PayPal Holdings, Inc. $PYPL Shares Sold by Andra AP fonden

Key Points

• Andra AP fonden sharply cut its PayPal stake in the first quarter, selling 539,189 shares and reducing its holdings by 96.9% to 17,311 shares worth about $783,000.
• Institutional ownership remains heavy, with hedge funds and other institutions controlling 68.32% of PayPal stock. Vanguard, Norges Bank, and several others increased or added to positions recently.
• PayPal’s latest earnings showed better-than-expected results, with EPS of $1.34 on revenue of $8.35 billion, while analysts currently rate the stock a consensus “Hold” with an average price target of $54.61.

Andra AP fonden trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 96.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,311 shares of the credit services provider's stock after selling 539,189 shares during the period. Andra AP fonden's holdings in PayPal were worth $783,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PYPL. Vanguard Group Inc. raised its holdings in shares of PayPal by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider's stock worth $5,276,205,000 after acquiring an additional 5,534,462 shares during the period. Norges Bank purchased a new stake in shares of PayPal in the fourth quarter valued at about $949,758,000. Invesco Ltd. increased its position in PayPal by 9.7% during the fourth quarter. Invesco Ltd. now owns 12,215,792 shares of the credit services provider's stock worth $713,158,000 after purchasing an additional 1,083,843 shares during the last quarter. Dimensional Fund Advisors LP increased its position in PayPal by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 9,179,771 shares of the credit services provider's stock worth $415,192,000 after purchasing an additional 376,530 shares during the last quarter. Finally, Amundi raised its stake in PayPal by 1.6% during the third quarter. Amundi now owns 8,493,311 shares of the credit services provider's stock worth $605,488,000 after purchasing an additional 132,837 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Key PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal is being highlighted as a value play ahead of earnings, trading at about 11x trailing earnings while repurchasing roughly 8% of its float annually, which could support per-share earnings growth. Article Title
• Positive Sentiment: Another bullish article points to PayPal’s improving fundamentals, PYUSD stablecoin efforts, and Visa integration, while noting the company previously rejected a large takeover bid, implying some investors think the stock may still be undervalued. Article Title
• Neutral Sentiment: Wall Street preview coverage is centering on Q2 earnings expectations and key operating metrics, keeping attention on whether PayPal can meet or beat estimates next week. Article Title
• Neutral Sentiment: Seeking Alpha published a feature on PayPal’s outlook, but the headline suggests a balanced thesis rather than a clearly new catalyst. Article Title
• Neutral Sentiment: PayPal-related leadership news at Meta, including a former PayPal executive taking a security role, is not likely to have a material direct impact on PYPL shares. Article Title

Analyst Upgrades and Downgrades

Several research firms have weighed in on PYPL. Zacks Research upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a report on Friday, April 17th. William Blair reaffirmed a "market perform" rating on shares of PayPal in a research report on Wednesday, July 15th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $59.00 price objective on shares of PayPal in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on PayPal from $50.00 to $45.00 in a research report on Monday, May 11th. Finally, Truist Financial reduced their target price on PayPal from $45.00 to $44.00 and set a "sell" rating on the stock in a research report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $54.61.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 3,379 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the completion of the transaction, the insider owned 30,983 shares in the company, valued at $1,325,762.57. The trade was a 9.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of PayPal stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the sale, the insider directly owned 41,567 shares of the company's stock, valued at approximately $2,076,687.32. This trade represents a 20.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,612 shares of company stock worth $966,623 in the last 90 days. Corporate insiders own 0.63% of the company's stock.

PayPal Stock Performance

Shares of PYPL stock opened at $56.00 on Friday. The firm has a 50 day moving average of $45.47 and a two-hundred day moving average of $47.07. The stock has a market capitalization of $49.40 billion, a PE ratio of 10.51, a P/E/G ratio of 1.39 and a beta of 1.33. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. The business had revenue of $8.35 billion for the quarter, compared to analysts' expectations of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The company's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $1.33 earnings per share. On average, research analysts predict that PayPal Holdings, Inc. will post 5.32 EPS for the current fiscal year.

PayPal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a $0.14 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. PayPal's payout ratio is currently 10.51%.

About PayPal

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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