PayPal Holdings, Inc. $PYPL Stock Sold by Profund Advisors LLC

Profund Advisors LLC reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,058 shares of the credit services provider’s stock after selling 9,168 shares during the quarter. Profund Advisors LLC’s holdings in PayPal were worth $4,468,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in PayPal in the 2nd quarter valued at about $97,372,000. S&CO Inc. acquired a new position in PayPal during the 2nd quarter valued at about $18,827,000. Swiss National Bank increased its holdings in PayPal by 4.9% during the 1st quarter. Swiss National Bank now owns 2,608,600 shares of the credit services provider’s stock worth $117,987,000 after purchasing an additional 121,400 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in PayPal by 2.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,593,196 shares of the credit services provider’s stock worth $284,694,000 after purchasing an additional 128,426 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of PayPal in the second quarter worth approximately $975,563,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Key PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal’s earnings-call commentary highlighted progress in diversifying beyond its traditional checkout business, including growth in financial services, strong Venmo engagement, product expansion and continued cost discipline. These developments suggest improving operating execution and helped support the stock. The 5 most interesting analyst questions from PayPal’s Q3 earnings call
• Positive Sentiment: PayPal remains viewed as a potentially attractive value stock: commentary points to ongoing revenue growth, robust free cash flow and substantial share-repurchase capacity. Its relatively low valuation could provide downside support if the turnaround gains traction. Is PayPal Stock a Value or a Value Trap?
• Neutral Sentiment: KeyCorp raised its 2027 EPS forecasts for the first and third quarters but lowered its fourth-quarter estimate, leaving the overall earnings outlook mixed rather than materially changed.
• Neutral Sentiment: PayPal is included among financial-transaction companies that could benefit from resilient consumer spending, cross-border payments and strategic acquisitions. However, rising technology costs and inflation remain industry-wide risks. 5 Financial Transaction Stocks to Watch Amid Cost and Inflation Pressure
• Negative Sentiment: Barclays downgraded PayPal to Underweight and cut its price target to $53 from $56, citing slowing growth in core checkout, secular pressure on the branded button and a lower likelihood of a takeover. Barclays lowers PayPal stock to Underweight on slowing fundamentals
• Negative Sentiment: Several firms, including Canaccord Genuity, Needham, BTIG and Bernstein, maintained Hold or Neutral views, while Citigroup lowered its expectations. The broad lack of bullish analyst conviction continues to weigh on sentiment.

Insider Buying and Selling at PayPal

In other PayPal news, CAO Chris Natali sold 552 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $54.80, for a total value of $30,249.60. Following the completion of the transaction, the chief accounting officer directly owned 2,400 shares in the company, valued at $131,520. This represents a 18.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $55.43, for a total value of $255,643.16. Following the transaction, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $2,304,058.81. The trade was a 9.99% 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. Over the last 90 days, insiders have sold 13,437 shares of company stock valued at $768,417. 0.63% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PYPL. Loop Capital dropped their target price on PayPal from $62.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, August 28th. The Goldman Sachs Group set a $50.00 price target on PayPal in a report on Tuesday, July 28th. HSBC started coverage on PayPal in a research report on Friday, July 24th. They issued a “buy” rating for the company. Barclays dropped their price objective on PayPal from $57.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Friday, October 9th. Finally, UBS Group cut their price objective on shares of PayPal from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, thirty-one have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, PayPal has a consensus rating of “Hold” and a consensus target price of $55.94.

PayPal Price Performance

PYPL stock opened at $57.01 on Friday. The firm has a market cap of $47.36 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.21 and a beta of 1.27. The firm’s fifty day moving average is $55.36 and its 200 day moving average is $50.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.29 and a current ratio of 1.26. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $70.35.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 27th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. The company had revenue of $8.58 billion for the quarter, compared to the consensus estimate of $8.71 billion. PayPal had a return on equity of 24.39% and a net margin of 13.78%. PayPal’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 EPS. Research analysts predict that PayPal Holdings, Inc. will post 5.58 earnings per share for the current year.

PayPal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, December 4th. PayPal’s dividend payout ratio (DPR) is currently 10.69%.

PayPal Company Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and businesses to send, receive, and manage money online and through mobile devices. Its services support online checkout, peer-to-peer payments, money transfers, payment processing, invoicing, and other commerce-related transactions.

The company’s portfolio includes the PayPal and Venmo brands, Braintree’s payment processing technology, and Xoom’s international money transfer service. PayPal also offers merchant tools, digital wallets, payment solutions, and consumer financing products through its platform and related services.

PayPal traces its origins to 1998 and became an independent publicly traded company after separating from eBay in 2015.