Simmons Bank Sells 24,827 Shares of PayPal Holdings, Inc. $PYPL

Simmons Bank decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 90.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,706 shares of the credit services provider’s stock after selling 24,827 shares during the period. Simmons Bank’s holdings in PayPal were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PYPL. Brighton Jones LLC raised its stake in PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after buying an additional 924 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of PayPal in the fourth quarter worth about $248,000. Envestnet Asset Management Inc. increased its holdings in shares of PayPal by 10.8% in the first quarter. Envestnet Asset Management Inc. now owns 1,645,149 shares of the credit services provider’s stock worth $107,346,000 after acquiring an additional 159,951 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of PayPal by 1.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 567,496 shares of the credit services provider’s stock worth $36,059,000 after purchasing an additional 5,698 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of PayPal by 7.9% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 7,414 shares of the credit services provider’s stock valued at $484,000 after purchasing an additional 546 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PYPL. Truist Financial lifted their price target on shares of PayPal from $65.00 to $66.00 and gave the company a “sell” rating in a research note on Tuesday. Barclays restated an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. Mizuho set a $84.00 target price on shares of PayPal in a research note on Thursday, October 30th. Wells Fargo & Company raised PayPal to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PayPal in a research report on Wednesday, October 8th. Fifteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, PayPal has an average rating of “Hold” and an average target price of $83.03.

Insiders Place Their Bets

In other news, 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 transaction of $860,875.00. Following the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $2,133,799.21. This trade represents a 28.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Chris Natali sold 1,374 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $69.13, for a total value of $94,984.62. The disclosure for this sale is available in the SEC filing. Insiders sold 26,874 shares of company stock worth $1,856,968 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

PayPal Stock Down 2.6%

PayPal stock opened at $66.26 on Friday. The firm has a market capitalization of $62.00 billion, a PE ratio of 13.28, a P/E/G ratio of 1.00 and a beta of 1.45. The company’s 50-day moving average is $68.85 and its 200-day moving average is $70.26. 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 current ratio of 1.34 and a quick ratio of 1.34.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (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 company had revenue of $8.42 billion during the quarter, compared to analysts’ expectations of $8.21 billion. During the same period last year, the firm posted $1.20 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS. FY 2025 guidance at 5.350-5.390 EPS. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be given a dividend of $0.14 per share. 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.

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.