Baker Avenue Asset Management LP Cuts Position in PayPal Holdings, Inc. $PYPL

Baker Avenue Asset Management LP lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 85.6% in the second quarter, Holdings Channel reports. The firm owned 12,141 shares of the credit services provider’s stock after selling 72,095 shares during the period. Baker Avenue Asset Management LP’s holdings in PayPal were worth $902,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Hilltop National Bank purchased a new position in PayPal in the 2nd quarter worth approximately $27,000. MUFG Securities EMEA plc lifted its stake in shares of PayPal by 100.4% in the second quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 87,524 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted 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 purchasing an additional 138 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in PayPal during the 2nd quarter valued at approximately $36,000. Finally, American National Bank & Trust increased its holdings in PayPal by 52.5% during the 2nd quarter. American National Bank & Trust now owns 610 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research reports. Compass Point reiterated a “sell” rating and issued a $66.00 target price on shares of PayPal in a research report on Wednesday, October 29th. The Goldman Sachs Group raised their target price on PayPal from $70.00 to $72.00 and gave the company a “sell” rating in a research report on Wednesday, October 29th. Argus raised their price objective on shares of PayPal from $81.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wells Fargo & Company raised PayPal to a “hold” rating in a report on Wednesday, October 22nd. Finally, Macquarie upped their price target on shares of PayPal from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Fifteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $81.39.

PayPal Price Performance

PYPL stock opened at $61.12 on Tuesday. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The firm has a 50-day moving average of $66.42 and a two-hundred day moving average of $69.40. The firm has a market capitalization of $57.19 billion, a PE ratio of 12.25, a P/E/G ratio of 0.84 and a beta of 1.43. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 EPS 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 the consensus estimate of $8.21 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS and its FY 2025 guidance at 5.350-5.390 EPS. On average, analysts forecast 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. Investors of record on Wednesday, November 19th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 19th. PayPal’s payout ratio is presently 11.22%.

Insiders Place Their Bets

In related news, CAO Chris Natali sold 1,374 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $69.13, for a total value of $94,984.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Aaron Webster sold 9,282 shares of PayPal stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $66.29, for a total value of $615,303.78. Following the transaction, the executive vice president directly owned 35,699 shares in the company, valued at approximately $2,366,486.71. This trade represents a 20.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 36,156 shares of company stock valued at $2,432,524 in the last 90 days. Insiders own 0.08% of the company’s stock.

PayPal 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.