Meeder Advisory Services Inc. Takes $578,000 Position in PayPal Holdings, Inc. $PYPL

Meeder Advisory Services Inc. acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,395 shares of the credit services provider’s stock, valued at approximately $578,000.

Other institutional investors also recently bought and sold shares of the company. Citizens Financial Group Inc. RI bought a new position in shares of PayPal in the second quarter worth about $679,000. Grandfield & Dodd LLC bought a new position in shares of PayPal during the 2nd quarter valued at approximately $16,540,000. BlackRock Inc. bought a new position in shares of PayPal during the 2nd quarter valued at approximately $3,236,989,000. Occidental Asset Management LLC purchased a new stake in PayPal in the 2nd quarter worth approximately $211,000. Finally, Pallas Capital Advisors LLC purchased a new stake in PayPal in the 2nd quarter worth approximately $312,000. 68.32% of the stock is owned by institutional investors.

Key PayPal News

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

Insider Buying and Selling at PayPal

In related news, insider Frank Keller sold 4,612 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the sale, the insider directly owned 41,567 shares in the company, valued at approximately $1,768,260.18. The trade was a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the 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 transaction, the chief accounting officer directly owned 2,216 shares of the company’s stock, valued at approximately $128,749.60. The trade was a 37.63% 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 14,774 shares of company stock valued at $738,249 in the last 90 days. Insiders own 0.63% of the company’s stock.

PayPal Trading Up 1.7%

Shares of PYPL opened at $62.30 on Friday. The firm has a market cap of $53.30 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.30. 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 Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.21. The company has a 50 day simple moving average of $51.73 and a two-hundred day simple moving average of $47.42.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. The firm had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. PayPal’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.40 earnings per share. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.

PayPal Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Morgan Stanley set a $45.00 price target on shares of PayPal in a report on Wednesday, July 29th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. TD Cowen raised their price objective on shares of PayPal from $48.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Daiwa Securities Group upgraded shares of PayPal from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 6th. Finally, Telsey Advisory Group downgraded shares of 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 issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, PayPal has an average rating of “Hold” and an average price target of $56.28.

PayPal Company 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.