PayPal Holdings, Inc. $PYPL Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 894,676 shares of the credit services provider’s stock after buying an additional 17,016 shares during the quarter. New York State Teachers Retirement System’s holdings in PayPal were worth $40,466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bard Associates Inc. purchased a new position in PayPal during the 4th quarter valued at about $25,000. Kelleher Financial Advisors purchased a new stake in shares of PayPal in the third quarter valued at about $30,000. Caitong International Asset Management Co. Ltd grew its position in shares of PayPal by 15,233.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 457 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $28,000. Finally, Advocate Investing Services LLC purchased a new position in shares of PayPal during the 4th quarter worth approximately $30,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In related news, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the transaction, the chief accounting officer directly owned 1,586 shares in the company, valued at approximately $78,443.56. This represents a 45.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 transaction, the insider owned 41,567 shares in the company, valued at $1,768,260.18. This trade represents a 9.99% 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 have sold 20,612 shares of company stock worth $966,623 over the last quarter. 0.63% of the stock is currently owned by insiders.

More PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal joined the European Payments Council, a move that could strengthen its role in shaping European payment rules and support long-term growth in the region. PayPal Stock (PYPL) Pops 3% on Joining EU Payments Council
• Positive Sentiment: Additional coverage highlighted PayPal’s EPC membership as a strategic step toward influencing the future of European payments and instant-transfer infrastructure. PayPal Secures EPC Seat to Help Guide Future of European Payments
• Neutral Sentiment: Unusual options activity included cheap out-of-the-money July 10 calls in PYPL, suggesting speculative trading interest rather than a clear fundamental catalyst. Five July 4th Fireworks: Unusual Options Activity Flags Cheap Lottery-Ticket Calls in CHWY, AVGO, PYPL, STLA and WMT
• Neutral Sentiment: A shareholder litigation firm said it is investigating PayPal’s officers and directors for possible fiduciary-duty issues, but this is only an early-stage legal probe and not a formal case. Kuehn Law Encourages Investors of PayPal Holdings, Inc. to Contact Law Firm

PayPal Stock Performance

Shares of PYPL opened at $45.47 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $40.11 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.13 and a beta of 1.33. The company’s 50 day simple moving average is $44.49 and its 200 day simple moving average is $48.00. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The firm had revenue of $8.35 billion for the quarter, compared to analyst estimates of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. PayPal’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 earnings per share. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 5.32 EPS for the current year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. PayPal’s dividend payout ratio (DPR) is 10.51%.

Analysts Set New Price Targets

Several research analysts recently issued reports on PYPL shares. The Goldman Sachs Group lifted their price objective on PayPal from $40.00 to $41.00 and gave the stock a “sell” rating in a research report on Monday, June 29th. Mizuho reissued a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of PayPal in a research report on Thursday, April 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $59.00 price target on shares of PayPal in a report on Wednesday, May 6th. Truist Financial reduced their price objective on PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on PayPal from $50.00 to $45.00 in a research report on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, PayPal has an average rating of “Hold” and an average price target of $55.01.

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.