Forum Financial Management LP reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 68.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,321 shares of the credit services provider’s stock after selling 11,707 shares during the period. Forum Financial Management LP’s holdings in PayPal were worth $241,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bard Associates Inc. acquired a new position in shares of PayPal during the fourth quarter valued at $25,000. Kelleher Financial Advisors bought a new position in PayPal in the third quarter valued at about $30,000. Caitong International Asset Management Co. Ltd increased its position in 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 worth $27,000 after purchasing an additional 457 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in PayPal in the fourth quarter worth about $28,000. Finally, Advocate Investing Services LLC bought a new stake in PayPal during the 4th quarter worth about $30,000. Institutional investors own 68.32% of the company’s stock.
Insider Activity at PayPal
In other news, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at $1,325,762.57. This trade represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total transaction of $66,128.02. Following 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 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 sold 20,612 shares of company stock worth $966,623. 0.63% of the stock is currently owned by company insiders.
PayPal Trading Up 2.1%
PayPal (NASDAQ:PYPL – Get Free Report) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.07. The company had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 EPS. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.
PayPal Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors 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 dividend on an annualized basis and a yield of 1.3%. PayPal’s payout ratio is currently 10.51%.
Wall Street Analysts Forecast Growth
PYPL has been the topic of a number of research reports. BNP Paribas Exane upped their target price on shares of PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a research report on Friday, April 10th. Piper Sandler lowered their price target on shares of PayPal from $46.00 to $42.00 and set a “neutral” rating for the company in a research report on Monday. Bank of America dropped their price target on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Mizuho restated a “neutral” rating and issued a $50.00 price objective (down from $60.00) on shares of PayPal in a report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Hold” and a consensus target price of $55.01.
Check Out Our Latest Stock Analysis on PayPal
PayPal News Summary
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: Piper Sandler upgraded PayPal from “neutral” to “hold,” which suggests some analysts see limited downside and a more balanced risk/reward setup. The Fly report on Piper Sandler upgrade
- Positive Sentiment: Multiple recent writeups say PayPal looks cheap on valuation, with forward earnings multiples near the lowest levels in years, which could attract value-oriented investors if execution improves. TipRanks article
- Positive Sentiment: Commentary also points to PayPal’s cost-cutting and AI-focused restructuring as potential margin tailwinds over time, supporting the case that the stock may be undervalued. Yahoo Finance article
- Neutral Sentiment: Several sector and comparison pieces this week, including articles on payment peers and fintech valuations, kept PayPal in focus but did not add a clear new catalyst for the stock. Motley Fool comparison
- Neutral Sentiment: PayPal is also being discussed as part of broader adoption of AI commerce infrastructure, which could be a long-term positive but is not an immediate earnings driver. Fortune article on AI shopping
- Negative Sentiment: Investor caution remains high because recent reporting and analysis highlight slowing growth, softer outlooks for Venmo and branded checkout, and pressure on profitability. Quiver Quantitative report
- Negative Sentiment: Goldman Sachs reportedly issued a “sell” rating, adding to the cautious analyst tone and reinforcing worries that estimates may still need to come down. The Globe and Mail report
- Negative Sentiment: Another recent market note said PayPal fell as the broader market gained, underscoring that investors are still skeptical about the turnaround story. Yahoo Finance market recap
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.
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