payment report

Analysts Set New Price Targets

A number of equities analysts have commented on PYPL shares. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $55.00 price target on shares of PayPal in a research note on Wednesday, July 29th. BTIG Research reissued a "neutral" rating on shares of PayPal in a research note on Wednesday, July 15th. Telsey Advisory Group cut shares of PayPal to a "market perform" rating in a report on Friday, July 24th. Royal Bank Of Canada lifted their target price on shares of PayPal from $59.00 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Finally, Bank of America lowered their price target on shares of PayPal from $55.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, PayPal has an average rating of "Hold" and an average target price of $56.28.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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