Renaissance Group LLC Has $24.12 Million Stock Position in PayPal Holdings, Inc. $PYPL

Renaissance Group LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 413,211 shares of the credit services provider’s stock after selling 28,566 shares during the period. Renaissance Group LLC’s holdings in PayPal were worth $24,123,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PYPL. Kelleher Financial Advisors acquired a new position in PayPal in the third quarter valued at about $30,000. Private Wealth Asset Management LLC lifted its holdings in shares of PayPal by 8,700.0% during the 4th quarter. Private Wealth Asset Management LLC now owns 528 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 522 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of PayPal in the 4th quarter valued at approximately $31,000. Torren Management LLC bought a new stake in PayPal during the 4th quarter worth approximately $31,000. Finally, Strategic Advocates LLC acquired a new stake in PayPal during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 1.8%

PYPL stock opened at $40.70 on Thursday. The company has a market cap of $35.90 billion, a price-to-earnings ratio of 7.64, a P/E/G ratio of 1.04 and a beta of 1.34. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The business has a 50 day moving average price of $45.99 and a two-hundred day moving average price of $50.12. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The company had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter in the prior year, the firm posted $1.33 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.14 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

Insider Activity

In other news, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the transaction, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. The trade was 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 company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total transaction of $536,170.72. Following the completion of the sale, the insider directly owned 41,567 shares in the company, valued at approximately $2,076,687.32. The trade was a 20.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,612 shares of company stock valued at $966,623 in the last quarter. Company insiders own 0.63% of the company’s stock.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal announced a new embedded payments partnership with Shopware, launching Shopware Payments and expanding PayPal checkout options for merchants. This could help broaden PayPal’s reach across ecommerce platforms and support future payment volume growth. Shopware Payments Deepens PayPal’s Embedded Reach As Valuation Gap Widens
• Positive Sentiment: PayPal also highlighted consumer spending research showing 44% of Canadian shoppers would cut everyday expenses to fund summer soccer-related spending, reinforcing its visibility into spending behavior and potentially supporting payment activity around major events. Goal vs. Going Out: New PayPal Poll shows 44% of Canadians surveyed would sideline everyday spending for summer soccer
• Neutral Sentiment: Analyst commentary indicated PayPal continues to be viewed as a “Hold”, suggesting investors remain cautious and are waiting for clearer evidence of sustained growth or margin improvement. PayPal Holdings, Inc. (NASDAQ:PYPL) Receives Consensus Rating of “Hold” from Analysts
• Negative Sentiment: Recent coverage noted PayPal’s stock has been declining more than the broader market, reflecting ongoing investor concern despite the company’s solid earnings history and low valuation. Paypal (PYPL) Declines More Than Market: Some Information for Investors
• Negative Sentiment: Another article argued PayPal may be shifting from a growth story to a deep-value play, which can signal that the market still doubts a near-term reacceleration in growth. PayPal: Goodbye Growth, Hello Deep Value

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Canaccord Genuity Group reiterated a “hold” rating and issued a $42.00 price target on shares of PayPal in a report on Wednesday, May 20th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. The Goldman Sachs Group cut their target price on PayPal from $41.00 to $40.00 in a research note on Wednesday, May 6th. Zacks Research raised shares of PayPal from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of PayPal in a report on Monday, February 23rd. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.85.

PayPal 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.