Kingsview Wealth Management LLC Invests $649,000 in PayPal Holdings, Inc. $PYPL

Kingsview Wealth Management LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,039 shares of the credit services provider’s stock, valued at approximately $649,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PYPL. Rule One Partners LLC acquired a new position in shares of PayPal during the 4th quarter worth about $2,043,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in PayPal in the 2nd quarter valued at about $97,372,000. S&CO Inc. acquired a new stake in PayPal in the 2nd quarter valued at about $18,827,000. Swiss National Bank grew its holdings in PayPal by 4.9% during the first quarter. Swiss National Bank now owns 2,608,600 shares of the credit services provider’s stock worth $117,987,000 after purchasing an additional 121,400 shares during the period. Finally, Easterly Investment Partners LLC increased its position in PayPal by 705.2% during the fourth quarter. Easterly Investment Partners LLC now owns 100,651 shares of the credit services provider’s stock worth $5,876,000 after buying an additional 88,151 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Some market observers argue that PayPal’s board protected potentially greater long-term shareholder value by rejecting the reported $60.50-per-share offer, which valued the company at approximately $53 billion. Options pricing also continues to indicate a bullish bias among some traders. PayPal Drops 12% Overnight on Dead Stripe Deal
• Positive Sentiment: PayPal remains an independent turnaround story, with recent initiatives expanding PayPal and Venmo tuition-payment integrations through campus platforms. Investors will now focus more closely on whether management can improve growth and execution without takeover support. PayPal Tuition Payment Push
• Neutral Sentiment: The failed transaction removes a major change-of-control catalyst and returns attention to PayPal’s standalone fundamentals. The company recently exceeded quarterly earnings and revenue expectations, but revenue growth remained modest and earnings per share declined year over year, leaving execution of its turnaround as the key valuation driver.
• Negative Sentiment: The reported withdrawal eliminates the takeover premium that had supported PYPL during weeks of deal speculation. Reports cited valuation concerns, regulatory hurdles and a breakdown in negotiations; the abrupt reversal has therefore prompted investors to reassess PayPal at its lower standalone valuation. PayPal Shares Fall After Consortium Abandons Takeover Pursuit
• Negative Sentiment: Analysts, including Mizuho, are highlighting risks facing PayPal after the deal collapsed. The heavy trading volume and test of the 50-day moving average indicate heightened uncertainty as investors await evidence that the company can generate sufficient growth independently. Why PayPal Stock Is Down and What Mizuho Thinks Comes Next

Insiders Place Their Bets

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 value of $77,679.70. Following the completion of the sale, the chief accounting officer owned 2,216 shares of the company’s stock, valued at approximately $128,749.60. The trade was a 37.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total transaction of $253,715.52. Following the completion of the transaction, the insider owned 30,983 shares in the company, valued at $1,888,723.68. This trade represents a 11.84% 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 have sold 14,774 shares of company stock worth $738,249 in the last 90 days. Company insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the topic of several research analyst reports. The Goldman Sachs Group set a $50.00 price objective on PayPal in a research note on Tuesday, July 28th. Daiwa Securities Group raised PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Canaccord Genuity Group restated a “hold” rating and issued a $55.00 price target on shares of PayPal in a research note on Wednesday, July 29th. Barclays raised their price target on PayPal from $55.00 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Finally, William Blair reaffirmed a “market perform” rating on shares of PayPal in a research report on Wednesday, July 15th. Nine analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, PayPal has a consensus rating of “Hold” and an average target price of $56.14.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $53.66 on Monday. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.21. The stock has a market cap of $45.90 billion, a PE ratio of 10.14, a P/E/G ratio of 1.31 and a beta of 1.29. The business has a 50 day moving average of $53.88 and a 200-day moving average of $48.16. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.55.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 earnings per share. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.38 earnings per share for the current year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio is currently 10.59%.

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.