Edmond DE Rothschild Holding S.A. Makes New $916,000 Investment in PayPal Holdings, Inc. $PYPL

Edmond DE Rothschild Holding S.A. bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 21,207 shares of the credit services provider’s stock, valued at approximately $916,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in PayPal in the second quarter worth $3,236,989,000. Norges Bank bought a new position in PayPal in the fourth quarter worth $949,758,000. Bank of America Corp DE lifted its position in PayPal by 67.9% during the first quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock valued at $1,158,554,000 after buying an additional 10,356,256 shares during the period. Amundi lifted its position in PayPal by 227.6% during the first quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock valued at $624,364,000 after buying an additional 9,590,488 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of PayPal during the 2nd quarter valued at $251,215,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

In related news, insider Frank Keller sold 4,612 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total value of $196,194.48. Following the completion of the transaction, the insider directly owned 41,567 shares in the company, valued at $1,768,260.18. The trade was a 9.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total value of $77,679.70. Following the completion of the transaction, the chief accounting officer directly owned 2,216 shares in the company, valued at $128,749.60. This trade represents a 37.63% 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. Over the last 90 days, insiders have sold 14,774 shares of company stock worth $738,249. Corporate insiders own 0.63% of the company’s stock.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Takeover speculation supported the stock. Deal chatter involving a possible Stripe and Advent International offer resurfaced, encouraging investors to view PayPal as a potential acquisition target. No offer or transaction has been confirmed, so the catalyst remains speculative. PayPal takeover speculation
• Positive Sentiment: Tuition-payment integrations expand PayPal’s potential transaction volume. PayPal and Venmo are now available through Illumia, Nelnet Campus Commerce and TouchNet, with participating schools including Bellarmine University, Butler University, Kansas State University, Michigan State University and Texas Tech. The initiative adds a recurring, high-value payment use case, though its near-term revenue contribution is unclear. PayPal and Venmo tuition-payment expansion
• Positive Sentiment: PayPal outperformed some buy-now-pay-later peers. Klarna and Affirm declined as PayPal remained positive, suggesting investors may be favoring the scale, established customer base and broader financial-services platform of more mature payment companies. PayPal and BNPL stock rotation
• Neutral Sentiment: Options pricing reflects substantial uncertainty. The options market implies a broad potential trading range over the coming year, consistent with uncertainty surrounding PayPal’s turnaround prospects and possible corporate activity. PayPal options outlook
• Neutral Sentiment: An insider sale was a modest cautionary signal. Suzan Kereere sold 4,162 shares worth approximately $253,716 under a pre-arranged Rule 10b5-1 plan. She retained 30,983 shares, reducing the significance of the transaction as an indicator of business prospects. PayPal insider sale filing
• Negative Sentiment: Competitive and valuation risks remain. TikTok is reportedly developing a peer-to-peer payment feature that could challenge Venmo’s social-payments positioning. Jim Cramer also warned that some fintech stocks, including PayPal, may be priced for optimistic outcomes. TikTok peer-to-peer payment report

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $62.30 on Friday. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day moving average price of $51.73 and a 200-day moving average price of $47.42. The company has a market capitalization of $53.30 billion, a PE ratio of 11.78, a PEG ratio of 1.49 and a beta of 1.30.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The company had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter in the previous year, the business posted $1.40 EPS. PayPal’s revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 0.9%. PayPal’s payout ratio is 10.59%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PYPL. UBS Group set a $45.00 target price on shares of PayPal in a research report on Wednesday, July 29th. Citigroup boosted their price objective on shares of PayPal from $48.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Canaccord Genuity Group reissued a “hold” rating and set a $55.00 price objective on shares of PayPal in a research note on Wednesday, July 29th. Piper Sandler upped their price objective on shares of PayPal from $42.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $45.00 target price on shares of PayPal in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus target price of $56.28.

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.