PayPal Holdings, Inc. $PYPL Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,993 shares of the credit services provider’s stock after selling 3,874 shares during the quarter. Pinnacle Associates Ltd.’s holdings in PayPal were worth $1,560,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd lifted its stake in shares of PayPal by 41.2% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. GSB Wealth Management LLC lifted its stake in shares of PayPal by 1.7% during the second quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock worth $606,000 after purchasing an additional 140 shares in the last quarter. CreativeOne Wealth LLC lifted its stake in shares of PayPal by 1.5% in the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock worth $613,000 after acquiring an additional 142 shares in the last quarter. Pitti Group Wealth Management LLC lifted its stake in shares of PayPal by 1.5% in the second quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider’s stock worth $761,000 after acquiring an additional 147 shares in the last quarter. Finally, MONECO Advisors LLC lifted its stake in shares of PayPal by 0.8% in the first quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider’s stock worth $1,334,000 after acquiring an additional 154 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Up 2.0%

Shares of PayPal stock opened at $69.27 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. 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 1.45. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The business has a 50-day moving average price of $69.06 and a 200 day moving average price of $70.22.

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 the consensus estimate of $1.20 by $0.14. The firm had revenue of $8.42 billion during 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%.PayPal’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous 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. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Announces Dividend

The business also recently declared 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.

Analyst Ratings Changes

Several research analysts recently commented on PYPL shares. Morgan Stanley reiterated a “negative” rating on shares of PayPal in a research note on Wednesday. Sanford C. Bernstein cut their price target on PayPal from $85.00 to $76.00 in a research note on Tuesday, October 21st. Truist Financial set a $65.00 price target on PayPal in a research note on Friday, October 24th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, October 28th. Finally, Argus boosted their price target on PayPal from $81.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Fifteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, PayPal has an average rating of “Hold” and an average target price of $83.00.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was 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 in the company, valued at approximately $3,022,938.16. This represents a 10.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $68.97, for a total value of $264,706.86. Following the sale, the executive vice president owned 16,989 shares in the company, valued at $1,171,731.33. The trade was a 18.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 14,374 shares of company stock worth $996,093. 0.08% of the stock is currently owned by company insiders.

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.