Greenwich Wealth Management LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 11.4% in the second quarter, HoldingsChannel reports. The firm owned 507,395 shares of the credit services provider’s stock after acquiring an additional 51,872 shares during the period. PayPal makes up 0.8% of Greenwich Wealth Management LLC’s portfolio, making the stock its 24th biggest position. Greenwich Wealth Management LLC’s holdings in PayPal were worth $21,909,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of PYPL. QRG Capital Management Inc. grew its holdings in PayPal by 12.3% during the 2nd quarter. QRG Capital Management Inc. now owns 197,321 shares of the credit services provider’s stock worth $8,520,000 after acquiring an additional 21,666 shares during the last quarter. Anchor Investment Management LLC grew its stake in shares of PayPal by 11.1% during the second quarter. Anchor Investment Management LLC now owns 41,777 shares of the credit services provider’s stock valued at $1,804,000 after purchasing an additional 4,173 shares during the last quarter. IPG Investment Advisors LLC grew its stake in shares of PayPal by 35.6% during the second quarter. IPG Investment Advisors LLC now owns 23,989 shares of the credit services provider’s stock valued at $1,036,000 after purchasing an additional 6,295 shares during the last quarter. National Pension Service increased its holdings in shares of PayPal by 12.2% in the second quarter. National Pension Service now owns 1,772,726 shares of the credit services provider’s stock valued at $76,546,000 after purchasing an additional 192,536 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its holdings in shares of PayPal by 25.1% in the second quarter. Cidel Asset Management Inc. now owns 12,749 shares of the credit services provider’s stock valued at $550,000 after purchasing an additional 2,559 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.
PayPal Stock Down 1.2%
Shares of NASDAQ PYPL traded down $0.67 during mid-day trading on Tuesday, reaching $53.61. 2,936,220 shares of the company’s stock were exchanged, compared to its average volume of 17,879,203. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve 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 firm has a market capitalization of $45.86 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 1.17 and a beta of 1.28. The business has a fifty day simple moving average of $56.71 and a 200 day simple moving average of $49.59.
PayPal Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, September 4th. PayPal’s dividend payout ratio is currently 10.59%.
Analyst Upgrades and Downgrades
PYPL has been the topic of several research reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $55.00 price target on shares of PayPal in a research note on Wednesday, July 29th. Truist Financial dropped their price objective on PayPal from $62.00 to $53.00 and set a “hold” rating for the company in a report on Monday, August 31st. Loop Capital cut their target price on shares of PayPal from $62.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, August 28th. Mizuho set a $51.00 target price on shares of PayPal in a research note on Friday, August 28th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of PayPal from $55.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, PayPal has an average rating of “Hold” and an average price target of $56.31.
View Our Latest Stock Analysis on PYPL
Insider Transactions at PayPal
In other news, CAO Chris Natali sold 1,337 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $77,679.70. Following the completion of the transaction, the chief accounting officer directly owned 2,216 shares in the company, valued at $128,749.60. This represents a 37.63% decrease in their position. The transaction was disclosed in a 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, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred on 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 directly owned 30,983 shares of the company’s stock, valued at $1,888,723.68. This trade represents a 11.84% 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. Insiders sold 14,774 shares of company stock valued at $848,095 over the last three months. Company insiders own 0.63% of the company’s stock.
PayPal News Summary
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: PayPal’s turnaround case includes stronger Venmo monetization, operating-cost savings, a new CEO and investments in AI-enabled commerce. A reported partnership with Meta for Muse AI has also provided a recent catalyst by raising expectations for future payment opportunities. PayPal’s Turnaround Plan Depends on Venmo’s Monetization and Operational Efficiencies
- Positive Sentiment: PayPal’s low valuation, strong cash flow and possible takeover interest—including previously reported interest from Advent International—could provide downside support if management delivers on its turnaround strategy. Is PayPal a Deep Value Play Right Now?
- Neutral Sentiment: Recent comparisons with Upstart frame PayPal as a more established but slower-growth fintech: Venmo expansion and efficiency improvements are positives, while Upstart’s AI-driven lending growth carries greater credit-market risk. PayPal vs. Upstart: Which Fintech Stock Is Better to Consider?
- Neutral Sentiment: Third-party developments involving FreeFunder’s fee-free crowdfunding and IPQS’s expanded fraud-prevention integrations with PayPal may modestly improve ecosystem reach, but neither announcement appears financially material in the near term. FreeFunder Eliminates Payment Processing Fees
- Negative Sentiment: The main bearish argument is that deteriorating margins could offset renewed transaction growth. Analysts and investors remain concerned that PayPal’s core branded checkout business is losing momentum and that its economic moat may be narrowing, limiting the value of the low earnings multiple. PayPal: Deteriorating Margins Negate Renewed Growth Opportunities
- Negative Sentiment: Recent weakness reflects broader market pressure and uncertainty over macroeconomic conditions; takeover speculation has generated attention but does not address the company’s underlying margin and growth challenges. PayPal Falls More Steeply Than Broader Market
About PayPal
PayPal Holdings, Inc operates a global digital payments platform that enables consumers and businesses to send, receive, and manage money online and through mobile devices. Its services support online checkout, peer-to-peer payments, money transfers, digital wallets, and payment processing for merchants.
The company’s principal consumer brands include PayPal and Venmo, while its merchant and commerce offerings include Braintree, PayPal Zettle, and PayPal Complete Payments. PayPal also operates Xoom, a service for international money transfers, and Honey, a shopping and rewards platform.
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Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report).
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