California State Teachers Retirement System Has $2.41 Billion Stake in PayPal Holdings, Inc. $PYPL

California State Teachers Retirement System increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4,036.2% in the 2nd quarter, Holdings Channel reports. The firm owned 55,904,110 shares of the credit services provider’s stock after buying an additional 54,552,522 shares during the quarter. California State Teachers Retirement System owned about 0.07% of PayPal worth $2,413,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of PYPL. Brighton Jones LLC raised its position in PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after purchasing an additional 924 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in PayPal during the fourth quarter worth about $248,000. Sivia Capital Partners LLC boosted its holdings 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 valued at $332,000 after purchasing an additional 1,310 shares in the last quarter. United Bank boosted its holdings in PayPal by 40.1% during 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. grew its stake in shares of PayPal by 17.9% in the 2nd 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 during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Up 2.2%

NASDAQ PYPL opened at $53.31 on Friday. The firm has a market cap of $45.60 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.28. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.21. The stock’s 50 day simple moving average is $55.78 and its 200 day simple moving average is $48.99. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL) last issued 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 firm had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.

PayPal Announces Dividend

The firm 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 $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s payout ratio is currently 10.59%.

Insider Buying and Selling

In other PayPal news, CAO Chris Natali sold 1,337 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $77,679.70. Following the sale, the chief accounting officer owned 2,216 shares of the company’s stock, valued at $128,749.60. This represents a 37.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 4,162 shares of the firm’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 sale, the insider owned 30,983 shares of the company’s stock, valued at $1,888,723.68. The trade was a 11.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,774 shares of company stock worth $848,095 in the last 90 days. Corporate insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

PYPL has been the subject of a number of recent research reports. Argus set a $70.00 target price on PayPal in a report on Wednesday, July 29th. The Goldman Sachs Group set a $50.00 price target on PayPal in a research note on Tuesday, July 28th. Susquehanna upped their price target on PayPal from $63.00 to $67.00 and gave the company a “positive” rating in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods increased their price objective on PayPal from $55.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Truist Financial reduced their target price on shares of PayPal from $62.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, August 31st. Nine investment analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, PayPal has a consensus rating of “Hold” and an average price target of $56.03.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal, M0 and MoonPay launched PYUSDx, a developer platform that allows businesses to create financial products and customized digital-dollar offerings using PayPal’s PYUSD stablecoin. Three projects have already processed more than $100 million, offering a potential new source of payments and stablecoin-related growth. PayPal Debuts Developer Platform Tied to PYUSD Stablecoin
• Positive Sentiment: CEO Enrique Lores defended keeping PayPal as one company rather than splitting it up, while outlining three focused business lines. The plan includes greater emphasis on Venmo and Braintree growth and approximately $1.5 billion in cost savings, which could improve efficiency and margins. PayPal CEO Reveals Business Model Shift
• Positive Sentiment: PayPal’s latest quarterly results exceeded expectations, with $1.38 in earnings per share and $8.68 billion in revenue. Combined with stablecoin expansion and a low P/E ratio, these factors support the view that the shares may have recovery potential.
• Neutral Sentiment: Lores said PayPal is keeping its options open amid buyout speculation, but he pushed back against selling the company cheaply. The comments may revive takeover interest, although no transaction has been announced. PayPal Keeping Options Open Amid Buyout Rumors
• Neutral Sentiment: Chief Accounting Officer Chris Natali sold 552 shares under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled transaction is a limited signal about management’s current outlook.
• Negative Sentiment: Analysts and commentators continue to warn that PayPal faces formidable competition, slowing growth and execution challenges. The stock remains roughly 30% below its 52-week high, leaving investors focused on whether the turnaround can produce sustained transaction and user growth. Is PayPal Stock a Buy, Sell, or Hold

PayPal Profile

PayPal Holdings, Inc is a digital payments and financial technology company that operates a global platform for consumers and businesses. Its services enable customers to send and receive money, make purchases online and in stores, and accept payments through digital checkout solutions. PayPal supports transactions using linked bank accounts, debit and credit cards, stored balances and other payment methods.

The company’s consumer and merchant offerings include the PayPal wallet, PayPal Checkout, PayPal Zettle point-of-sale tools, PayPal Braintree payment processing and PayPal Complete Payments.