Redwood Wealth Management Group LLC Decreases Stock Holdings in PayPal Holdings, Inc. $PYPL

Redwood Wealth Management Group LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 83.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,071 shares of the credit services provider’s stock after selling 20,457 shares during the quarter. Redwood Wealth Management Group LLC’s holdings in PayPal were worth $303,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of PayPal by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider’s stock worth $5,625,976,000 after purchasing an additional 276,339 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of PayPal by 19.1% during the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider’s stock worth $733,294,000 after purchasing an additional 1,798,330 shares during the last quarter. Invesco Ltd. lifted its stake in shares of PayPal by 14.9% during the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock worth $620,924,000 after purchasing an additional 1,232,155 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of PayPal by 44.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider’s stock worth $558,499,000 after purchasing an additional 2,638,815 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of PayPal during the 1st quarter worth $529,264,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PYPL shares. Argus upped their price objective on PayPal from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial set a $65.00 price target on PayPal in a research note on Friday, October 24th. Keefe, Bruyette & Woods increased their price target on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group increased their price target on PayPal from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, KeyCorp reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 22nd. Fifteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $83.10.

Insider Activity

In other news, CAO Chris Natali sold 1,374 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $69.13, for a total value of $94,984.62. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $68.97, for a total value of $264,706.86. Following the completion of the transaction, the executive vice president directly owned 16,989 shares in the company, valued at $1,171,731.33. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 14,374 shares of company stock valued at $996,093. Company insiders own 0.08% of the company’s stock.

PayPal Stock Up 2.0%

Shares of PYPL stock opened at $69.27 on Friday. The stock’s 50-day simple moving average is $69.06 and its 200-day simple moving average is $70.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.34. The firm has a market capitalization of $64.81 billion, a PE ratio of 13.88, a P/E/G ratio of 1.02 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The business had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.21 billion. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company 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. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.56 dividend on an annualized basis 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.