Strs Ohio Has $11.94 Million Stock Position in PayPal Holdings, Inc. $PYPL

Strs Ohio reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,925 shares of the credit services provider’s stock after selling 12,374 shares during the period. Strs Ohio’s holdings in PayPal were worth $11,937,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after purchasing an additional 5,534,462 shares during the period. Capital Research Global Investors lifted its position in PayPal by 2.3% in the 3rd quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock worth $1,874,637,000 after buying an additional 636,441 shares in the last quarter. Norges Bank purchased a new stake in PayPal in the 4th quarter worth approximately $949,758,000. Invesco Ltd. boosted its stake in shares of PayPal by 9.7% during the 4th quarter. Invesco Ltd. now owns 12,215,792 shares of the credit services provider’s stock valued at $713,158,000 after buying an additional 1,083,843 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of PayPal by 7.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,803,241 shares of the credit services provider’s stock valued at $513,966,000 after buying an additional 625,705 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

PayPal stock opened at $45.47 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $40.11 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.13 and a beta of 1.33. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50. The company’s fifty day moving average price is $44.49 and its two-hundred day moving average price is $47.91.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. The company had revenue of $8.35 billion for 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 business’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.33 earnings per share. On average, analysts forecast that PayPal Holdings, Inc. will post 5.32 earnings per share for the current fiscal year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, June 4th. PayPal’s payout ratio is 10.51%.

Insider Buying and Selling

In other PayPal news, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. This represents a 45.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of PayPal stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total transaction of $196,194.48. Following the completion of the transaction, the insider directly owned 41,567 shares in the company, valued at approximately $1,768,260.18. This represents a 9.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 20,612 shares of company stock worth $966,623. 0.63% of the stock is currently owned by insiders.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal joined the European Payments Council, a move that could strengthen its role in shaping European payment rules and support long-term growth in the region. PayPal Stock (PYPL) Pops 3% on Joining EU Payments Council
• Positive Sentiment: Additional coverage highlighted PayPal’s EPC membership as a strategic step toward influencing the future of European payments and instant-transfer infrastructure. PayPal Secures EPC Seat to Help Guide Future of European Payments
• Neutral Sentiment: Unusual options activity included cheap out-of-the-money July 10 calls in PYPL, suggesting speculative trading interest rather than a clear fundamental catalyst. Five July 4th Fireworks: Unusual Options Activity Flags Cheap Lottery-Ticket Calls in CHWY, AVGO, PYPL, STLA and WMT
• Neutral Sentiment: A shareholder litigation firm said it is investigating PayPal’s officers and directors for possible fiduciary-duty issues, but this is only an early-stage legal probe and not a formal case. Kuehn Law Encourages Investors of PayPal Holdings, Inc. to Contact Law Firm

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. The Goldman Sachs Group boosted their price target on shares of PayPal from $40.00 to $41.00 and gave the company a “sell” rating in a report on Monday, June 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of PayPal in a research report on Friday, May 8th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. Mizuho reaffirmed a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of PayPal in a research report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. Eight research 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’s stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and a consensus price target of $55.01.

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.