Jessup Wealth Management Inc Acquires 2,621 Shares of PayPal Holdings, Inc. $PYPL

Jessup Wealth Management Inc increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,088 shares of the credit services provider’s stock after purchasing an additional 2,621 shares during the period. Jessup Wealth Management Inc’s holdings in PayPal were worth $1,047,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PYPL. Brighton Jones LLC grew its position in PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after acquiring an additional 924 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of PayPal in the 4th quarter worth about $248,000. Mather Group LLC. increased its position in shares of PayPal by 37.4% during the 1st quarter. Mather Group LLC. now owns 2,449 shares of the credit services provider’s stock valued at $160,000 after purchasing an additional 667 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of PayPal by 28.0% during the 1st quarter. DAVENPORT & Co LLC now owns 11,845 shares of the credit services provider’s stock valued at $773,000 after buying an additional 2,588 shares in the last quarter. Finally, Mutual Advisors LLC lifted its position in PayPal by 10.0% in the 1st quarter. Mutual Advisors LLC now owns 7,584 shares of the credit services provider’s stock worth $496,000 after buying an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Activity at PayPal

In other PayPal news, CAO Chris Natali sold 1,374 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $69.13, for a total transaction of $94,984.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $68.97, for a total transaction of $264,706.86. Following the completion of the sale, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,171,731.33. This represents a 18.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,374 shares of company stock worth $996,093 over the last quarter. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on PYPL shares. BNP Paribas Exane upped their target price on PayPal from $69.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday. Truist Financial set a $65.00 price objective on shares of PayPal in a research note on Friday, October 24th. Jefferies Financial Group increased their target price on shares of PayPal from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday. Sanford C. Bernstein decreased their target price on shares of PayPal from $85.00 to $76.00 in a research report on Tuesday, October 21st. Finally, Macquarie upped their price target on shares of PayPal from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, PayPal has an average rating of “Hold” and a consensus target price of $83.10.

PayPal Trading Up 2.0%

Shares of PYPL opened at $69.27 on Friday. The stock has a market capitalization of $64.81 billion, a P/E ratio of 13.88, a PEG ratio of 1.02 and a beta of 1.44. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $69.06 and a two-hundred day simple moving average of $70.15.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.14. The company had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.21 billion. PayPal had a return on equity of 25.64% and a net margin of 14.96%.PayPal’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.20 earnings per share. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS. FY 2025 guidance at 5.350-5.390 EPS. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.56 annualized dividend and a dividend yield of 0.8%.

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.