Deutsche Bank AG Takes Position in PayPal Holdings, Inc. $PYPL

Deutsche Bank AG purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,913,595 shares of the credit services provider’s stock, valued at approximately $168,989,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PYPL. Brighton Jones LLC increased its stake in shares of PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after purchasing an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of PayPal during the 4th quarter worth $248,000. Sivia Capital Partners LLC lifted its position in shares of 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 buying an additional 1,310 shares during the last quarter. United Bank lifted its position in shares of 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 buying an additional 4,974 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in PayPal by 17.9% in the second quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock valued at $1,405,000 after buying an additional 2,865 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays lifted their target price on PayPal from $55.00 to $57.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of PayPal in a report on Wednesday, August 5th. Telsey Advisory Group downgraded shares of PayPal to a “market perform” rating in a research note on Friday, July 24th. Daiwa Securities Group raised shares of PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $45.00 price target on shares of PayPal in a report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, PayPal has a consensus rating of “Hold” and an average price target of $56.28.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal and Venmo are expanding into higher-education tuition payments through integrations with Illumia, Nelnet Campus Commerce and TouchNet. The services are already available at schools including Michigan State, Kansas State, Texas Tech, Butler and Bellarmine, potentially increasing transaction volume and everyday use of PayPal’s wallets. PayPal and Venmo Expand to Tuition Payments
• Positive Sentiment: Reports that Stripe and Advent International have renewed interest in a potential PayPal transaction are supporting the shares by reinforcing takeover speculation. However, no deal has been announced, so this remains a potential catalyst rather than a confirmed development. PayPal Buyout Talks Resurface
• Positive Sentiment: Piper Sandler raised its price target to $59 while maintaining a Neutral rating, indicating greater recognition of potential value beyond PayPal’s checkout business. Piper Sandler Raises PayPal Price Target

PayPal Trading Up 1.4%

Shares of NASDAQ PYPL opened at $61.25 on Thursday. The firm has a 50 day moving average price of $51.31 and a two-hundred day moving average price of $47.35. The stock has a market cap of $52.40 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29.

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

PayPal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 0.9%. PayPal’s payout ratio is presently 10.59%.

Insiders Place Their Bets

In other news, CAO Chris Natali sold 1,337 shares of the stock in a transaction dated Wednesday, July 29th. The stock was 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. This represents a 37.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the transaction, the insider owned 41,567 shares of the company’s stock, valued at $1,768,260.18. This trade represents a 9.99% 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. In the last three months, insiders have sold 14,774 shares of company stock valued at $738,249. 0.63% of the stock is currently owned by company insiders.

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.