Baker Avenue Asset Management LP Lowers Holdings 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 institutional investor 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 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd raised its holdings in PayPal by 41.2% during the first 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 in the last quarter. GSB Wealth Management LLC increased its position in PayPal by 1.7% during the 2nd quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock worth $606,000 after purchasing an additional 140 shares during the period. CreativeOne Wealth LLC raised its stake 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 worth $613,000 after buying an additional 142 shares in the last quarter. Pitti Group Wealth Management LLC lifted its holdings in shares of PayPal by 1.5% in the 2nd quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider’s stock valued at $761,000 after buying an additional 147 shares during the period. Finally, Falcon Wealth Planning boosted its stake in shares of PayPal by 2.5% in the second quarter. Falcon Wealth Planning now owns 6,295 shares of the credit services provider’s stock valued at $468,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Down 1.9%

PayPal stock opened at $61.12 on Tuesday. The stock has a 50-day moving average price of $66.42 and a 200 day moving average price of $69.40. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The stock has a market cap 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 released its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 14.96% and a return on equity of 25.64%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $1.20 EPS. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS and its FY 2025 guidance at 5.350-5.390 EPS. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 19th. PayPal’s dividend payout ratio is currently 11.22%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PYPL. Truist Financial increased their price objective on PayPal from $65.00 to $66.00 and gave the stock a “sell” rating in a research report on Tuesday, November 4th. KeyCorp reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 22nd. Cowen reiterated a “mixed” rating on shares of PayPal in a research note on Wednesday, October 29th. Sanford C. Bernstein decreased their price objective on shares of PayPal from $85.00 to $76.00 in a report on Tuesday, October 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Tuesday, October 28th. Fifteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Hold” and an average target price of $81.39.

Insiders Place Their Bets

In other PayPal news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $68.97, for a total value of $264,706.86. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $59.84, for a total transaction of $249,054.08. Following the completion of the sale, the insider directly owned 30,983 shares in the company, valued at $1,854,022.72. This represents a 11.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 36,156 shares of company stock worth $2,432,524 over the last ninety days. Company 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.