Quantitative Investment Management LLC Has $7.21 Million Stake in PayPal Holdings, Inc. $PYPL

Quantitative Investment Management LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.3% during the second quarter, HoldingsChannel.com reports. The fund owned 166,966 shares of the credit services provider’s stock after buying an additional 22,206 shares during the quarter. PayPal accounts for about 0.8% of Quantitative Investment Management LLC’s holdings, making the stock its 27th biggest position. Quantitative Investment Management LLC’s holdings in PayPal were worth $7,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC raised its position in shares of PayPal by 137.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 1,304,178 shares of the credit services provider’s stock worth $56,314,000 after acquiring an additional 754,449 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of PayPal by 444.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 43,016 shares of the credit services provider’s stock valued at $1,857,000 after purchasing an additional 35,119 shares in the last quarter. GTS Securities LLC boosted its position in shares of PayPal by 353.5% during the 2nd quarter. GTS Securities LLC now owns 38,547 shares of the credit services provider’s stock valued at $1,664,000 after purchasing an additional 30,047 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in PayPal by 2.0% during the second 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 during the period. Finally, New Mexico Educational Retirement Board grew its stake in PayPal by 5.5% during the second quarter. New Mexico Educational Retirement Board now owns 45,898 shares of the credit services provider’s stock worth $1,982,000 after purchasing an additional 2,400 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the topic of several recent analyst reports. Canaccord Genuity Group reissued a “hold” rating and issued a $55.00 price target on shares of PayPal in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $50.00 price objective on shares of PayPal in a research note on Tuesday, July 28th. Royal Bank Of Canada boosted their target price on shares of PayPal from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Cantor Fitzgerald raised their price target on shares of PayPal from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Clear Str raised shares of PayPal to a “hold” rating in a research note on Thursday, July 16th. Nine analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.14.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total value of $253,715.52. Following the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $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 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 PayPal stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $77,679.70. Following the transaction, the chief accounting officer owned 2,216 shares of the company’s stock, valued at $128,749.60. This represents a 37.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 14,774 shares of company stock worth $738,249. Insiders own 0.63% of the company’s stock.

PayPal News Roundup

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 Stock Performance

Shares of PayPal stock opened at $53.66 on Monday. The stock has a market capitalization of $45.90 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.31 and a beta of 1.29. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.21. The stock has a 50 day moving average price of $53.88 and a two-hundred day moving average price of $48.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29.

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. PayPal had a return on equity of 24.39% and a net margin of 14.36%.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 prior year, the firm earned $1.40 earnings per share. PayPal’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal 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 issued 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 is presently 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.