PayPal Holdings, Inc. $PYPL Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 325,900 shares of the credit services provider’s stock after selling 14,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in PayPal were worth $19,026,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PYPL. Kelleher Financial Advisors acquired a new stake in PayPal during the third quarter valued at $30,000. Cloud Capital Management LLC purchased a new position in PayPal during the third quarter valued at $30,000. Torren Management LLC purchased a new position in PayPal during the fourth quarter valued at $31,000. Dagco Inc. lifted its holdings in PayPal by 1,250.0% during the third quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 500 shares in the last quarter. Finally, Strategic Advocates LLC purchased a new position in shares of PayPal in the third quarter worth about $38,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PYPL. Truist Financial decreased their price target on shares of PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a research note on Tuesday. Wells Fargo & Company dropped their price target on shares of PayPal from $67.00 to $48.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. JPMorgan Chase & Co. dropped their price target on shares of PayPal from $70.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Wall Street Zen cut shares of PayPal from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Finally, Cantor Fitzgerald lifted their price target on shares of PayPal from $42.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, PayPal currently has a consensus rating of “Hold” and a consensus target price of $55.85.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Frank Keller sold 29,581 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $1,361,317.62. Following the transaction, the executive vice president directly owned 51,567 shares of the company’s stock, valued at approximately $2,373,113.34. The trade was a 36.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total transaction of $98,763.84. Following the completion of the transaction, the chief accounting officer directly owned 1,140 shares in the company, valued at $50,992.20. This represents a 65.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 96,199 shares of company stock valued at $4,294,018. 0.63% of the stock is owned by company insiders.

PayPal Stock Down 0.5%

PYPL stock opened at $45.23 on Thursday. The company has a fifty day moving average price of $46.68 and a 200 day moving average price of $53.31. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The company has a market cap of $39.90 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.13 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.27 by $0.07. The firm had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. PayPal’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.33 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.31 earnings per share for the current year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s payout ratio is currently 10.51%.

Key PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal announced an AI training initiative with Anthropic, offering free small-business education and access to Claude-related tools, which supports its push to become a broader commerce and financial-services platform. PayPal and Anthropic Take AI to Main Street Businesses
• Positive Sentiment: PayPal’s new partnership with the Seattle Seahawks expands its presence in NFL ticketing and fan payments, giving the company another consumer-facing channel to drive engagement and transaction volume. PayPal Seahawks Deal Tests Live Event Role In Broader Commerce Story
• Positive Sentiment: Analysts and commentators continue to point to PayPal’s relatively low valuation and the company’s stronger-than-expected Q1 results as reasons some investors remain constructive on the stock. What Could This Step Mean For PayPal Holdings Inc (PYPL) Stock?
• Neutral Sentiment: PayPal co-founder Max Levchin said AI will expose weak software, but his comments were more about the broader technology landscape than a direct change to PayPal’s business outlook. It’s Long Overdue To Get Rid Of Bad Software, Says PayPal Co-Founder Max Levchin
• Neutral Sentiment: Industry coverage continues to favor financial-transaction stocks amid digital-payment growth and strong consumer spending, which is supportive for PayPal but not company-specific. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
• Negative Sentiment: PayPal agreed to waive about $30 million in transaction fees after a Justice Department investigation into a former DEI-related investment program, adding legal and reputational overhang. Trump’s ‘war on DEI’ reaches PayPal
• Negative Sentiment: Truist cut its price target on PayPal to $44 from $45 and kept a Sell rating, citing weakness in cross-border volume, while Deutsche Bank also lowered its target to $45 from $50. PayPal (NASDAQ:PYPL) Price Target Cut to $44.00 by Analysts at Truist Financial

PayPal 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.