Goodnow Investment Group LLC Sells 114,573 Shares of PayPal Holdings, Inc. $PYPL

Goodnow Investment Group LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 672,559 shares of the credit services provider’s stock after selling 114,573 shares during the period. PayPal comprises 3.7% of Goodnow Investment Group LLC’s portfolio, making the stock its 11th largest holding. Goodnow Investment Group LLC’s holdings in PayPal were worth $39,264,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Maia Wealth LLC boosted its position in shares of PayPal by 2.5% during the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock valued at $424,000 after acquiring an additional 155 shares in the last quarter. Transatlantique Private Wealth LLC boosted its stake in PayPal by 2.9% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock valued at $382,000 after buying an additional 159 shares in the last quarter. Martin & Co. Inc. TN grew its position in PayPal by 0.3% in the third quarter. Martin & Co. Inc. TN now owns 56,934 shares of the credit services provider’s stock valued at $3,818,000 after acquiring an additional 175 shares during the period. RWA Wealth Partners LLC grew its position in PayPal by 0.7% in the third quarter. RWA Wealth Partners LLC now owns 25,043 shares of the credit services provider’s stock valued at $1,679,000 after acquiring an additional 184 shares during the period. Finally, GeoWealth Management LLC raised its stake in PayPal by 6.2% during the third quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock worth $216,000 after acquiring an additional 188 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Michael Burry added to his PayPal bet, which has fueled investor interest and encouraged a rebound in the stock as traders view the move as a potential vote of confidence in the company’s turnaround. PYPL Stock Climbs Overnight: Michael Burry Adds To PayPal Bet, Says ‘The Body Has Yet To Show’
• Positive Sentiment: Commentary highlighted PayPal’s low valuation, strong free cash flow generation, and ongoing share repurchases, which support the argument that the stock may be undervalued relative to its earnings power. PayPal Stock (PYPL) Opinions on Michael Burry’s Recent Investment
• Positive Sentiment: New platform and checkout integrations, including Venmo’s use in The Knot Worldwide’s wedding registry and broader PayPal-powered commerce partnerships, suggest PayPal is continuing to expand its ecosystem and merchant reach. The Knot Worldwide Announces Integration with Venmo to Deliver Seamless Gifting Experiences for Couples and Guests
• Neutral Sentiment: Several articles focused on PayPal being “trending” and widely discussed by investors, but these pieces were more commentary than fresh business news, so they are adding attention rather than a clear fundamental catalyst. PayPal Holdings, Inc. (PYPL) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Bearish pieces warned that PayPal still trades at a low earnings multiple because of CEO transition uncertainty, slower growth expectations, and ongoing competitive pressure in digital payments, which keeps some investors cautious. PayPal Trades at Less Than 8X Earnings. Is This a Bargain or a Value Trap?

PayPal Stock Up 2.3%

Shares of NASDAQ PYPL opened at $42.49 on Tuesday. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $37.48 billion, a P/E ratio of 7.97, a P/E/G ratio of 1.04 and a beta of 1.34. The firm has a 50 day moving average price of $45.80 and a 200 day moving average price of $49.72.

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

PayPal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders 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 annualized dividend and a yield of 1.3%. PayPal’s payout ratio is currently 10.51%.

Insider Buying and Selling at PayPal

In other 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 transaction, the insider owned 30,983 shares in the company, valued at $1,325,762.57. The trade was a 9.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total value of $536,170.72. Following the sale, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $2,076,687.32. The trade was a 20.52% 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. Over the last ninety days, insiders sold 20,612 shares of company stock valued at $966,623. Company insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. BNP Paribas Exane boosted their target price on shares of PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a research note on Friday, April 10th. Sanford C. Bernstein reissued a “market perform” rating on shares of PayPal in a report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PayPal from $50.00 to $45.00 in a research report on Monday, May 11th. Zacks Research raised shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $59.00 target price on shares of PayPal in a research note on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.85.

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.