Simon Quick Advisors LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 22.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,781 shares of the credit services provider’s stock after buying an additional 2,937 shares during the period. Simon Quick Advisors LLC’s holdings in PayPal were worth $1,173,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Hilltop National Bank acquired a new position in PayPal in the second quarter valued at $27,000. Evermay Wealth Management LLC lifted its holdings in PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after buying an additional 363 shares during the period. Gordian Capital Singapore Pte Ltd lifted its holdings in PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after buying an additional 138 shares during the period. American National Bank & Trust lifted its holdings in PayPal by 52.5% in the second quarter. American National Bank & Trust now owns 610 shares of the credit services provider’s stock valued at $45,000 after buying an additional 210 shares during the period. Finally, Cornerstone Planning Group LLC raised its holdings in shares of PayPal by 41.7% during the first quarter. Cornerstone Planning Group LLC now owns 666 shares of the credit services provider’s stock valued at $42,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.
Insider Buying and Selling at PayPal
In related news, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total value of $288,801.18. Following the sale, the insider owned 48,483 shares in the company, valued at $3,364,235.37. This represents a 7.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.08% of the stock is owned by corporate insiders.
PayPal Trading Down 2.5%
PayPal (NASDAQ:PYPL – Get Free Report) last posted its earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The company had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.21 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS. FY 2025 guidance at 5.350-5.390 EPS. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
PayPal Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 19th.
Wall Street Analysts Forecast Growth
PYPL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a report on Tuesday, July 29th. Citigroup upgraded shares of PayPal to a “hold” rating in a report on Thursday, October 23rd. Barclays reiterated an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. Wells Fargo & Company upgraded shares of PayPal to a “hold” rating in a report on Wednesday, October 22nd. Finally, UBS Group upped their price objective on shares of PayPal from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday. Sixteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, PayPal has a consensus rating of “Hold” and an average target price of $83.31.
View Our Latest Report on PYPL
About PayPal
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.
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