Boston Partners bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) during the second quarter, HoldingsChannel reports. The firm bought 12,628 shares of the credit services provider’s stock, valued at approximately $939,000.
A number of other hedge funds have also bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd increased its holdings in PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after buying an additional 138 shares during the last quarter. GSB Wealth Management LLC increased its holdings in shares of PayPal by 1.7% in the 2nd quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock valued at $606,000 after acquiring an additional 140 shares during the last quarter. CreativeOne Wealth LLC raised its position in shares of PayPal by 1.5% during the 1st quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock valued at $613,000 after acquiring an additional 142 shares in the last quarter. Pitti Group Wealth Management LLC lifted its stake in PayPal by 1.5% during the second quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 147 shares during the last quarter. Finally, Falcon Wealth Planning boosted its holdings in PayPal by 2.5% in the second quarter. Falcon Wealth Planning now owns 6,295 shares of the credit services provider’s stock worth $468,000 after purchasing an additional 156 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, insider Suzan Kereere sold 12,500 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $68.87, for a total value of $860,875.00. Following the completion of the transaction, the insider owned 30,983 shares in the company, valued at $2,133,799.21. This represents a 28.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Chris Natali sold 1,374 shares of the business’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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 36,156 shares of company stock worth $2,432,524. 0.08% of the stock is owned by company insiders.
PayPal Trading Up 1.4%
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 for the quarter, compared to analysts’ expectations of $8.21 billion. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
PayPal Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. PayPal’s dividend payout ratio is presently 11.22%.
Wall Street Analyst Weigh In
Several analysts have weighed in on PYPL shares. Cowen reiterated a “mixed” rating on shares of PayPal in a research note on Wednesday, October 29th. Argus boosted their price objective on shares of PayPal from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Wells Fargo & Company upgraded shares of PayPal to a “hold” rating in a research note on Wednesday, October 22nd. KeyCorp restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 22nd. Finally, TD Cowen upped their target price on PayPal from $75.00 to $80.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $82.06.
Get Our Latest Research 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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