Bridgewater Advisors Inc. purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 3,668 shares of the credit services provider’s stock, valued at approximately $262,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd boosted its position in PayPal by 41.2% during the 1st 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 during the period. GSB Wealth Management LLC lifted its holdings in shares of PayPal by 1.7% during the second 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 grew its stake in shares of PayPal by 1.5% in the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock worth $613,000 after purchasing an additional 142 shares during the last quarter. Pitti Group Wealth Management LLC grew its stake in shares of PayPal by 1.5% in 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, MONECO Advisors LLC increased its holdings in PayPal by 0.8% in the first quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider’s stock valued at $1,334,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.
Insider Transactions at PayPal
In other news, CAO Chris Natali sold 1,374 shares of the firm’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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diego Scotti sold 3,838 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were 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 directly owned 16,989 shares of the company’s stock, valued at $1,171,731.33. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,874 shares of company stock valued at $1,856,968 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.
PayPal Price Performance
PayPal (NASDAQ:PYPL – Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share 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 company had revenue of $8.42 billion during the quarter, compared to analyst estimates of $8.21 billion. During the same quarter in the previous year, the business posted $1.20 EPS. PayPal’s revenue for the quarter was up 7.3% compared to the same quarter last year. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS. FY 2025 guidance at 5.350-5.390 EPS. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current 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 issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 19th. This represents a $0.56 annualized dividend and a dividend yield of 0.8%.
Wall Street Analyst Weigh In
PYPL has been the topic of several recent research reports. Morgan Stanley reaffirmed a “negative” rating on shares of PayPal in a report on Wednesday, October 29th. HSBC lifted their price objective on PayPal from $86.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group increased their target price on shares of PayPal from $70.00 to $72.00 and gave the company a “sell” rating in a research report on Wednesday, October 29th. Robert W. Baird set a $83.00 price target on shares of PayPal in a report on Wednesday, October 29th. Finally, Mizuho set a $84.00 price objective on shares of PayPal in a research note on Thursday, October 30th. Fifteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, PayPal presently has an average rating of “Hold” and a consensus target price of $83.03.
Check Out Our Latest Stock 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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