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

MainStreet Investment Advisors LLC trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.7% during the second quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of PayPal in the first quarter valued at 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 boosted its holdings 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 valued at $733,294,000 after purchasing an additional 1,798,330 shares during the period. Invesco Ltd. boosted its holdings in PayPal by 14.9% in the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock valued at $620,924,000 after purchasing an additional 1,232,155 shares during the period. Finally, Jupiter Asset Management Ltd. grew its position in shares of PayPal by 301.7% during 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 own 68.32% of the company’s stock.

Insider Activity at PayPal

In related news, EVP Aaron Webster sold 9,282 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $66.29, for a total value of $615,303.78. Following the completion of the transaction, the executive vice president owned 35,699 shares of the company’s stock, valued at $2,366,486.71. This represents a 20.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Natali sold 1,374 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $69.13, for a total transaction of $94,984.62. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 31,994 shares of company stock valued at $2,183,470. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PYPL. Morgan Stanley reiterated a “negative” rating on shares of PayPal in a research report on Wednesday, October 29th. Wells Fargo & Company upgraded PayPal to a “hold” rating in a research note on Wednesday, October 22nd. Truist Financial upped their target price on PayPal from $65.00 to $66.00 and gave the company a “sell” rating in a research report on Tuesday, November 4th. Cowen reissued a “mixed” rating on shares of PayPal in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada raised their price target on PayPal from $88.00 to $91.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Fifteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $82.56.

PayPal Trading Down 1.9%

Shares of PYPL stock opened at $60.70 on Wednesday. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The stock’s fifty day moving average price is $68.16 and its two-hundred day moving average price is $70.36. 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 cap of $56.79 billion, a PE ratio of 12.16, a P/E/G ratio of 0.91 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 EPS 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 company had revenue of $8.42 billion during the quarter, compared to analysts’ expectations of $8.21 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. PayPal’s 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. Equities analysts predict 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 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 0.9%.

PayPal Company 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.