Claro Advisors LLC decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 63.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,727 shares of the credit services provider’s stock after selling 4,763 shares during the quarter. Claro Advisors LLC’s holdings in PayPal were worth $203,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Evermay Wealth Management LLC increased its position in PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after buying an additional 363 shares during the last quarter. Hilltop National Bank acquired a new position in shares of PayPal during the 2nd quarter valued at about $27,000. MUFG Securities EMEA plc raised its stake in shares of PayPal by 100.4% in the 2nd quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 87,524 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in PayPal by 41.2% in the 1st 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 during the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in PayPal by 41.7% in the 1st quarter. Cornerstone Planning Group LLC now owns 666 shares of the credit services provider’s stock worth $42,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.
Insider Activity at PayPal
In other news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $68.97, for a total value of $264,706.86. Following the completion of the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,171,731.33. This represents a 18.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Chris Natali sold 1,374 shares of the firm’s stock in a transaction dated 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 ninety days, insiders sold 26,874 shares of company stock worth $1,856,968. 0.08% of the stock is owned by corporate insiders.
PayPal Stock Performance
PayPal (NASDAQ:PYPL – Get Free Report) last released its earnings results 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. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The business had revenue of $8.42 billion during the quarter, compared to analysts’ expectations of $8.21 billion. During the same quarter last year, the company earned $1.20 earnings per share. The firm’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 research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
PayPal Dividend Announcement
The company also recently disclosed 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. The ex-dividend date is Wednesday, November 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%.
Analyst Ratings Changes
Several equities analysts have commented on the company. JMP Securities lowered their price target on PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 30th. Compass Point reiterated a “sell” rating and issued a $66.00 target price on shares of PayPal in a research note on Wednesday, October 29th. Canaccord Genuity Group boosted their target price on shares of PayPal from $96.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods raised their price target on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, Citigroup upgraded PayPal to a “hold” rating in a research note on Thursday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.03.
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.
Read More
- Five stocks we like better than PayPal
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- CAVA Stock Looking for Direction After Earnings Miss
- What is the S&P/TSX Index?
- 3 Small AI Stocks Ready to Explode (All Under $20)
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- After 16% Fall, Analysts Eye a Big Recovery in Meta Platforms
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.
