Ashton Thomas Private Wealth LLC Sells 29,116 Shares of PayPal Holdings, Inc. $PYPL

Ashton Thomas Private Wealth LLC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 74.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,911 shares of the credit services provider’s stock after selling 29,116 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in PayPal were worth $737,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Evermay Wealth Management LLC lifted its position in shares of PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 363 shares during the period. Hilltop National Bank bought a new position in PayPal in the second quarter worth approximately $27,000. Gordian Capital Singapore Pte Ltd raised its stake 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 worth $31,000 after buying an additional 138 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in PayPal by 41.7% during the first quarter. Cornerstone Planning Group LLC now owns 666 shares of the credit services provider’s stock worth $42,000 after buying an additional 196 shares during the period. Finally, American National Bank & Trust boosted its position in PayPal by 52.5% during the 2nd quarter. American National Bank & Trust now owns 610 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total transaction of $288,801.18. Following the sale, the insider directly owned 48,483 shares of the company’s stock, valued at $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.

PayPal Price Performance

Shares of PYPL stock opened at $67.93 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.34. The firm has a market capitalization of $64.90 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.03 and a beta of 1.44. The stock’s 50-day simple moving average is $69.07 and its 200-day simple moving average is $70.04.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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. The firm had revenue of $8.42 billion during the quarter, compared to analyst estimates of $8.21 billion. PayPal had a net margin of 14.96% and a return on equity of 25.64%. PayPal’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $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. 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 will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 19th.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Argus lifted their price target on PayPal from $81.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler set a $74.00 price objective on PayPal in a research report on Tuesday, July 29th. Wall Street Zen downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Weiss Ratings reissued a “hold (c)” rating on shares of PayPal in a research report on Wednesday, October 8th. Finally, Sanford C. Bernstein lowered their price target on shares of PayPal from $85.00 to $76.00 in a report on Tuesday, October 21st. Sixteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $83.31.

About PayPal

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.