Savvy Advisors Inc. grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 40.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,258 shares of the credit services provider’s stock after purchasing an additional 1,502 shares during the period. Savvy Advisors Inc.’s holdings in PayPal were worth $391,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of PYPL. AQR Capital Management LLC boosted its position in shares of PayPal by 15.8% during the 1st quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider’s stock valued at $224,001,000 after acquiring an additional 476,763 shares in the last quarter. Thompson Investment Management Inc. boosted its position in shares of PayPal by 2.8% during the 2nd quarter. Thompson Investment Management Inc. now owns 154,991 shares of the credit services provider’s stock valued at $11,519,000 after acquiring an additional 4,165 shares in the last quarter. Kathmere Capital Management LLC acquired a new stake in shares of PayPal during the 2nd quarter valued at about $325,000. Allianz SE boosted its position in shares of PayPal by 281.8% during the 1st quarter. Allianz SE now owns 30,338 shares of the credit services provider’s stock valued at $1,980,000 after acquiring an additional 22,392 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of PayPal during the 1st quarter valued at about $529,264,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at PayPal
In other news, insider Suzan Kereere sold 5,000 shares of the company’s 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 transaction, the insider directly owned 43,483 shares in the company, valued at approximately $3,022,938.16. This represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Chris Natali sold 1,374 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was 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 three months, insiders have sold 14,374 shares of company stock worth $996,093. Corporate insiders own 0.08% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on PayPal
PayPal Price Performance
NASDAQ:PYPL opened at $69.27 on Friday. The firm has a market cap of $64.81 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 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 company’s 50-day moving average price is $69.06 and its two-hundred day moving average price is $70.15.
PayPal (NASDAQ:PYPL – Get Free Report) last announced its earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) 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 period in the prior year, the business earned $1.20 earnings per share. PayPal’s quarterly revenue was up 7.3% on a year-over-year basis. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS. FY 2025 guidance at 5.350-5.390 EPS. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
PayPal Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.14 per share. 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.
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.
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