BlackRock Inc. purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 74,965,012 shares of the credit services provider's stock, valued at approximately $3,236,989,000. BlackRock Inc. owned 8.76% of PayPal at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bard Associates Inc. bought a new position in PayPal during the 4th quarter worth about $25,000. Allied Private Wealth LLC purchased a new position in PayPal in the second quarter valued at about $25,000. Robinswood Financial LLC bought a new position in PayPal in the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its holdings in PayPal by 15,233.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider's stock worth $27,000 after purchasing an additional 457 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of PayPal during the fourth quarter valued at about $28,000. 68.32% of the stock is currently owned by institutional investors.
More PayPal News
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: Takeover interest supports valuation. PayPal is reportedly in renewed sale discussions with a consortium involving Stripe and Advent International. The group previously submitted a bid of approximately $60.50 per share, while one analysis suggested a potential sale value of $70–$80 per share. PayPal reportedly in sale talks with consortium including Stripe and Advent PayPal Could Be Sold For $70-$80/Share
- Positive Sentiment: Analysts see potential beyond PayPal’s checkout business. Piper Sandler raised its price target by more than 40% to $59, citing value in PayPal’s broader platform, although it retained a Neutral rating. Piper Sandler sees value beyond checkout
- Positive Sentiment: Operating trends remain mixed but constructive. Recent coverage points to total payment volume and Venmo growth, while PayPal’s latest reported quarter exceeded consensus estimates for earnings and revenue. Should You Buy, Sell or Hold PayPal Stock
- Neutral Sentiment: BNPL weakness has not materially spread to PayPal. Klarna’s outlook reduction triggered a sharp selloff in its shares, but PayPal and Affirm were described as largely shrugging off the news, suggesting limited immediate read-through for PayPal. Klarna craters on guidance cut while Affirm and PayPal shrug it off
- Negative Sentiment: Core checkout growth and competition remain concerns. Analysts cautioned that weak checkout expansion and pressure from rivals could undermine the turnaround, tempering the bullish impact of takeover rumors. TikTok’s exploration of peer-to-peer payments also highlights growing competition for digital-payment activity. TikTok explores peer-to-peer payments via direct messages
Insider Transactions at PayPal
In related news, insider Suzan Kereere sold 3,379 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the completion of the sale, the insider directly owned 30,983 shares in the company, valued at approximately $1,325,762.57. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the sale, the insider directly owned 41,567 shares of the company's stock, valued at $1,768,260.18. The trade was a 9.99% 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 have sold a total of 10,612 shares of company stock worth $484,534 in the last quarter. Company insiders own 0.63% of the company's stock.
PayPal Stock Down 0.1%
Shares of PYPL opened at $60.43 on Wednesday. The stock has a 50 day moving average price of $50.89 and a 200 day moving average price of $47.29. 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 market capitalization of $51.70 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.51 and a beta 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 issued its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 14.36% and a return on equity of 24.39%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.37 earnings per share for the current fiscal year.
PayPal Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 4th. PayPal's payout ratio is currently 10.59%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on PYPL shares. Weiss Ratings reissued a "hold (c-)" rating on shares of PayPal in a research report on Wednesday, August 5th. UBS Group set a $45.00 price target on PayPal in a research note on Wednesday, July 29th. Clear Str upgraded shares of PayPal to a "hold" rating in a research note on Thursday, July 16th. Truist Financial set a $59.00 target price on shares of PayPal in a report on Wednesday, August 5th. Finally, Susquehanna boosted their target price on shares of PayPal from $63.00 to $67.00 and gave the company a "positive" rating in a research report on Wednesday, July 29th. Nine 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $56.19.
Read Our Latest Analysis on PYPL
PayPal Profile
(
Free Report)
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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Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report).
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