PayPal Holdings, Inc. $PYPL Shares Sold by Comprehensive Financial Management LLC

Comprehensive Financial Management LLC decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 23,950,118 shares of the credit services provider’s stock after selling 2,046,000 shares during the quarter. PayPal accounts for approximately 33.9% of Comprehensive Financial Management LLC’s portfolio, making the stock its 2nd largest position. Comprehensive Financial Management LLC’s holdings in PayPal were worth $1,034,166,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PYPL. Keeler Thomas Management LLC boosted its stake in shares of PayPal by 7.3% in the 2nd quarter. Keeler Thomas Management LLC now owns 77,055 shares of the credit services provider’s stock valued at $3,327,000 after purchasing an additional 5,234 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in PayPal during the 2nd quarter worth $214,000. BTG Pactual Asset Management US LLC acquired a new position in shares of PayPal in the 2nd quarter valued at approximately $276,000. Camelot Portfolios LLC raised its holdings in shares of PayPal by 14.6% during the second quarter. Camelot Portfolios LLC now owns 24,120 shares of the credit services provider’s stock worth $1,042,000 after acquiring an additional 3,080 shares during the period. Finally, RPg Family Wealth Advisory LLC lifted its stake in PayPal by 10.1% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 72,401 shares of the credit services provider’s stock valued at $3,126,000 after acquiring an additional 6,614 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PYPL shares. Susquehanna raised their target price on shares of PayPal from $63.00 to $67.00 and gave the company a “positive” rating in a research note on Wednesday, July 29th. Bank of America lowered their price objective on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. The Goldman Sachs Group set a $50.00 target price on PayPal in a report on Tuesday, July 28th. UBS Group set a $45.00 price target on shares of PayPal in a research note on Wednesday, July 29th. Finally, Piper Sandler boosted their price target on shares of PayPal from $42.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Nine analysts have rated the stock with a Buy rating, thirty-four have given 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 price target of $56.03.

More PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: RBC Capital initiated or reiterated a Buy rating on PayPal, supporting the view that the company’s depressed valuation and cash-generation potential could provide upside as it executes independently. PayPal Holdings Gets a Buy from RBC Capital
• Positive Sentiment: PayPal is cutting jobs as part of a restructuring plan announced in May. The reductions could lower expenses and improve operating efficiency, though investors will watch for evidence that cost savings can offset slower growth. PayPal Makes Job Cuts
• Positive Sentiment: PayPal’s latest reported quarter showed revenue growth of roughly 4.8% and earnings above consensus estimates. Analysts and commentators also point to opportunities to expand beyond checkout and create new monetization channels. Intuit or PayPal: Which Fintech Is Built for Future Growth?
• Neutral Sentiment: A Truist analyst maintained a Hold view, reflecting a more cautious stance on PayPal’s growth outlook and valuation. PayPal Receives a Hold from Truist Financial
• Neutral Sentiment: PayPal’s fraud-prevention platform is cited as a major application powered by Aerospike, but the announcement concerns Aerospike’s leadership and is not a material new contract or financial update for PayPal. Aerospike Names Don Dama Chief Executive Officer
• Negative Sentiment: Reports say Stripe and Advent abandoned takeover discussions after PayPal’s second-quarter results. The breakdown removes a possible acquisition premium and shifts investor attention back to PayPal’s standalone growth challenges. Why the PayPal Takeover Fell Apart
• Negative Sentiment: Mizuho and Truist reduced their price targets as buyout hopes collapsed. Truist suggested the failed bid could potentially be a negotiating tactic to lower the purchase price, but that remains speculative and does not restore the near-term deal catalyst. PayPal Gets Multiple Target Cuts
• Negative Sentiment: Elon Musk’s X Money is positioning itself around social commerce, creators and payments, adding to concerns about intensifying competition from integrated fintech platforms. X Money Takes Aim at Something Bigger Than PayPal

Insider Buying and Selling

In related news, insider Frank Keller sold 732 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total value of $42,529.20. Following the transaction, the insider owned 41,567 shares of the company’s stock, valued at approximately $2,415,042.70. This trade represents a 1.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 PayPal stock in a transaction dated 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 owned 30,983 shares of the company’s stock, valued at $1,888,723.68. This trade represents a 11.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 in the last quarter. Insiders own 0.63% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $52.40 on Wednesday. The company has a fifty day simple moving average of $54.30 and a 200 day simple moving average of $48.32. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.21. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. The company has a market cap of $44.83 billion, a P/E ratio of 9.91, a PEG ratio of 1.28 and a beta of 1.29.

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

PayPal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 4th. PayPal’s dividend payout ratio is currently 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.