Van ECK Associates Corp Has $7.27 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

Van ECK Associates Corp decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 26.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 168,430 shares of the credit services provider’s stock after selling 61,120 shares during the period. Van ECK Associates Corp’s holdings in PayPal were worth $7,273,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PYPL. Nissay Asset Management Corp Japan grew its stake in shares of PayPal by 2.2% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 258,278 shares of the credit services provider’s stock worth $11,152,000 after acquiring an additional 5,473 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of PayPal by 10.2% in the second quarter. Wellington Management Group LLP now owns 88,379 shares of the credit services provider’s stock worth $3,816,000 after purchasing an additional 8,154 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of PayPal in the second quarter worth $649,000. Beacon Pointe Advisors LLC acquired a new position in PayPal during the second quarter worth $6,472,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in PayPal during the second quarter worth $260,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several recent research reports. Mizuho set a $51.00 price target on shares of PayPal in a research note on Friday. Jefferies Financial Group upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, July 28th. Canaccord Genuity Group restated a “hold” rating and issued a $55.00 price objective on shares of PayPal in a report on Wednesday, July 29th. TD Cowen lifted their target price on PayPal from $48.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Finally, Telsey Advisory Group lowered PayPal to a “market perform” rating in a report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.03.

Key PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: RBC Capital initiated or reiterated a Buy rating on PayPal, supporting the view that the company’s depressed valuation and cash-generation potential could provide upside as it executes independently. PayPal Holdings Gets a Buy from RBC Capital
• Positive Sentiment: PayPal is cutting jobs as part of a restructuring plan announced in May. The reductions could lower expenses and improve operating efficiency, though investors will watch for evidence that cost savings can offset slower growth. PayPal Makes Job Cuts
• Positive Sentiment: PayPal’s latest reported quarter showed revenue growth of roughly 4.8% and earnings above consensus estimates. Analysts and commentators also point to opportunities to expand beyond checkout and create new monetization channels. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: A Truist analyst maintained a Hold view, reflecting a more cautious stance on PayPal’s growth outlook and valuation. PayPal Receives a Hold from Truist Financial
• Neutral Sentiment: PayPal’s fraud-prevention platform is cited as a major application powered by Aerospike, but the announcement concerns Aerospike’s leadership and is not a material new contract or financial update for PayPal. Aerospike Names Don Dama Chief Executive Officer
• Negative Sentiment: Reports say Stripe and Advent abandoned takeover discussions after PayPal’s second-quarter results. The breakdown removes a possible acquisition premium and shifts investor attention back to PayPal’s standalone growth challenges. Why the PayPal Takeover Fell Apart
• Negative Sentiment: Mizuho and Truist reduced their price targets as buyout hopes collapsed. Truist suggested the failed bid could potentially be a negotiating tactic to lower the purchase price, but that remains speculative and does not restore the near-term deal catalyst. PayPal Gets Multiple Target Cuts
• Negative Sentiment: Elon Musk’s X Money is positioning itself around social commerce, creators and payments, adding to concerns about intensifying competition from integrated fintech platforms. X Money Takes Aim at Something Bigger Than PayPal

Insider Activity

In other news, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total value of $253,715.52. Following the completion of the sale, the insider directly owned 30,983 shares of the company’s stock, valued at $1,888,723.68. This trade represents a 11.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 that occurred on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total value of $77,679.70. Following the transaction, the chief accounting officer directly owned 2,216 shares in the company, valued at $128,749.60. The trade was a 37.63% decrease in their ownership of the stock. 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. Insiders sold a total of 6,231 shares of company stock valued at $373,924 over the last three months. Insiders own 0.63% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock opened at $52.40 on Wednesday. The company has a fifty day moving average price of $54.30 and a two-hundred day moving average price of $48.32. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.21. The stock has a market cap of $44.83 billion, a P/E ratio of 9.91, a P/E/G ratio of 1.28 and a beta of 1.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $8.47 billion. During the same period in the previous year, the business earned $1.40 EPS. PayPal’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be paid a $0.14 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 1.1%. PayPal’s dividend payout ratio is currently 10.59%.

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.