PayPal Holdings, Inc. $PYPL Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4,036.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,904,110 shares of the credit services provider's stock after purchasing an additional 54,552,522 shares during the period. California State Teachers Retirement System owned approximately 6.53% of PayPal worth $2,413,939,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Maia Wealth LLC increased its position in shares of PayPal by 2.5% in the third quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider's stock worth $424,000 after acquiring an additional 155 shares in the last quarter. GeoWealth Management LLC boosted its position in PayPal by 6.2% during the 3rd 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 period. Formidable Asset Management LLC boosted its position in PayPal by 0.8% during the 1st quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider's stock worth $1,173,000 after acquiring an additional 205 shares during the period. KPP Advisory Services LLC grew its stake in PayPal by 3.3% during the 1st quarter. KPP Advisory Services LLC now owns 6,625 shares of the credit services provider's stock valued at $300,000 after acquiring an additional 214 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC increased its holdings in shares of 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 valued at $322,000 after purchasing an additional 238 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PayPal

In other PayPal news, insider Frank Keller sold 4,612 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $55.43, for a total value of $255,643.16. Following the completion of the sale, the insider directly owned 41,567 shares of the company's stock, valued at $2,304,058.81. This represents a 9.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 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 sale, the chief accounting officer owned 2,216 shares in the company, valued at $128,749.60. This represents a 37.63% 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 sold a total of 14,774 shares of company stock worth $848,095 in the last ninety days. 0.63% of the stock is currently owned by insiders.

PayPal Stock Performance

PYPL opened at $53.31 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's 50 day moving average price is $55.78 and its two-hundred day moving average price is $48.99. The firm has a market capitalization of $45.60 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.28. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.21.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. PayPal had a return on equity of 24.39% and a net margin of 14.36%.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 company earned $1.40 earnings per share. The company's quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.38 earnings per share 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 paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 4th. PayPal's dividend payout ratio is presently 10.59%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PYPL shares. Weiss Ratings raised shares of PayPal from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 24th. Keefe, Bruyette & Woods lifted their price objective on PayPal from $55.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Barclays upped their target price on PayPal from $55.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. BTIG Research reiterated a "neutral" rating on shares of PayPal in a report on Wednesday, July 15th. Finally, Wells Fargo & Company increased their price objective on PayPal from $48.00 to $56.00 and gave the stock an "equal weight" 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $56.03.

Key PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal, M0 and MoonPay launched PYUSDx, a developer platform that allows businesses to create financial products and customized digital-dollar offerings using PayPal’s PYUSD stablecoin. Three projects have already processed more than $100 million, offering a potential new source of payments and stablecoin-related growth. PayPal Debuts Developer Platform Tied to PYUSD Stablecoin
• Positive Sentiment: CEO Enrique Lores defended keeping PayPal as one company rather than splitting it up, while outlining three focused business lines. The plan includes greater emphasis on Venmo and Braintree growth and approximately $1.5 billion in cost savings, which could improve efficiency and margins. PayPal CEO Reveals Business Model Shift
• Positive Sentiment: PayPal’s latest quarterly results exceeded expectations, with $1.38 in earnings per share and $8.68 billion in revenue. Combined with stablecoin expansion and a low P/E ratio, these factors support the view that the shares may have recovery potential.
• Neutral Sentiment: Lores said PayPal is keeping its options open amid buyout speculation, but he pushed back against selling the company cheaply. The comments may revive takeover interest, although no transaction has been announced. PayPal Keeping Options Open Amid Buyout Rumors
• Neutral Sentiment: Chief Accounting Officer Chris Natali sold 552 shares under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled transaction is a limited signal about management’s current outlook.
• Negative Sentiment: Analysts and commentators continue to warn that PayPal faces formidable competition, slowing growth and execution challenges. The stock remains roughly 30% below its 52-week high, leaving investors focused on whether the turnaround can produce sustained transaction and user growth. Is PayPal Stock a Buy, Sell, or Hold

PayPal Company Profile

PayPal Holdings, Inc is a digital payments and financial technology company that operates a global platform for consumers and businesses. Its services enable customers to send and receive money, make purchases online and in stores, and accept payments through digital checkout solutions. PayPal supports transactions using linked bank accounts, debit and credit cards, stored balances and other payment methods.

The company's consumer and merchant offerings include the PayPal wallet, PayPal Checkout, PayPal Zettle point-of-sale tools, PayPal Braintree payment processing and PayPal Complete Payments.

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.