551,070 Shares in PayPal Holdings, Inc. $PYPL Bought by Paralel Advisors LLC

Paralel Advisors LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the second quarter, HoldingsChannel reports. The institutional investor purchased 551,070 shares of the credit services provider’s stock, valued at approximately $23,795,000. PayPal comprises about 0.9% of Paralel Advisors LLC’s holdings, making the stock its 17th biggest holding.

Several other large investors also recently bought and sold shares of PYPL. Vanguard Group Inc. lifted its stake in PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after buying an additional 5,534,462 shares during the last quarter. BlackRock Inc. purchased a new position in shares of PayPal during the second quarter worth approximately $3,236,989,000. Bank of America Corp DE grew its position in shares of PayPal by 67.9% during the first quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock worth $1,158,554,000 after acquiring an additional 10,356,256 shares during the last quarter. Norges Bank acquired a new position in shares of PayPal in the 4th quarter valued at $949,758,000. Finally, Amundi increased its holdings in shares of PayPal by 227.6% in the 1st quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock valued at $624,364,000 after acquiring an additional 9,590,488 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Takeover speculation supported the stock. Deal chatter involving a possible Stripe and Advent International offer resurfaced, encouraging investors to view PayPal as a potential acquisition target. No offer or transaction has been confirmed, so the catalyst remains speculative. PayPal takeover speculation
• Positive Sentiment: Tuition-payment integrations expand PayPal’s potential transaction volume. PayPal and Venmo are now available through Illumia, Nelnet Campus Commerce and TouchNet, with participating schools including Bellarmine University, Butler University, Kansas State University, Michigan State University and Texas Tech. The initiative adds a recurring, high-value payment use case, though its near-term revenue contribution is unclear. PayPal and Venmo tuition-payment expansion
• Positive Sentiment: PayPal outperformed some buy-now-pay-later peers. Klarna and Affirm declined as PayPal remained positive, suggesting investors may be favoring the scale, established customer base and broader financial-services platform of more mature payment companies. PayPal and BNPL stock rotation
• Neutral Sentiment: Options pricing reflects substantial uncertainty. The options market implies a broad potential trading range over the coming year, consistent with uncertainty surrounding PayPal’s turnaround prospects and possible corporate activity. PayPal options outlook
• Neutral Sentiment: An insider sale was a modest cautionary signal. Suzan Kereere sold 4,162 shares worth approximately $253,716 under a pre-arranged Rule 10b5-1 plan. She retained 30,983 shares, reducing the significance of the transaction as an indicator of business prospects. PayPal insider sale filing
• Negative Sentiment: Competitive and valuation risks remain. TikTok is reportedly developing a peer-to-peer payment feature that could challenge Venmo’s social-payments positioning. Jim Cramer also warned that some fintech stocks, including PayPal, may be priced for optimistic outcomes. TikTok peer-to-peer payment report

Analysts Set New Price Targets

PYPL has been the subject of a number of recent research reports. Citigroup increased their price target on shares of PayPal from $48.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a research note on Wednesday, August 5th. Mizuho upped their target price on shares of PayPal from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Canaccord Genuity Group reiterated a “hold” rating and set a $55.00 target price on shares of PayPal in a research note on Wednesday, July 29th. Finally, Daiwa Securities Group raised PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Nine equities research 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 company’s stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Hold” and an average price target of $56.28.

PayPal Stock Performance

NASDAQ:PYPL opened at $62.30 on Friday. The firm’s fifty day moving average price is $51.73 and its 200 day moving average price is $47.42. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $53.30 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.30.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. The company had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. PayPal’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 EPS. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

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

Insider Buying and Selling

In other PayPal news, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $77,679.70. Following the transaction, the chief accounting officer owned 2,216 shares in the company, valued at approximately $128,749.60. The trade was a 37.63% decrease in their position. The transaction was disclosed in a document filed 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 business’s stock in a transaction that occurred 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 transaction, the insider owned 41,567 shares in the company, valued at $1,768,260.18. The trade was a 9.99% decrease in their position. 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 sold 14,774 shares of company stock valued at $738,249 over the last ninety days. Corporate insiders own 0.63% of the company’s stock.

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.