Great Lakes Advisors LLC Has $16.58 Million Holdings in PayPal Holdings, Inc. $PYPL

Great Lakes Advisors LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 46.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 283,978 shares of the credit services provider’s stock after selling 244,067 shares during the quarter. Great Lakes Advisors LLC’s holdings in PayPal were worth $16,579,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PYPL. Brighton Jones LLC raised its stake in PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after buying an additional 924 shares during the period. Revolve Wealth Partners LLC bought a new position in PayPal during the 4th quarter worth about $248,000. Sivia Capital Partners LLC increased its holdings in PayPal by 41.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after purchasing an additional 1,310 shares in the last quarter. United Bank increased its holdings in PayPal by 40.1% during the 2nd quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after purchasing an additional 4,974 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in PayPal by 17.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock worth $1,405,000 after purchasing an additional 2,865 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction dated Wednesday, June 3rd. The stock was 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 approximately $1,325,762.57. This trade represents a 9.83% decrease in their ownership of the stock. 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, insider Frank Keller sold 10,732 shares of PayPal stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total value of $536,170.72. Following the transaction, the insider owned 41,567 shares of the company’s stock, valued at $2,076,687.32. The trade was a 20.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 20,612 shares of company stock worth $966,623. Company insiders own 0.63% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $41.24 on Friday. The stock has a market capitalization of $36.38 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 1.02 and a beta of 1.34. The business has a 50-day moving average of $45.91 and a 200-day moving average of $49.99. 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 Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The business had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter last year, the company posted $1.33 earnings per share. PayPal’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.3 earnings per share for the current fiscal year.

PayPal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. PayPal’s dividend payout ratio (DPR) is presently 10.51%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group increased their target price on PayPal from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of PayPal in a report on Tuesday, February 24th. Citigroup increased their target price on PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $59.00 target price on shares of PayPal in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $42.00 target price on shares of PayPal in a report on Wednesday, May 20th. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.85.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal announced a new partnership with Shopware to power “Shopware Payments,” giving merchants embedded access to PayPal checkout, wallets, BNPL, and other payment options inside a growing e-commerce platform. The deal expands PayPal’s reach with online sellers and could add more transaction volume over time. Shopware Launches Shopware Payments in Partnership with PayPal
• Positive Sentiment: A separate report highlighted that the Shopware partnership deepens PayPal’s embedded payments footprint and could help narrow the company’s valuation gap if it can turn these integrations into sustained growth. Shopware Payments Deepens PayPal’s Embedded Reach As Valuation Gap Widens
• Neutral Sentiment: PayPal also released new consumer survey data showing many Canadian shoppers are willing to cut other spending to attend summer soccer events, which is more of a brand-marketing item than a direct financial catalyst. Goal vs. Going Out: New PayPal Poll shows 44% of Canadians surveyed would sideline everyday spending for summer soccer
• Neutral Sentiment: Analysts reportedly continue to rate PayPal as a “Hold,” suggesting sentiment remains cautious even as the stock rebounds from recent weakness. PayPal Holdings, Inc. Receives Consensus Rating of “Hold” from Analysts
• Negative Sentiment: Recent coverage noted PayPal has been declining more than the broader market, reinforcing that investors still have concerns about growth and momentum despite the latest partnership news. Paypal (PYPL) Declines More Than Market: Some Information for Investors

PayPal Company 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.