PayPal Holdings, Inc. $PYPL Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 406,803 shares of the credit services provider’s stock after purchasing an additional 21,186 shares during the period. Public Employees Retirement System of Ohio’s holdings in PayPal were worth $18,400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bard Associates Inc. purchased a new stake in shares of PayPal in the 4th quarter worth about $25,000. Kelleher Financial Advisors purchased a new position in PayPal during the 3rd quarter valued at about $30,000. Caitong International Asset Management Co. Ltd increased its holdings in PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in PayPal during the fourth quarter worth about $28,000. Finally, Advocate Investing Services LLC acquired a new position in PayPal during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, insider Frank Keller sold 4,612 shares of PayPal stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the completion of the sale, the insider owned 41,567 shares of the company’s stock, valued at $1,768,260.18. The trade was a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the transaction, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. The trade was a 45.74% 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 20,612 shares of company stock worth $966,623 over the last quarter. 0.63% of the stock is currently owned by insiders.

More PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Truist Securities upgraded PayPal from Sell to Hold and raised its price target to $57 from $44, signaling improved confidence in the stock and helping sentiment around PYPL. Article: Benzinga report on Truist upgrade
• Positive Sentiment: Reports that Stripe and Advent International have approached PayPal with a $53 billion takeover bid have fueled speculation that PYPL could be worth more in a deal, boosting investor interest. Article: Yahoo Finance takeover report
• Neutral Sentiment: Options traders are pricing in about an 8.8% swing around next week’s earnings, indicating elevated expectations and potential volatility rather than a clear directional view. Article: TipRanks earnings volatility report
• Neutral Sentiment: Analysts say investors are focused on TPV growth, platform expansion, margins, and competition heading into earnings, with macro uncertainty still clouding the outlook. Article: Zacks preview
• Neutral Sentiment: PayPal remains a low-valuation name by market standards, with investors noting its roughly 11x earnings multiple and ongoing share repurchases as support for long-term value. Article: 24/7 Wall St. valuation note

PayPal Stock Performance

NASDAQ:PYPL opened at $56.15 on Friday. The firm has a 50 day simple moving average of $45.70 and a 200-day simple moving average of $47.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $49.53 billion, a PE ratio of 10.53, a P/E/G ratio of 1.40 and a beta of 1.33. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.50.

PayPal (NASDAQ:PYPL) 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 the consensus estimate of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 earnings per share. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.32 EPS for the current year.

PayPal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. PayPal’s dividend payout ratio (DPR) is 10.51%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Telsey Advisory Group lowered shares of PayPal to a “market perform” rating in a research report on Friday. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Wednesday, July 15th. Truist Financial upgraded PayPal from a “sell” rating to a “hold” rating and increased their target price for the company from $44.00 to $57.00 in a report on Friday. HSBC began coverage on PayPal in a research report on Friday. They set a “buy” rating for the company. Finally, Daiwa Securities Group raised PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, PayPal has a consensus rating of “Hold” and a consensus price target of $54.96.

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.