NewEdge Wealth LLC Buys Shares of 27,257 PayPal Holdings, Inc. $PYPL

Key Points

• NewEdge Wealth acquired 27,257 PayPal shares in the second quarter, valued at approximately $1.18 million. Institutional investors collectively own 68.32% of PayPal’s stock.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $56.28, despite several brokerages recently raising their targets.
• PayPal exceeded quarterly expectations, reporting $1.38 in adjusted earnings per share and $8.68 billion in revenue, up 4.8% year over year. The company also declared a quarterly dividend of $0.14 per share, representing a 0.9% yield.

NewEdge Wealth LLC acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 27,257 shares of the credit services provider's stock, valued at approximately $1,177,000.

Several other large investors also recently bought and sold shares of PYPL. Bard Associates Inc. purchased a new stake in PayPal during the 4th quarter valued at about $25,000. Kelleher Financial Advisors purchased a new position in shares of PayPal in the third quarter worth about $30,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of PayPal by 15,233.3% during 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 during the period. Safe Harbor Fiduciary LLC acquired a new stake in shares of PayPal during the fourth quarter worth about $28,000. Finally, Advocate Investing Services LLC purchased a new stake in PayPal in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PYPL. Robert W. Baird increased their price target on shares of PayPal from $50.00 to $57.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Argus set a $70.00 price objective on shares of PayPal in a research note on Wednesday, July 29th. William Blair reaffirmed a "market perform" rating on shares of PayPal in a report on Wednesday, July 15th. Truist Financial increased their price objective on shares of PayPal from $59.00 to $62.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, TD Cowen raised their target price on shares of PayPal from $48.00 to $59.00 and gave the stock a "hold" rating in a report on Wednesday, July 29th. Nine equities research 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 stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of "Hold" and a consensus price target of $56.28.

PayPal News Summary

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

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $61.55 on Friday. The company has a market capitalization of $52.65 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.30. 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 company's fifty day moving average price is $52.13 and its 200 day moving average price is $47.51. 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. The company 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 firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 earnings per share. On average, research analysts predict that PayPal Holdings, Inc. will post 5.38 earnings per share for the current year.

PayPal Dividend Announcement

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. 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%.

Insider Buying and Selling

In other news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total value of $253,715.52. Following the completion of the sale, the insider directly owned 30,983 shares in the company, valued at $1,888,723.68. The trade was a 11.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total value of $196,194.48. Following the completion of the sale, the insider owned 41,567 shares of the company's stock, valued at $1,768,260.18. This trade represents a 9.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 14,774 shares of company stock valued at $738,249. 0.63% of the stock is owned by company insiders.

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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