Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,935,403 shares of the credit services provider’s stock after purchasing an additional 93,383 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of PayPal worth $143,839,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in PayPal by 0.3% during the first quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider’s stock worth $5,625,976,000 after buying an additional 276,339 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of PayPal by 19.1% during the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider’s stock worth $733,294,000 after acquiring an additional 1,798,330 shares during the period. Invesco Ltd. boosted its stake in shares of PayPal by 14.9% during the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock worth $620,924,000 after acquiring an additional 1,232,155 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of PayPal by 44.6% during 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 acquiring an additional 2,638,815 shares during the last quarter. Finally, Nuveen LLC bought a new stake in PayPal in the 1st quarter valued at $529,264,000. 68.32% of the stock is owned by institutional investors.
Insider Activity
In related news, CAO Chris Natali sold 1,374 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $69.13, for a total transaction of $94,984.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $68.97, for a total transaction 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 three months, insiders sold 26,874 shares of company stock worth $1,856,968. 0.08% of the stock is currently owned by company insiders.
PayPal Stock Performance
PayPal (NASDAQ:PYPL – Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The company had revenue of $8.42 billion during the quarter, compared to the consensus estimate of $8.21 billion. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business 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. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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.
Wall Street Analyst Weigh In
PYPL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a research report on Tuesday, July 29th. KeyCorp reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 22nd. Canaccord Genuity Group upped their price target on shares of PayPal from $96.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Mizuho set a $84.00 price objective on shares of PayPal in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada upped their target price on PayPal from $88.00 to $91.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Fifteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $83.03.
Read Our Latest Stock Report on PayPal
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.
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