PayPal Holdings, Inc. $PYPL Shares Sold by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 59.3% during the 2nd quarter, Holdings Channel reports. The fund owned 13,751 shares of the credit services provider’s stock after selling 19,999 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in PayPal were worth $594,000 as of its most recent SEC filing.

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 4th quarter valued at $25,000. Allied Private Wealth LLC purchased a new position in PayPal in the second quarter valued at $25,000. Robinswood Financial LLC purchased a new position in PayPal in the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its stake 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 valued at $27,000 after buying an additional 457 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of PayPal in the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was 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 in the company, valued at $1,888,723.68. The trade was a 11.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total value of $77,679.70. Following the sale, the chief accounting officer directly owned 2,216 shares of the company’s stock, valued at approximately $128,749.60. This represents a 37.63% 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 sold 6,231 shares of company stock worth $373,924. Company insiders own 0.63% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $54.96 on Friday. 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 capitalization of $47.02 billion, a P/E ratio of 10.39, a PEG ratio of 1.17 and a beta of 1.28. The business has a 50 day simple moving average of $55.05 and a 200-day simple moving average of $48.59. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.21.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping 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 firm had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter in the prior year, the business earned $1.40 EPS. PayPal’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 1.0%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio is presently 10.59%.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on PYPL shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $45.00 target price on shares of PayPal in a research note on Wednesday, July 29th. UBS Group set a $45.00 price objective on shares of PayPal in a report on Wednesday, July 29th. Royal Bank Of Canada boosted their price objective on shares of PayPal from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Weiss Ratings upgraded shares of PayPal from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Finally, Wells Fargo & Company increased their target price on shares of PayPal from $48.00 to $56.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.