PayPal Holdings, Inc. $PYPL Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 704,742 shares of the credit services provider’s stock after purchasing an additional 62,952 shares during the quarter. NEOS Investment Management LLC owned about 0.08% of PayPal worth $30,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bard Associates Inc. acquired a new stake in shares of PayPal in the fourth quarter valued at about $25,000. Allied Private Wealth LLC purchased a new stake in PayPal during the 2nd quarter valued at about $25,000. Robinswood Financial LLC acquired a new stake in PayPal in the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 457 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of PayPal in the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Renewed takeover speculation, including reports of possible interest from Stripe and discussion of a potential bid near $50 billion, has provided support by raising the possibility of a premium transaction. The reports remain unconfirmed. PayPal Stock Jumps on Fresh Takeover Speculation
• Positive Sentiment: PayPal’s buy-now-pay-later, credit and debit products are expanding its financial-services offering and could increase customer engagement, transaction volume and revenue growth. PayPal’s BNPL and Credit Growth
• Neutral Sentiment: The company is approaching an ex-dividend date, while its low earnings valuation may attract value-oriented investors. However, valuation support has not fully offset concerns about growth and execution. PayPal stock gains ahead of ex-dividend date
• Negative Sentiment: PayPal reportedly paused the proposed sale of its venture-capital portfolio after potential buyers offered substantially less than expected. The decision reduces near-term proceeds from a noncore-asset sale and suggests difficult market conditions for the portfolio. PayPal pauses venture portfolio sale
• Negative Sentiment: PayPal is eliminating 251 positions at its San Jose headquarters and has also cut jobs in India and Ireland as part of its multiyear restructuring. While the reductions could lower costs over time, the repeated layoffs highlight ongoing operational pressure and uncertainty about the turnaround. PayPal adds another round of layoffs

PayPal Trading Down 3.3%

Shares of PYPL stock opened at $54.96 on Friday. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.21. The firm has a market cap of $47.02 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.21 and a beta of 1.28. The company has a 50-day moving average of $55.05 and a two-hundred day moving average of $48.59. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The business had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same period in the previous year, the firm earned $1.40 EPS. The business’s revenue was up 4.8% on a year-over-year basis. On average, analysts predict that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The company 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 of this dividend is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. PayPal’s payout ratio is presently 10.59%.

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $77,679.70. Following the transaction, the chief accounting officer directly owned 2,216 shares in the company, valued at $128,749.60. This represents a 37.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 732 shares of PayPal stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total value of $42,529.20. Following the completion of the sale, the insider directly owned 41,567 shares of the company’s stock, valued at $2,415,042.70. The trade was a 1.73% 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. Insiders have sold 6,231 shares of company stock worth $373,924 over the last ninety days. Corporate insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TD Cowen lifted their price objective on PayPal from $48.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Clear Str upgraded PayPal to a “hold” rating in a report on Thursday, July 16th. BNP Paribas Exane upped their price objective on shares of PayPal from $43.50 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. William Blair reiterated a “market perform” rating on shares of PayPal in a report on Wednesday, July 15th. Finally, 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. Nine equities 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. Based on data from MarketBeat, PayPal currently has a consensus rating of “Hold” and a consensus target price of $56.03.

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.