B. Metzler seel. Sohn & Co. AG grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 51.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,744 shares of the credit services provider's stock after buying an additional 22,356 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in PayPal were worth $2,839,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Bard Associates Inc. acquired a new stake in PayPal during the fourth quarter worth about $25,000. Allied Private Wealth LLC bought a new position in shares of PayPal in the second quarter worth about $25,000. Robinswood Financial LLC bought a new position in shares of PayPal in the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its position 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 purchasing an additional 457 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in PayPal during the 2nd quarter worth $27,000. Institutional investors own 68.32% of the company's stock.
PayPal Stock Performance
NASDAQ:PYPL opened at $54.96 on Friday. The company has a market capitalization of $47.02 billion, a P/E ratio of 10.39, a P/E/G ratio of 1.21 and a beta of 1.28. The business has a fifty day simple moving average of $55.05 and a two-hundred day simple moving average of $48.59. 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 1 year low of $38.46 and a 1 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 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The business had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The company's revenue was up 4.8% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 5.38 earnings per share for the current year.
PayPal Dividend Announcement
The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. PayPal's payout ratio is presently 10.59%.
Insider Buying and Selling
In related news, insider Frank Keller sold 732 shares of PayPal stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total value of $42,529.20. Following the transaction, the insider owned 41,567 shares in the company, valued at $2,415,042.70. This trade represents a 1.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 that occurred on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total value of $77,679.70. Following the transaction, the chief accounting officer owned 2,216 shares in the company, valued at approximately $128,749.60. The trade was 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. Over the last three months, insiders have sold 6,231 shares of company stock worth $373,924. Insiders own 0.63% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Clear Str raised shares of PayPal to a "hold" rating in a research note on Thursday, July 16th. Wells Fargo & Company boosted their target price on shares of PayPal from $48.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. Loop Capital cut their price objective on shares of PayPal from $62.00 to $50.00 and set a "hold" rating on the stock in a report on Friday, August 28th. Citigroup boosted their target price on PayPal from $48.00 to $61.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Finally, Truist Financial decreased their price target on PayPal from $62.00 to $53.00 and set a "hold" rating for the company in a research report on Monday. Nine analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of "Hold" and a consensus target price of $56.03.
Read Our Latest Analysis on PayPal
Key PayPal News
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: Renewed takeover speculation, including reports of possible interest from Stripe and discussion of a potential bid near $50 billion, has provided support by raising the possibility of a premium transaction. The reports remain unconfirmed. PayPal Stock Jumps on Fresh Takeover Speculation
- Positive Sentiment: PayPal’s buy-now-pay-later, credit and debit products are expanding its financial-services offering and could increase customer engagement, transaction volume and revenue growth. PayPal’s BNPL and Credit Growth
- Neutral Sentiment: The company is approaching an ex-dividend date, while its low earnings valuation may attract value-oriented investors. However, valuation support has not fully offset concerns about growth and execution. PayPal stock gains ahead of ex-dividend date
- Negative Sentiment: PayPal reportedly paused the proposed sale of its venture-capital portfolio after potential buyers offered substantially less than expected. The decision reduces near-term proceeds from a noncore-asset sale and suggests difficult market conditions for the portfolio. PayPal pauses venture portfolio sale
- Negative Sentiment: PayPal is eliminating 251 positions at its San Jose headquarters and has also cut jobs in India and Ireland as part of its multiyear restructuring. While the reductions could lower costs over time, the repeated layoffs highlight ongoing operational pressure and uncertainty about the turnaround. PayPal adds another round of layoffs
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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