PayPal Holdings, Inc. $PYPL Shares Sold by Diversify Wealth Management LLC

Diversify Wealth Management LLC lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 78.9% during the first quarter, Holdings Channel reports. The fund owned 12,504 shares of the credit services provider’s stock after selling 46,665 shares during the quarter. Diversify Wealth Management LLC’s holdings in PayPal were worth $566,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Bard Associates Inc. purchased a new position in shares of PayPal during the 4th quarter valued at $25,000. Kelleher Financial Advisors bought a new stake in shares of PayPal during the 3rd quarter worth about $30,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of PayPal during the 4th quarter valued at about $28,000. Finally, Advocate Investing Services LLC acquired a new position in shares of PayPal during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: The reported takeover interest from Stripe and Advent has fueled speculation that PayPal could be worth more than the current offer, with several analysts and investors arguing the bid is too low. Reuters: PayPal board sees Stripe-Advent offer as inadequate, sources say
• Positive Sentiment: Some market commentary suggests the bid could force a higher valuation for PYPL, potentially supporting further upside if negotiations continue or a competing offer emerges. Yahoo Finance: Cantor sees potential for higher PayPal offer as analysis suggests $70/share value
• Neutral Sentiment: PayPal’s board has reportedly not formally responded yet, so the deal is still early-stage and subject to negotiation, financing, and regulatory risk. Yahoo Finance weekly review
• Negative Sentiment: The board is said to view the $53 billion proposal as inadequate, which could mean a longer path to any deal or no deal at all if a higher price does not materialize. PYMNTS: PayPal Board Calls $53 Billion Stripe-Advent Bid Inadequate

PayPal Stock Performance

PayPal stock opened at $56.56 on Friday. The company has a market cap of $49.89 billion, a PE ratio of 10.61, a PEG ratio of 1.42 and a beta of 1.33. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 1 year low of $38.46 and a 1 year high of $79.50. The company’s 50-day moving average is $44.60 and its two-hundred day moving average is $47.23.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. The firm had revenue of $8.35 billion during 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 company’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 earnings per share. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.32 earnings per share for the current year.

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, June 4th. PayPal’s dividend payout ratio is currently 10.51%.

Analyst Ratings Changes

PYPL has been the topic of several research reports. Barclays upgraded shares of PayPal from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $42.00 to $55.00 in a report on Thursday. Piper Sandler decreased their price objective on shares of PayPal from $46.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, June 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. BNP Paribas Exane increased their price target on shares of PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a research note on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of PayPal from $50.00 to $45.00 in a report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, PayPal presently has an average rating of “Hold” and an average target price of $54.61.

Insiders Place Their Bets

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 shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the transaction, the chief accounting officer directly owned 1,586 shares in the company, valued at approximately $78,443.56. This represents a 45.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the company’s stock in a transaction 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 sale, 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 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 have sold 20,612 shares of company stock valued at $966,623. 0.63% of the stock is currently owned by insiders.

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.