Latest news with #PayPalHoldingsInc
Economic Times
16-05-2025
- Business
- Economic Times
Australia's richest woman Gina Rinehart doubles US stocks bet to $2.5 billion
Billionaire mining magnate Gina Rinehart poured hundreds of millions of dollars into broad market-tracking funds during the first three months of the year, boosting holdings of US equities as Donald Trump returned to the White House. ADVERTISEMENT Rinehart's closely held Hancock Prospecting Ltd. held a portfolio of US-traded stocks and exchange-traded funds worth about $2.5 billion as of March 31, according to a May 15 regulatory filing. The iron ore tycoon, a Trump supporter, nearly doubled her holdings since the end of last year. The ramp up came just before the US announced higher tariffs on many countries sending global stocks into a tailspin, though they have since clawed back losses. Most of Rinehart's new investment went into simple index trackers for the Nasdaq 100, S&P 500 and Dow Jones Industrial Average. She also bought stakes in Etsy Inc. and PayPal Holdings Inc. She closed out stakes in four petroleum companies, including Chevron Corp. and Exxon Mobil Corp., which were worth a combined $109 million at the end of last year. Rinehart is worth $26.5 billion, according to the Bloomberg Billionaires Index. The 71-year-old has became an outspoken supporter of Trump and Australia's center-right party, which suffered a loss when the nation went to the polls two weeks holding that remained unchanged — her 150,000 shares of Trump Media & Technology Group Corp., which operates social media platform Truth Social. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
16-05-2025
- Business
- Time of India
Australia's richest woman Gina Rinehart doubles US stocks bet to $2.5 billion
Billionaire mining magnate Gina Rinehart poured hundreds of millions of dollars into broad market-tracking funds during the first three months of the year, boosting holdings of US equities as Donald Trump returned to the White House. Rinehart's closely held Hancock Prospecting Ltd. held a portfolio of US-traded stocks and exchange-traded funds worth about $2.5 billion as of March 31, according to a May 15 regulatory filing. The iron ore tycoon, a Trump supporter, nearly doubled her holdings since the end of last year. The ramp up came just before the US announced higher tariffs on many countries sending global stocks into a tailspin, though they have since clawed back losses. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tan Thoi Hoa: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Most of Rinehart's new investment went into simple index trackers for the Nasdaq 100, S&P 500 and Dow Jones Industrial Average. She also bought stakes in Etsy Inc. and PayPal Holdings Inc. She closed out stakes in four petroleum companies, including Chevron Corp. and Exxon Mobil Corp., which were worth a combined $109 million at the end of last year. Rinehart is worth $26.5 billion, according to the Bloomberg Billionaires Index. The 71-year-old has became an outspoken supporter of Trump and Australia's center-right party, which suffered a loss when the nation went to the polls two weeks ago. One holding that remained unchanged — her 150,000 shares of Trump Media & Technology Group Corp., which operates social media platform Truth Social. Live Events
Yahoo
29-04-2025
- Business
- Yahoo
PayPal Posts Q1 Earnings Beat, Revenue Misses
PayPal Holdings Inc (NASDAQ:PYPL) reported Q1 non-GAAP EPS of $1.33, topping analysts' average estimate of $1.16, while revenue of $7.80 billion missed the Street by $40 million. The mixed beat-miss highlights PayPal's challenge to reignite growth amid contract headwinds and a cautious consumer backdrop. Warning! GuruFocus has detected 5 Warning Sign with PYPL. EARNINGS AND REVENUE Earnings: Non-GAAP EPS rose 15% YoY to $1.33 vs. $1.16 expected. Revenue: Up 1% to $7.80 billion, shy of the $7.84 billion consensus. PAYMENT VOLUME & TRANSACTIONS TPV: Total payment volume increased 3% YoY to $417.2 billion (4% FX-neutral). Transactions: Processed 6.0 billion payments, down 7% overall but up 6% excluding payment service provider (PSP) renegotiations. Margin: Transaction-margin dollars grew low?single-digits, reflecting branded-checkout strength offset by PSP mix shifts. USER METRICS Active Accounts: Grew 2% YoY to 436 million, adding 1.5 million sequentially. TPA: Transactions per active account fell 1% to 59.4 but climbed 4% ex-PSP volume. MANAGEMENT COMMENTARYCEO Alex Chriss said branded-checkout enhancements and Venmo debit-card adoption drove durable margin expansion, noting PayPal has the best-in-class checkout on desktop and mobile. CFO Jamie Miller underscored $1.2 billion in Q1 share buybacks and full-year free cash flow of $6.8 billion, crediting AI and automation investments for operational efficiency and supporting targeted marketing spend. STRATEGIC INITIATIVESPayPal's 2025 playbook centers on four pillars: Win Checkout via latency cuts and conversion lifts; Scale Omni with PayPal Everywhere; Grow Venmo through new social-commerce features; and Accelerate SMB with integrated payment and financing tools. Key partnerships and product launcheslike FX-as-a-service and network-token billingare set to boost cross-sell opportunities. OUTLOOKThe company reaffirmed full-year guidance of $4.955.10 in non-GAAP EPS and 4.55% transaction-margin-dollar growth. Investors will watch Q2 results in late July and November's Investor Day for deeper visibility on execution and medium-term targets. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
Is PayPal Holdings Inc. (NASDAQ:PYPL) the Best Stock Under $100 to Buy According to Hedge Funds?
We recently published a list of the 12 Best Stocks Under $100 to Buy According to Hedge Funds. In this article, we are going to take a look at where PayPal Holdings Inc. (NASDAQ:PYPL) stands against other stocks under $100 to buy according to hedge funds. On April 21, Chris Davis of Davis Advisors appeared on 'The Exchange' on CNBC to talk about selectivity in today's market. Davis pointed out that putting companies in groups like the MAG7 covers their underlying businesses, which can have different fundamentals and therefore prospects. For this reason, he acknowledged that he owns certain stocks from MAG7 but not all. Davis also clarified that his overall focus is on value and growth, which leads him to a diverse set of holdings and not just tech, such as financials and healthcare names. He then argued that the market is shifting back toward selectivity and active management. He suggested that active management is positioned for a resurgence because the indexes have become highly concentrated and richly valued. Davis acknowledged that while he cannot predict the market's short-term movements, the present environment is ideal for stock pickers who can identify resilient businesses that are trading at reasonable valuations. He sees this as an opportunity for active management to outperform, as investors move away from momentum-driven index investing toward a more selective approach. He noted the growing popularity of actively managed ETFs as evidence that investors are beginning to act on this shift away from index concentration. He also believes that within the MAG7, only a few companies are truly well-positioned. Similarly, within the S&P 500, only 5% to 10% of companies possess the resiliency and durability needed for such volatile times. Davis laid out what he sees as the major transitions shaping the current investment environment. First, he described the shift from nearly 15 years of free money to a more normal interest rate environment. Second, he pointed to the end of a multi-decade era of globalization, which was replaced by deglobalization, rising nationalism, and geopolitical tensions. Third, he highlighted the impact of AI. He said that these transitions are occurring against a backdrop of market complacency, with high valuations and concentrated growth expectations. We first used the Finviz stock screener to compile a list of the top stocks that were trading under $100 as of April 22. We then selected the 12 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database which tracks the moves of over 1000 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A consumer in a cafe paying for goods using a mobile payment app. Share Price as of April 22: $60.28 Number of Hedge Fund Holders: 94 PayPal Holdings Inc. (NASDAQ:PYPL) is a technology platform that enables digital payments for merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. PayPal has more than $11 billion in cash and assets on its balance sheet, along with ~$5 billion in annual free cash flow. The company now has 432 million active accounts in 200+ countries. In 2024, PayPal's branded checkout segment saw consistent quarterly growth in transaction margin dollars, with US growth particularly accelerating in Q4. Upgraded checkout experiences, which are now live for more than 25% of US traffic, reduce latency by 40% when fully implemented and boost conversion rates by 1%. Fastlane, which is PayPal Holdings Inc.'s (NASDAQ:PYPL) streamlined checkout feature, also reached around 2,000 merchants and attracted 75% new or re-engaged PayPal users. Guidance for 2025 suggests that the company now has a focus on becoming a commerce platform and expanding into B2B bill pay. Wedgewood Partners stated the following regarding PayPal Holdings, Inc. (NASDAQ:PYPL) in its Q1 2025 investor letter: 'PayPal Holdings, Inc. (NASDAQ:PYPL) was a leading detractor from performance for portfolios during the quarter. The Company's branded checkout grew by a healthy +6% while total payment volumes grew by +7% during the Company's most recent quarter. PayPal also outlined several reinvestment initiatives across its platform that continue to accelerate its branded checkout volume growth back to double digits. In addition, the Company has authorized nearly $20 billion in share repurchases which represents nearly a third of its market cap as of quarter end. We continue to hold PayPal as one of our largest active weights in portfolios.' Overall, PYPL ranks 11th on our list of the best stocks under $100 to buy according to hedge funds. While we acknowledge the growth potential of PYPL, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PYPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Bloomberg
23-04-2025
- Business
- Bloomberg
PayPal Aims To Boost Stablecoin Use By Offering 3.7% on Balances
PayPal Holdings Inc. plans to offer rewards to its users on their holdings of its stablecoin, in a bid to encourage more usage of the digital token in an increasingly competitive market. Through the program, which is expected to launch this summer, PayPal and Venmo users in the US will be able to earn 3.7% annually on PayPal USD (PYUSD) holdings in their wallets, the company said on Wednesday. Users will receive the rewards in PYUSD, which they will be able to exchange for fiat currency, send to other users, fund international transfers or utilize for purchases with PayPal Checkout, the company said.
