Amiral Gestion boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 35.6% during the third quarter, HoldingsChannel reports. The fund owned 419,629 shares of the credit services provider’s stock after buying an additional 110,056 shares during the quarter. PayPal comprises 10.2% of Amiral Gestion’s holdings, making the stock its 3rd biggest position. Amiral Gestion’s holdings in PayPal were worth $28,140,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in PYPL. Norges Bank purchased a new position in shares of PayPal in the second quarter worth about $921,570,000. Lazard Asset Management LLC boosted its holdings in PayPal by 1,066.0% in the 2nd quarter. Lazard Asset Management LLC now owns 2,106,215 shares of the credit services provider’s stock worth $156,532,000 after buying an additional 1,925,583 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in PayPal by 45.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,569,023 shares of the credit services provider’s stock worth $265,250,000 after buying an additional 1,107,202 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in PayPal by 15.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 5,726,695 shares of the credit services provider’s stock valued at $425,608,000 after buying an additional 756,058 shares in the last quarter. Finally, Epoch Investment Partners Inc. bought a new stake in PayPal during the 1st quarter valued at $46,103,000. 68.32% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
PYPL has been the subject of a number of analyst reports. Cowen reaffirmed a “mixed” rating on shares of PayPal in a report on Wednesday, October 29th. Morgan Stanley reissued a “negative” rating on shares of PayPal in a report on Wednesday, October 29th. HSBC raised their target price on PayPal from $86.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Truist Financial upped their price target on PayPal from $65.00 to $66.00 and gave the company a “sell” rating in a research report on Tuesday, November 4th. Finally, Compass Point lowered their price target on shares of PayPal from $66.00 to $56.00 and set a “sell” rating on the stock in a report on Tuesday, December 9th. Twelve investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $78.97.
Insider Activity at PayPal
In other PayPal news, insider Suzan Kereere sold 12,500 shares of PayPal stock in a transaction dated Monday, November 3rd. The stock was 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 of the company’s stock, valued at $2,133,799.21. The trade was a 28.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Chris Natali sold 1,374 shares of the company’s 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,156 shares of company stock valued at $2,432,524 over the last ninety days. 0.08% of the stock is currently owned by insiders.
PayPal Stock Performance
Shares of PYPL opened at $59.44 on Friday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.25. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56. The company has a market cap of $55.62 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.82 and a beta of 1.43. The stock has a 50-day moving average price of $64.77 and a 200-day moving average price of $68.88.
PayPal (NASDAQ:PYPL – Get Free Report) last announced its 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. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The business had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $8.21 billion. During the same period last year, the firm posted $1.20 earnings per share. PayPal’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. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
PayPal Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were issued 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 was Wednesday, November 19th. PayPal’s payout ratio is currently 11.22%.
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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