Public Employees Retirement System of Ohio Purchases New Holdings in PayPal Holdings, Inc. $PYPL

Public Employees Retirement System of Ohio purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 312,113 shares of the credit services provider’s stock, valued at approximately $13,477,000.

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of PayPal during the 2nd quarter worth approximately $3,236,989,000. Bank of America Corp DE acquired a new position in PayPal during the second quarter worth $975,563,000. Norges Bank bought a new stake in PayPal during the fourth quarter worth $949,758,000. Primecap Management Co. CA bought a new stake in PayPal during the second quarter worth $422,092,000. Finally, Corient Private Wealth LP acquired a new stake in PayPal in the second quarter valued at $20,758,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insiders Place Their Bets

In other news, insider Frank Keller sold 732 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $42,529.20. Following the transaction, the insider owned 41,567 shares in the company, valued at approximately $2,415,042.70. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of PayPal 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 sale, 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 worth $738,249 over the last three months. Insiders own 0.63% of the company’s stock.

PayPal Price Performance

NASDAQ:PYPL opened at $53.66 on Monday. The company has a market cap of $45.90 billion, a P/E ratio of 10.14, a P/E/G ratio of 1.31 and a beta of 1.29. The firm’s fifty day moving average price is $53.88 and its two-hundred day moving average price is $48.16. PayPal Holdings, Inc. has a one year low of $38.46 and a one 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.

PayPal (NASDAQ:PYPL) last posted its 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. The company had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. PayPal’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 EPS. Equities analysts expect that PayPal Holdings, Inc. will post 5.38 earnings per share for the current 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 given a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 1.0%. PayPal’s dividend payout ratio (DPR) is 10.59%.

Analyst Ratings Changes

A number of research analysts have recently commented on PYPL shares. Robert W. Baird lifted their price objective on shares of PayPal from $50.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Argus set a $70.00 target price on shares of PayPal in a report on Wednesday, July 29th. William Blair reiterated a “market perform” rating on shares of PayPal in a research note on Wednesday, July 15th. BNP Paribas Exane lifted their price target on PayPal from $43.50 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Finally, Bank of America lowered their price target on PayPal from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PayPal has an average rating of “Hold” and a consensus target price of $56.14.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Some market observers argue that PayPal’s board protected potentially greater long-term shareholder value by rejecting the reported $60.50-per-share offer, which valued the company at approximately $53 billion. Options pricing also continues to indicate a bullish bias among some traders. PayPal Drops 12% Overnight on Dead Stripe Deal
• Positive Sentiment: PayPal remains an independent turnaround story, with recent initiatives expanding PayPal and Venmo tuition-payment integrations through campus platforms. Investors will now focus more closely on whether management can improve growth and execution without takeover support. PayPal Tuition Payment Push
• Neutral Sentiment: The failed transaction removes a major change-of-control catalyst and returns attention to PayPal’s standalone fundamentals. The company recently exceeded quarterly earnings and revenue expectations, but revenue growth remained modest and earnings per share declined year over year, leaving execution of its turnaround as the key valuation driver.
• Negative Sentiment: The reported withdrawal eliminates the takeover premium that had supported PYPL during weeks of deal speculation. Reports cited valuation concerns, regulatory hurdles and a breakdown in negotiations; the abrupt reversal has therefore prompted investors to reassess PayPal at its lower standalone valuation. PayPal Shares Fall After Consortium Abandons Takeover Pursuit
• Negative Sentiment: Analysts, including Mizuho, are highlighting risks facing PayPal after the deal collapsed. The heavy trading volume and test of the 50-day moving average indicate heightened uncertainty as investors await evidence that the company can generate sufficient growth independently. Why PayPal Stock Is Down and What Mizuho Thinks Comes Next

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.