SouthState Corp Purchases 16,431 Shares of PayPal Holdings, Inc. $PYPL

SouthState Corp raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 84,208 shares of the credit services provider’s stock after buying an additional 16,431 shares during the period. SouthState Corp’s holdings in PayPal were worth $6,258,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PYPL. Evermay Wealth Management LLC raised its position in shares of PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 363 shares during the last quarter. Hilltop National Bank bought a new position in shares of PayPal during the second quarter worth about $27,000. MUFG Securities EMEA plc raised its position in shares of PayPal by 100.4% during 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 during the last quarter. Gordian Capital Singapore Pte Ltd raised its position in shares of 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 acquiring an additional 138 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its position in shares of 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 acquiring an additional 196 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PYPL. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Tuesday, October 28th. Sanford C. Bernstein lowered their price objective on PayPal from $85.00 to $76.00 in a research report on Tuesday, October 21st. Keefe, Bruyette & Woods lifted their target price on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. JMP Securities lowered their target price on PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group lifted their target price on PayPal from $70.00 to $72.00 and gave the stock a “sell” rating in a report on Wednesday, October 29th. Fifteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of “Hold” and an average price target of $83.03.

PayPal Trading Up 3.0%

Shares of PayPal stock opened at $68.06 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.34. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The stock has a 50 day moving average price of $68.92 and a two-hundred day moving average price of $70.29. The stock has a market capitalization of $63.68 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45.

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 analysts’ consensus estimates of $1.20 by $0.14. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The firm had revenue of $8.42 billion during the quarter, compared to analysts’ expectations of $8.21 billion. During the same quarter last year, the firm posted $1.20 earnings per share. The company’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. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 19th.

Insider Buying and Selling at PayPal

In other PayPal news, CAO Chris Natali sold 1,374 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suzan Kereere sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $68.87, for a total value of $860,875.00. Following the completion of the sale, the insider directly owned 30,983 shares of the company’s stock, valued at $2,133,799.21. This trade represents a 28.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 26,874 shares of company stock valued at $1,856,968. Company insiders own 0.08% of the company’s stock.

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.