PayPal Holdings, Inc. $PYPL Shares Purchased by National Pension Service

Key Points

• National Pension Service increased its PayPal stake by 12.2% in the second quarter, purchasing 192,536 additional shares and bringing its holdings to 1.77 million shares valued at approximately $76.5 million. Institutional investors collectively own 68.32% of PayPal.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and an average price target of $56.03. PayPal recently exceeded quarterly earnings and revenue expectations, reporting $1.38 in EPS and $8.68 billion in revenue.
• PayPal announced a quarterly dividend of $0.14 per share, equivalent to a 1.0% annualized yield, while company insiders sold 14,774 shares worth approximately $848,095 over the past 90 days.

National Pension Service raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 12.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,772,726 shares of the credit services provider's stock after buying an additional 192,536 shares during the quarter. National Pension Service owned approximately 0.21% of PayPal worth $76,546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Rule One Partners LLC acquired a new position in shares of PayPal during the fourth quarter valued at $2,043,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of PayPal in the 2nd quarter worth approximately $97,372,000. S&CO Inc. bought a new position in shares of PayPal in the second quarter valued at approximately $18,827,000. Swiss National Bank increased its stake in shares of PayPal by 4.9% during the first quarter. Swiss National Bank now owns 2,608,600 shares of the credit services provider's stock valued at $117,987,000 after acquiring an additional 121,400 shares during the period. Finally, Easterly Investment Partners LLC raised its holdings in PayPal by 705.2% during the fourth quarter. Easterly Investment Partners LLC now owns 100,651 shares of the credit services provider's stock worth $5,876,000 after purchasing an additional 88,151 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research reports. BNP Paribas Exane increased their price target on PayPal from $43.50 to $52.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Susquehanna upped their price objective on PayPal from $63.00 to $67.00 and gave the company a "positive" rating in a report on Wednesday, July 29th. Mizuho set a $51.00 target price on PayPal in a research note on Friday, August 28th. UBS Group set a $45.00 target price on PayPal in a report on Wednesday, July 29th. Finally, Morgan Stanley set a $45.00 price target on shares of PayPal in a research report on Wednesday, July 29th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $56.03.

Insider Transactions at PayPal

In other PayPal news, 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 approximately $1,888,723.68. The trade was a 11.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the business's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $77,679.70. Following the sale, the chief accounting officer directly owned 2,216 shares in the company, valued at approximately $128,749.60. This trade represents a 37.63% 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. Insiders have sold a total of 14,774 shares of company stock valued at $848,095 over the last ninety days. Corporate insiders own 0.63% of the company's stock.

PayPal Trading Up 0.8%

Shares of NASDAQ PYPL opened at $53.72 on Friday. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.21. The company has a market cap of $45.96 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 1.14 and a beta of 1.28. 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 business has a fifty day simple moving average of $55.94 and a 200-day simple moving average of $49.02.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. The firm had revenue of $8.68 billion for the quarter, compared to analysts' expectations of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.PayPal's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 4th. PayPal's dividend payout ratio (DPR) is 10.59%.

Key PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: CEO Enrique Lores is prioritizing a standalone “rebuild” rather than selling PayPal. His plan includes organizing the company into three business lines, strengthening Venmo and Braintree, pursuing acquisitions and targeting approximately $1.5 billion in cost savings. Investors may view the plan as a path to improved growth and profitability. How PayPal's CEO Is Planning to Go It Alone and Fix the Payments Giant
• Positive Sentiment: PayPal launched PYUSDx with MoonPay and M0, a developer platform that lets businesses create custom digital-dollar products backed by PayPal’s PYUSD stablecoin. The initiative could expand PayPal’s role in digital payments and blockchain infrastructure. PayPal, MoonPay and M0 Take PYUSDx Live
• Positive Sentiment: Analysts and commentators point to PayPal’s broader reach across tuition payments, buy now, pay later and merchant services as potential avenues for renewed customer engagement and revenue growth. PayPal Expands Its Payment Reach
• Neutral Sentiment: PayPal’s recent rise occurred despite a broader market decline, but reports offered no specific new catalyst explaining the move. Coverage of diversified financial-services stocks also provides broader sector context rather than a fresh company-specific forecast. PayPal Increases Despite Market Slip
• Negative Sentiment: The decision to pursue a turnaround removes an immediate buyout premium from the investment thesis. PayPal still faces formidable competition and must prove that its restructuring, cost reductions and new products can restore durable growth. PayPal CEO Plans for a Fix

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.

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