Savant Capital LLC decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 59.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,574 shares of the credit services provider’s stock after selling 21,028 shares during the period. Savant Capital LLC’s holdings in PayPal were worth $851,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Foundations Investment Advisors LLC boosted its stake in shares of PayPal by 7.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 7,176 shares of the credit services provider’s stock worth $419,000 after acquiring an additional 498 shares during the period. Kingsview Wealth Management LLC boosted its stake in shares of PayPal by 33.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 22,532 shares of the credit services provider’s stock worth $1,315,000 after acquiring an additional 5,649 shares during the period. GHE LLC boosted its stake in shares of PayPal by 5.7% in the fourth quarter. GHE LLC now owns 28,040 shares of the credit services provider’s stock worth $1,637,000 after acquiring an additional 1,500 shares during the period. Poinciana Advisors Group LLC bought a new position in shares of PayPal in the fourth quarter worth about $257,000. Finally, Arvest Bank Trust Division bought a new position in shares of PayPal in the fourth quarter worth about $1,129,000. Institutional investors own 68.32% of the company’s stock.
PayPal Price Performance
NASDAQ:PYPL opened at $44.53 on Wednesday. The firm has a market capitalization of $39.28 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 1.13 and a beta of 1.34. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50. The business has a 50 day simple moving average of $46.34 and a 200-day simple moving average of $51.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26.
PayPal Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is presently 10.51%.
Trending Headlines about PayPal
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: PayPal is drawing bullish attention after a rating upgrade suggested its business reset could start rewarding patient investors, which may be helping sentiment around the stock. PayPal’s Reset Could Finally Reward Patient Buyers (Rating Upgrade)
- Positive Sentiment: Michael Burry disclosed a significant bet on PayPal, which can boost investor confidence by signaling that a well-known value investor sees upside in the shares. Michael Burry Bets On PayPal Stock As It Trades Over 80% Down From 2021 Highs
- Positive Sentiment: PayPal and Hey Savi launched the UK’s first agentic commerce platform with in-app checkout, highlighting PayPal’s push into AI-driven shopping and new checkout experiences. Hey Savi and PayPal Launch UK’s First Agentic Commerce Platform with In-App Checkout; Debenhams Group Joins as First Retail Adopter
- Neutral Sentiment: PayPal is being discussed heavily across investor sites, but the article mainly reflects heightened attention rather than a new fundamental development. Investors Heavily Search PayPal Holdings, Inc. (PYPL): Here is What You Need to Know
- Neutral Sentiment: A story about Apple’s possible bill-splitting feature notes pressure on PayPal and Block, but it is still only a prospective product and not an immediate earnings driver. Apple Plans iPhone Bill Splitting as PayPal, Block Pare Gains
- Neutral Sentiment: Coverage on PayPal CEO leadership and the company’s AI efforts adds background context, but the headline alone does not indicate a major new financial catalyst. PayPal CEO leans on AI chief
- Negative Sentiment: Apple’s rumored bill-splitting tool could increase competition in consumer payments and checkout, potentially pressuring PayPal’s growth narrative over time. Apple Plans iPhone Bill Splitting as PayPal, Block Pare Gains
Insider Activity at PayPal
In other news, CAO Chris Natali sold 1,337 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the sale, the chief accounting officer directly owned 1,586 shares of the company’s stock, valued at $78,443.56. This trade represents a 45.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total value of $536,170.72. Following the completion of the sale, the insider directly owned 41,567 shares of the company’s stock, valued at $2,076,687.32. The trade was a 20.52% 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. 0.63% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $59.00 target price on shares of PayPal in a research report on Wednesday, May 6th. Mizuho reiterated a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of PayPal in a research report on Thursday, April 16th. KGI Securities reiterated a “hold” rating and issued a $55.00 target price on shares of PayPal in a research report on Monday, March 2nd. Finally, Rothschild & Co Redburn decreased their target price on PayPal from $50.00 to $32.00 and set a “sell” rating on the stock in a research report on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of “Hold” and an average target price of $55.85.
View Our Latest Stock Report on PYPL
About PayPal
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.
Further Reading
- Five stocks we like better than PayPal
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear Case—Is a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report).
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.
