Delta Global Management LP Acquires Shares of 45,974 PayPal Holdings, Inc. $PYPL

Delta Global Management LP acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the first quarter, Holdings Channel.com reports. The firm acquired 45,974 shares of the credit services provider’s stock, valued at approximately $2,079,000.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings 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 acquiring an additional 924 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in PayPal during the fourth quarter worth approximately $248,000. Sivia Capital Partners LLC lifted its stake in PayPal by 41.5% during the second 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 during the last quarter. United Bank boosted its holdings in PayPal by 40.1% in the second quarter. United Bank now owns 17,388 shares of the credit services provider’s stock valued at $1,292,000 after purchasing an additional 4,974 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings 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 purchasing an additional 2,865 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting PayPal

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 Price Performance

Shares of NASDAQ PYPL opened at $56.15 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The stock has a 50 day moving average of $45.70 and a two-hundred day moving average of $47.14. The stock has a market cap of $49.53 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.40 and a beta of 1.33.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. The business had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 earnings per share. On average, research analysts forecast that PayPal Holdings, Inc. will post 5.32 earnings per share for the current year.

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. PayPal’s dividend payout ratio is currently 10.51%.

Analysts Set New Price Targets

A number of research firms have weighed in on PYPL. BMO Capital Markets started coverage on shares of PayPal in a report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 price objective on the stock. Barclays upgraded shares of PayPal from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $42.00 to $55.00 in a report on Thursday, July 16th. Truist Financial raised shares of 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 research report on Friday. Deutsche Bank Aktiengesellschaft cut their price target on shares of PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. Finally, Telsey Advisory Group cut shares of PayPal to a “market perform” rating in a research report on Friday. Nine analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Hold” and a consensus target price of $54.96.

Insiders Place Their Bets

In other news, insider Suzan Kereere sold 3,379 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total value of $144,587.41. Following the completion of the sale, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,325,762.57. This represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the sale, the insider owned 41,567 shares of the company’s stock, valued at $2,076,687.32. This trade represents 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. In the last three months, insiders have sold 20,612 shares of company stock valued at $966,623. Insiders own 0.63% of the company’s stock.

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.