15,039 Shares in PayPal Holdings, Inc. $PYPL Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 15,039 shares of the credit services provider’s stock, valued at approximately $649,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PYPL. Beacon Pointe Advisors LLC bought a new stake in shares of PayPal during the 2nd quarter valued at $6,472,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of PayPal in the second quarter worth $260,000. Rakuten Investment Management Inc. acquired a new position in PayPal in the second quarter valued at about $9,362,000. Orion Capital Management LLC acquired a new position in PayPal in the second quarter valued at about $30,000. Finally, Glenview Trust Co bought a new stake in PayPal during the second quarter worth about $468,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $45.00 target price on shares of PayPal in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of PayPal from $46.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Daiwa Securities Group raised shares of PayPal from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald boosted their price objective on shares of PayPal from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Wednesday, July 15th. Nine research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, PayPal presently has an average rating of “Hold” and a consensus price target of $56.14.

PayPal Price Performance

PYPL stock opened at $53.66 on Monday. The stock has a market capitalization of $45.90 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 1.31 and a beta of 1.29. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.21. The firm has a 50-day moving average price of $53.88 and a 200-day moving average price of $48.16.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The company had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $1.40 EPS. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.14 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. PayPal’s dividend payout ratio (DPR) is currently 10.59%.

Key Stories Impacting 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

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $77,679.70. Following the sale, the chief accounting officer 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 transaction was disclosed in a filing 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 Suzan Kereere sold 4,162 shares of the 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 completion of the transaction, the insider owned 30,983 shares of the company’s stock, valued at $1,888,723.68. The trade was a 11.84% 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 quarter, insiders have sold 14,774 shares of company stock valued at $738,249. 0.63% of the stock is currently owned by insiders.

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.