United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 8.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,400 shares of the credit services provider’s stock after purchasing an additional 1,000 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in PayPal were worth $922,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Nuveen LLC acquired a new position in PayPal during the first quarter worth $529,264,000. Goldman Sachs Group Inc. increased its position in shares of PayPal by 44.6% during the first 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 in the last quarter. Deutsche Bank AG raised its holdings in shares of PayPal by 19.1% in 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 last quarter. Invesco Ltd. boosted its stake in PayPal by 14.9% during 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 last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in 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 and hedge funds own 68.32% of the company’s stock.
Insider Activity at PayPal
In other news, insider Suzan Kereere sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $68.87, for a total transaction of $860,875.00. Following the completion of the sale, the insider owned 30,983 shares in the company, valued at $2,133,799.21. This trade represents a 28.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $68.97, for a total transaction of $264,706.86. Following the completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,171,731.33. This trade represents a 18.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 36,156 shares of company stock valued at $2,432,524 over the last quarter. 0.08% of the stock is currently owned by insiders.
PayPal Stock Up 1.0%
PayPal (NASDAQ:PYPL – Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. The company had revenue of $8.42 billion for 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 firm earned $1.20 EPS. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS. FY 2025 guidance at 5.350-5.390 EPS. Analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
PayPal Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, November 19th. PayPal’s payout ratio is presently 11.22%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on PYPL. BNP Paribas Exane raised their target price on PayPal from $69.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Sanford C. Bernstein lowered their price target on PayPal from $85.00 to $76.00 in a research report on Tuesday, October 21st. Citigroup upgraded PayPal to a “hold” rating in a research note on Thursday, October 23rd. Macquarie lifted their price objective on shares of PayPal from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Jefferies Financial Group lowered their target price on shares of PayPal from $75.00 to $60.00 and set a “hold” rating for the company in a report on Monday. Sixteen 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $82.06.
Get Our Latest Stock Report on PayPal
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.
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