Allstate Corp Buys 29,280 Shares of PayPal Holdings, Inc. $PYPL

Allstate Corp grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 87.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,761 shares of the credit services provider’s stock after acquiring an additional 29,280 shares during the quarter. Allstate Corp’s holdings in PayPal were worth $3,664,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kelleher Financial Advisors bought a new position in shares of PayPal during the third quarter valued at $30,000. Cloud Capital Management LLC purchased a new stake in shares of PayPal during the third quarter valued at $30,000. Torren Management LLC purchased a new stake in shares of PayPal during the fourth quarter valued at $31,000. Strategic Advocates LLC purchased a new stake in shares of PayPal during the third quarter valued at $38,000. Finally, Steph & Co. boosted its position in shares of PayPal by 103.1% during the fourth quarter. Steph & Co. now owns 656 shares of the credit services provider’s stock valued at $38,000 after buying an additional 333 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 13,515 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $621,960.30. Following the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,425,837.66. This trade represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Chris Natali sold 2,208 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the transaction, the chief accounting officer directly owned 1,140 shares in the company, valued at approximately $50,992.20. This represents a 65.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 57,373 shares of company stock valued at $2,684,341. Insiders own 0.63% of the company’s stock.

PayPal Trading Down 0.9%

Shares of NASDAQ:PYPL opened at $43.76 on Thursday. The stock has a market capitalization of $38.60 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50-day simple moving average is $46.35 and its two-hundred day simple moving average is $51.58. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50.

PayPal (NASDAQ:PYPL) last announced 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 business had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 5.3 EPS for the current year.

PayPal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is presently 10.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Argus dropped their price objective on PayPal from $87.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Raymond James Financial reaffirmed a “market perform” rating on shares of PayPal in a research report on Monday, February 23rd. Compass Point raised PayPal from a “sell” rating to a “neutral” rating and set a $51.00 price objective on the stock in a research report on Wednesday, February 4th. UBS Group increased their price objective on PayPal from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group dropped their price objective on PayPal from $41.00 to $40.00 in a research report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $55.85.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal expanded its cross-border payments reach through Tencent’s WeChat Pay network, allowing U.S. PayPal users to make purchases at millions of merchants in China by scanning QR codes. The move could strengthen PayPal’s international utility and transaction volume. Article Title
• Positive Sentiment: The company outlined multiple paths to achieve about $1.5 billion in gross run-rate savings, including AI, automation, and restructuring, which supports margins and could lift earnings if execution stays on track. Article Title
• Positive Sentiment: PayPal also highlighted a new travel-related checkout feature through The Tour Guy’s “Reserve Now, Pay Later” offering, reinforcing that PayPal’s payments infrastructure is being adopted in more commerce use cases. Article Title
• Neutral Sentiment: Management presented at Bernstein’s Strategic Decisions Conference, but the transcript itself did not include any major new catalyst beyond reinforcing the company’s current strategy. Article Title
• Negative Sentiment: Some investor commentary continues to suggest that leadership change and Q1 performance concerns may weigh on sentiment, indicating the market still wants clearer proof of a durable turnaround. Article Title

About PayPal

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.