PayPal Holdings, Inc. $PYPL Holdings Raised by National Pension Service

National Pension Service increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.2% in the 2nd quarter, Holdings Channel.com reports. 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’s holdings in PayPal were worth $76,546,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of PayPal during the 2nd quarter valued at about $3,236,989,000. California State Teachers Retirement System increased its holdings in PayPal by 4,036.2% in the second quarter. California State Teachers Retirement System now owns 55,904,110 shares of the credit services provider’s stock worth $2,413,939,000 after buying an additional 54,552,522 shares during the last quarter. Bank of America Corp DE increased its holdings in PayPal by 67.9% in the first quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock worth $1,158,554,000 after buying an additional 10,356,256 shares during the last quarter. Norges Bank bought a new position in PayPal during the fourth quarter valued at approximately $949,758,000. Finally, Amundi raised its position in PayPal by 227.6% during the first quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock valued at $624,364,000 after acquiring an additional 9,590,488 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling

In other news, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $77,679.70. Following the transaction, the chief accounting officer owned 2,216 shares in the company, valued at approximately $128,749.60. The trade was a 37.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 dated Thursday, September 3rd. The stock was sold at an average price of $55.43, for a total transaction of $255,643.16. Following the transaction, the insider owned 41,567 shares in the company, valued at approximately $2,304,058.81. The trade was a 9.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 14,774 shares of company stock valued at $848,095. 0.63% of the stock is owned by company insiders.

PayPal Stock Up 0.8%

PayPal stock opened at $53.72 on Friday. The firm 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 firm has a fifty day moving average price of $55.94 and a two-hundred day moving average price of $49.02. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. The business had revenue of $8.68 billion during 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%.The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.38 earnings per share for the current year.

PayPal Announces Dividend

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

Analyst Ratings Changes

Several analysts have commented on the stock. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Wednesday, July 15th. Loop Capital cut their price target on shares of PayPal from $62.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, August 28th. Robert W. Baird lifted their price objective on shares of PayPal from $50.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Clear Str upgraded shares of PayPal to a “hold” rating in a report on Thursday, July 16th. Finally, Morgan Stanley set a $45.00 price objective on shares of PayPal in a report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.03.

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

About PayPal

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.