Deutsche Bank AG Purchases Shares of 3,913,595 PayPal Holdings, Inc. $PYPL

Deutsche Bank AG acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,913,595 shares of the credit services provider's stock, valued at approximately $168,989,000. Deutsche Bank AG owned 0.46% of PayPal at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bard Associates Inc. bought a new position in shares of PayPal in the fourth quarter valued at about $25,000. Allied Private Wealth LLC bought a new stake in shares of PayPal during the 2nd quarter worth about $25,000. Robinswood Financial LLC bought a new stake in shares of PayPal during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 buying an additional 457 shares during the period. Finally, Safe Harbor Fiduciary LLC acquired a new position in PayPal in the 4th quarter valued at about $28,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total transaction of $253,715.52. Following the transaction, the insider owned 30,983 shares in the company, valued at $1,888,723.68. This trade represents a 11.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the insider directly owned 41,567 shares of the company's stock, valued at $2,415,042.70. This represents a 1.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,774 shares of company stock valued at $738,249 over the last 90 days. 0.63% of the stock is owned by corporate insiders.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal and Venmo are expanding into higher-education tuition payments through integrations with Illumia, Nelnet Campus Commerce and TouchNet. The services are already available at schools including Michigan State, Kansas State, Texas Tech, Butler and Bellarmine, potentially increasing transaction volume and everyday use of PayPal’s wallets. PayPal and Venmo Expand to Tuition Payments
• Positive Sentiment: Reports that Stripe and Advent International have renewed interest in a potential PayPal transaction are supporting the shares by reinforcing takeover speculation. However, no deal has been announced, so this remains a potential catalyst rather than a confirmed development. PayPal Buyout Talks Resurface
• Positive Sentiment: Piper Sandler raised its price target to $59 while maintaining a Neutral rating, indicating greater recognition of potential value beyond PayPal’s checkout business. Piper Sandler Raises PayPal Price Target

PayPal Stock Performance

NASDAQ PYPL opened at $61.25 on Thursday. 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 company has a market capitalization of $52.40 billion, a P/E ratio of 11.58, a P/E/G ratio of 1.47 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 firm has a 50-day moving average price of $51.31 and a two-hundred day moving average price of $47.35.

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, topping analysts' consensus estimates of $1.28 by $0.10. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The firm had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The business's revenue was up 4.8% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 5.38 earnings per share for the current year.

PayPal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.14 per share. 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 is currently 10.59%.

Analysts Set New Price Targets

PYPL has been the topic of several research analyst reports. Bank of America lowered their price target on shares of PayPal from $55.00 to $53.00 and set a "neutral" rating on the stock in a report on Wednesday, May 6th. Citigroup boosted their price objective on PayPal from $48.00 to $61.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Piper Sandler upped their target price on PayPal from $42.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday. Royal Bank Of Canada increased their target price on PayPal from $59.00 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Finally, Robert W. Baird lifted their price target on PayPal from $50.00 to $57.00 and gave the stock a "neutral" rating in a 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 given a Sell rating to the company. According to MarketBeat.com, the company presently 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.

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