MainStreet Investment Advisors LLC Sells 1,657 Shares of PayPal Holdings, Inc. $PYPL

MainStreet Investment Advisors LLC reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,918 shares of the credit services provider’s stock after selling 1,657 shares during the period. MainStreet Investment Advisors LLC’s holdings in PayPal were worth $291,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PYPL. Portside Wealth Group LLC boosted its position in PayPal by 6.4% during the 2nd quarter. Portside Wealth Group LLC now owns 6,374 shares of the credit services provider’s stock worth $474,000 after acquiring an additional 384 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of PayPal by 32.0% in the second quarter. Empowered Funds LLC now owns 223,705 shares of the credit services provider’s stock valued at $16,626,000 after purchasing an additional 54,295 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in shares of PayPal by 3.2% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 8,532 shares of the credit services provider’s stock worth $634,000 after purchasing an additional 266 shares in the last quarter. Frank Rimerman Advisors LLC boosted its holdings in PayPal by 10.5% during the second quarter. Frank Rimerman Advisors LLC now owns 12,665 shares of the credit services provider’s stock worth $941,000 after purchasing an additional 1,202 shares during the last quarter. Finally, Chiron Capital Management LLC boosted its holdings in PayPal by 2.7% during the second quarter. Chiron Capital Management LLC now owns 7,620 shares of the credit services provider’s stock worth $566,000 after purchasing an additional 203 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PYPL. Morgan Stanley reiterated a “negative” rating on shares of PayPal in a research note on Wednesday, October 29th. Dbs Bank decreased their price objective on PayPal from $75.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, November 13th. Barclays reiterated an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. JMP Securities reduced their price target on PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 30th. Finally, Keefe, Bruyette & Woods boosted their price target on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Fifteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $82.56.

PayPal Trading Down 1.9%

Shares of NASDAQ:PYPL opened at $60.70 on Wednesday. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $56.79 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 0.91 and a beta of 1.45. The company has a 50-day simple moving average of $68.16 and a 200 day simple moving average of $70.36.

PayPal (NASDAQ:PYPL) last announced its quarterly 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 return on equity of 25.64% and a net margin of 14.96%.The firm had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $8.21 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The business’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. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, November 19th.

Insiders Place Their Bets

In other PayPal news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $68.97, for a total transaction of $264,706.86. Following the completion of the transaction, the executive vice president directly owned 16,989 shares of the company’s stock, valued at $1,171,731.33. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Chris Natali sold 1,374 shares of the company’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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 31,994 shares of company stock worth $2,183,470. Company insiders own 0.08% of the company’s stock.

PayPal Profile

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.