PayPal Holdings, Inc. $PYPL Position Reduced by King Luther Capital Management Corp

King Luther Capital Management Corp trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 501,885 shares of the credit services provider’s stock after selling 23,315 shares during the quarter. King Luther Capital Management Corp owned approximately 0.05% of PayPal worth $29,300,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kelleher Financial Advisors bought a new position in PayPal during the 3rd quarter valued at $30,000. Cloud Capital Management LLC bought a new position in PayPal during the 3rd quarter valued at $30,000. Torren Management LLC bought a new position in PayPal during the 4th quarter valued at $31,000. Strategic Advocates LLC bought a new position in PayPal during the 3rd quarter valued at $38,000. Finally, Steph & Co. boosted its stake in PayPal by 103.1% during the 4th quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 333 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of PayPal from $67.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PayPal from $50.00 to $45.00 in a research report on Monday, May 11th. HSBC downgraded shares of PayPal from a “buy” rating to a “hold” rating and set a $47.00 price target on the stock. in a research report on Wednesday, February 4th. Evercore reduced their price target on shares of PayPal from $65.00 to $40.00 and set an “in-line” rating on the stock in a research report on Tuesday, February 3rd. Finally, William Blair restated a “market perform” rating on shares of PayPal in a research report on Tuesday, February 3rd. Eight analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.85.

PayPal Trading Down 0.9%

PayPal stock opened at $43.76 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50. The firm’s 50-day moving average is $46.35 and its 200-day moving average is $51.58. The company has a market cap of $38.60 billion, a P/E ratio of 8.21, a PEG ratio of 1.11 and a beta of 1.39.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter last year, the company earned $1.33 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is 10.51%.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal expanded its cross-border payments reach through Tencent’s WeChat Pay network, allowing U.S. PayPal users to make purchases at millions of merchants in China by scanning QR codes. The move could strengthen PayPal’s international utility and transaction volume. Article Title
• Positive Sentiment: The company outlined multiple paths to achieve about $1.5 billion in gross run-rate savings, including AI, automation, and restructuring, which supports margins and could lift earnings if execution stays on track. Article Title
• Positive Sentiment: PayPal also highlighted a new travel-related checkout feature through The Tour Guy’s “Reserve Now, Pay Later” offering, reinforcing that PayPal’s payments infrastructure is being adopted in more commerce use cases. Article Title
• Neutral Sentiment: Management presented at Bernstein’s Strategic Decisions Conference, but the transcript itself did not include any major new catalyst beyond reinforcing the company’s current strategy. Article Title
• Negative Sentiment: Some investor commentary continues to suggest that leadership change and Q1 performance concerns may weigh on sentiment, indicating the market still wants clearer proof of a durable turnaround. Article Title

Insider Buying and Selling

In related news, CAO Chris Natali sold 1,337 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. This trade represents a 45.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the completion of the sale, the insider directly owned 41,567 shares in the company, valued at approximately $2,076,687.32. This trade represents a 20.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,373 shares of company stock valued at $2,684,341 in the last quarter. Company insiders own 0.63% of the company’s stock.

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.