Bank of New York Mellon Corp bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,817,859 shares of the credit services provider's stock, valued at approximately $251,215,000. Bank of New York Mellon Corp owned about 0.68% of PayPal as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in PYPL. Maia Wealth LLC raised its stake in PayPal by 2.5% during the third quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider's stock valued at $424,000 after buying an additional 155 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of PayPal by 6.2% in the third quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider's stock worth $216,000 after acquiring an additional 188 shares during the last quarter. Formidable Asset Management LLC raised its position in shares of PayPal by 0.8% in the 1st quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider's stock worth $1,173,000 after purchasing an additional 205 shares during the last quarter. KPP Advisory Services LLC raised its position in shares of PayPal by 3.3% in the 1st quarter. KPP Advisory Services LLC now owns 6,625 shares of the credit services provider's stock worth $300,000 after purchasing an additional 214 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC boosted its stake in PayPal by 3.5% in the 1st quarter. Jackson Thornton Wealth Management LLC now owns 7,110 shares of the credit services provider's stock worth $322,000 after purchasing an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.
PayPal Price Performance
Shares of NASDAQ:PYPL opened at $61.55 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $52.65 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm's 50 day moving average price is $52.13 and its 200-day moving average price is $47.51. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.21.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (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 company had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.47 billion. During the same period in the previous year, the business posted $1.40 earnings per share. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings, Inc. will post 5.38 EPS for the current year.
PayPal Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 4th. PayPal's dividend payout ratio (DPR) is currently 10.59%.
Insider Activity at PayPal
In related news, CAO Chris Natali sold 1,337 shares of the business'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 transaction of $77,679.70. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, 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 4,162 shares of PayPal stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total transaction of $253,715.52. Following the transaction, the insider directly owned 30,983 shares in the company, valued at $1,888,723.68. This represents a 11.84% 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. Over the last three months, insiders have sold 14,774 shares of company stock worth $738,249. Corporate 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: Venmo’s expansion into college tuition payments could increase transaction volume. PayPal and Venmo are now being integrated with Illumia, Nelnet Campus Commerce and TouchNet, allowing students and families at participating universities to pay tuition and fees through the digital wallets. The initiative adds a potentially recurring, higher-value use case, although transaction fees and adoption will vary by school. PayPal, Venmo connect to colleges
- Positive Sentiment: Agentic payments offer a longer-term growth narrative. PayPal is positioning its platform around AI-enabled commerce, digital identity and automated payments, potentially allowing software agents to complete transactions on behalf of consumers. The strategy could strengthen PayPal’s relevance as commerce evolves, but commercialization and competitive execution remain uncertain. PayPal Agentic Payments: Can They Reshape the Future of Commerce?
- Positive Sentiment: Technical momentum and investor interest remain supportive. PayPal has formed a bullish “golden cross,” while David Einhorn’s reported $61.5 million stake provides additional visibility and may reinforce the turnaround case. David Einhorn's PayPal Bet Just Flashed a Golden Cross
- Neutral Sentiment: Takeover chatter is supporting the shares but remains unconfirmed. Reports have revived speculation about a potential sale process involving Stripe and Advent International. No offer or transaction has been announced, so any takeover premium is speculative. PayPal Stock Closes Higher Thursday
- Negative Sentiment: The recent rally has increased valuation and execution concerns. Investors are questioning whether PayPal can sustain momentum amid modest underlying revenue growth and intense competition in digital payments and buy-now-pay-later services. A director’s $253,716 sale under a pre-arranged Rule 10b5-1 plan adds a mild cautionary signal, though it is not necessarily an indication of deteriorating business prospects. PayPal Insider Selling
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of PayPal in a research report on Wednesday, August 5th. Telsey Advisory Group downgraded shares of PayPal to a "market perform" rating in a research note on Friday, July 24th. Robert W. Baird increased their price target on shares of PayPal from $50.00 to $57.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Mizuho increased their price target on shares of PayPal from $50.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Daiwa Securities Group raised shares of PayPal from a "hold" rating to an "outperform" rating in a research report on Wednesday, May 6th. Nine 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $56.28.
Check Out Our Latest Stock Report on PYPL
PayPal Company 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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