Meridian Management Co. Has $5.50 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

Meridian Management Co. lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 79,989 shares of the credit services provider’s stock after buying an additional 2,740 shares during the quarter. PayPal comprises about 1.5% of Meridian Management Co.’s investment portfolio, making the stock its 22nd biggest position. Meridian Management Co.’s holdings in PayPal were worth $5,500,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PYPL. Nuveen LLC acquired a new stake in PayPal in the 1st quarter worth about $529,264,000. Goldman Sachs Group Inc. raised its stake in PayPal by 44.6% in 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 in the last quarter. Deutsche Bank AG raised its stake in PayPal by 19.1% in 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 in the last quarter. Invesco Ltd. raised its stake in PayPal by 14.9% in 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 in the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in PayPal by 301.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,156,955 shares of the credit services provider’s stock worth $75,491,000 after purchasing an additional 868,953 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PYPL shares. Truist Financial set a $65.00 price objective on shares of PayPal in a research note on Friday, October 24th. Rothschild & Co Redburn lifted their price objective on shares of PayPal from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. BNP Paribas Exane raised their target price on shares of PayPal from $69.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday. Argus raised their target price on shares of PayPal from $81.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PayPal in a report on Wednesday, October 8th. Fifteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $83.10.

PayPal Price Performance

PYPL stock opened at $69.27 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The firm has a market cap of $64.81 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.02 and a beta of 1.44. The company’s 50-day moving average price is $69.06 and its two-hundred day moving average price is $70.15.

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

PayPal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued 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%.

Insider Activity at PayPal

In related news, insider Suzan Kereere sold 5,000 shares of PayPal stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $69.52, for a total transaction of $347,600.00. Following the sale, the insider directly owned 43,483 shares of the company’s stock, valued at approximately $3,022,938.16. The trade was a 10.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction that occurred 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 sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,171,731.33. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,374 shares of company stock valued at $996,093. 0.08% of the stock is owned by insiders.

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.