PayPal Holdings, Inc. $PYPL Stock Holdings Reduced by Profund Advisors LLC

Profund Advisors LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 85,058 shares of the credit services provider’s stock after selling 9,168 shares during the period. Profund Advisors LLC’s holdings in PayPal were worth $4,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. ACT Wealth Management LLC lifted its stake in PayPal by 1.2% in the 3rd quarter. ACT Wealth Management LLC now owns 17,783 shares of the credit services provider’s stock worth $934,000 after purchasing an additional 215 shares in the last quarter. Jackson Thornton Wealth Management LLC increased its holdings in shares of PayPal by 3.5% in the 1st quarter. Jackson Thornton Wealth Management LLC now owns 7,110 shares of the credit services provider’s stock valued at $322,000 after acquiring an additional 238 shares during the last quarter. Earned Wealth Advisors LLC raised its stake in PayPal by 2.0% during the 1st quarter. Earned Wealth Advisors LLC now owns 12,608 shares of the credit services provider’s stock worth $570,000 after acquiring an additional 248 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in PayPal by 3.7% in the first quarter. Koshinski Asset Management Inc. now owns 7,629 shares of the credit services provider’s stock valued at $345,000 after buying an additional 275 shares during the last quarter. Finally, Gryphon Financial Partners LLC raised its holdings in shares of PayPal by 5.0% in the first quarter. Gryphon Financial Partners LLC now owns 6,292 shares of the credit services provider’s stock valued at $285,000 after buying an additional 301 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PYPL shares. Jefferies Financial Group upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, July 28th. Bank of America upped their target price on PayPal from $53.00 to $54.00 and gave the company an “underperform” rating in a research note on Wednesday. Weiss Ratings cut PayPal from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday. Morgan Stanley lifted their price target on shares of PayPal from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, HSBC began coverage on shares of PayPal in a research note on Friday, July 24th. They set a “buy” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, thirty-one have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.94.

PayPal Trading Up 0.1%

Shares of NASDAQ PYPL opened at $57.01 on Friday. The business has a fifty day simple moving average of $55.36 and a 200-day simple moving average of $50.04. The company has a market cap of $47.36 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 1.21 and a beta of 1.27. The company has a quick ratio of 1.29, a current ratio of 1.26 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $70.35.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 27th. The credit services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. The firm had revenue of $8.58 billion during the quarter, compared to analyst estimates of $8.71 billion. PayPal had a net margin of 13.78% and a return on equity of 24.39%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.58 EPS for the current year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. PayPal’s dividend payout ratio (DPR) is presently 10.69%.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal’s earnings-call commentary highlighted progress in diversifying beyond its traditional checkout business, including growth in financial services, strong Venmo engagement, product expansion and continued cost discipline. These developments suggest improving operating execution and helped support the stock. The 5 most interesting analyst questions from PayPal’s Q3 earnings call
• Positive Sentiment: PayPal remains viewed as a potentially attractive value stock: commentary points to ongoing revenue growth, robust free cash flow and substantial share-repurchase capacity. Its relatively low valuation could provide downside support if the turnaround gains traction. Is PayPal Stock a Value or a Value Trap?
• Neutral Sentiment: KeyCorp raised its 2027 EPS forecasts for the first and third quarters but lowered its fourth-quarter estimate, leaving the overall earnings outlook mixed rather than materially changed.
• Neutral Sentiment: PayPal is included among financial-transaction companies that could benefit from resilient consumer spending, cross-border payments and strategic acquisitions. However, rising technology costs and inflation remain industry-wide risks. 5 Financial Transaction Stocks to Watch Amid Cost and Inflation Pressure
• Negative Sentiment: Barclays downgraded PayPal to Underweight and cut its price target to $53 from $56, citing slowing growth in core checkout, secular pressure on the branded button and a lower likelihood of a takeover. Barclays lowers PayPal stock to Underweight on slowing fundamentals
• Negative Sentiment: Several firms, including Canaccord Genuity, Needham, BTIG and Bernstein, maintained Hold or Neutral views, while Citigroup lowered its expectations. The broad lack of bullish analyst conviction continues to weigh on sentiment.

Insiders Place Their Bets

In other news, CAO Chris Natali sold 552 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $54.80, for a total value of $30,249.60. Following the sale, the chief accounting officer owned 2,400 shares in the company, valued at approximately $131,520. This trade represents a 18.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $55.72, for a total transaction of $188,277.88. Following the completion of the sale, the insider owned 30,983 shares in the company, valued at $1,726,372.76. This represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,437 shares of company stock valued at $768,417 over the last 90 days. 0.63% of the stock is currently owned by company insiders.

PayPal Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and businesses to send, receive, and manage money online and through mobile devices. Its services support online checkout, peer-to-peer payments, money transfers, payment processing, invoicing, and other commerce-related transactions.

The company’s portfolio includes the PayPal and Venmo brands, Braintree’s payment processing technology, and Xoom’s international money transfer service. PayPal also offers merchant tools, digital wallets, payment solutions, and consumer financing products through its platform and related services.

PayPal traces its origins to 1998 and became an independent publicly traded company after separating from eBay in 2015.