259,339 Shares in PayPal Holdings, Inc. $PYPL Purchased by Nykredit A S

Nykredit A S purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 259,339 shares of the credit services provider’s stock, valued at approximately $11,198,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of PayPal during the 2nd quarter worth about $3,236,989,000. Bank of America Corp DE purchased a new stake in PayPal in the second quarter valued at approximately $975,563,000. Norges Bank acquired a new position in PayPal during the fourth quarter worth approximately $949,758,000. Primecap Management Co. CA purchased a new position in PayPal during the second quarter worth approximately $422,092,000. Finally, Corient Private Wealth LP purchased a new position in PayPal during the second quarter worth approximately $20,758,000. 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: Renewed takeover speculation, including reports of possible interest from Stripe and discussion of a potential bid near $50 billion, has provided support by raising the possibility of a premium transaction. The reports remain unconfirmed. PayPal Stock Jumps on Fresh Takeover Speculation
• Positive Sentiment: PayPal’s buy-now-pay-later, credit and debit products are expanding its financial-services offering and could increase customer engagement, transaction volume and revenue growth. PayPal’s BNPL and Credit Growth
• Neutral Sentiment: The company is approaching an ex-dividend date, while its low earnings valuation may attract value-oriented investors. However, valuation support has not fully offset concerns about growth and execution. PayPal stock gains ahead of ex-dividend date
• Negative Sentiment: PayPal reportedly paused the proposed sale of its venture-capital portfolio after potential buyers offered substantially less than expected. The decision reduces near-term proceeds from a noncore-asset sale and suggests difficult market conditions for the portfolio. PayPal pauses venture portfolio sale
• Negative Sentiment: PayPal is eliminating 251 positions at its San Jose headquarters and has also cut jobs in India and Ireland as part of its multiyear restructuring. While the reductions could lower costs over time, the repeated layoffs highlight ongoing operational pressure and uncertainty about the turnaround. PayPal adds another round of layoffs

Insider Activity

In related news, insider Frank Keller sold 732 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $42,529.20. Following the completion of the sale, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $2,415,042.70. This trade represents a 1.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer owned 2,216 shares in the company, valued at $128,749.60. This represents a 37.63% 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. Over the last three months, insiders sold 6,231 shares of company stock worth $373,924. 0.63% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PYPL. JPMorgan Chase & Co. boosted their price objective on shares of PayPal from $46.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded PayPal from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Morgan Stanley set a $45.00 target price on PayPal in a report on Wednesday, July 29th. BNP Paribas Exane raised their price objective on PayPal from $43.50 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Finally, Loop Capital reduced their price objective on PayPal from $62.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, August 28th. Nine analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Hold” and a consensus target price of $56.03.

PayPal Price Performance

PYPL stock opened at $54.96 on Friday. 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 Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.21. The firm has a market cap of $47.02 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 1.17 and a beta of 1.28. The stock has a 50-day simple moving average of $55.05 and a 200-day simple moving average of $48.59.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. The business had revenue of $8.68 billion for 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 company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $1.40 EPS. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.

PayPal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s payout ratio is presently 10.59%.

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.