OneAscent Wealth Management LLC Buys Shares of 2,863 PayPal Holdings, Inc. $PYPL

OneAscent Wealth Management LLC purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,863 shares of the credit services provider’s stock, valued at approximately $213,000.

A number of other institutional investors have also modified their holdings of the company. Soltis Investment Advisors LLC acquired a new stake in PayPal during the second quarter worth approximately $300,000. Souders Financial Advisors acquired a new position in PayPal in the 2nd quarter valued at $207,000. Achmea Investment Management B.V. lifted its stake in shares of PayPal by 2.0% during the 2nd quarter. Achmea Investment Management B.V. now owns 208,272 shares of the credit services provider’s stock worth $15,478,000 after purchasing an additional 3,992 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of PayPal by 74.0% during the second quarter. Golden State Wealth Management LLC now owns 1,653 shares of the credit services provider’s stock worth $123,000 after purchasing an additional 703 shares during the last quarter. Finally, SouthState Corp grew its position in shares of PayPal by 24.2% in the second quarter. SouthState Corp now owns 84,208 shares of the credit services provider’s stock valued at $6,258,000 after purchasing an additional 16,431 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other PayPal news, insider Suzan Kereere sold 12,500 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $68.87, for a total transaction of $860,875.00. Following the transaction, the insider 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $68.97, for a total value of $264,706.86. Following the completion of the transaction, the executive vice president owned 16,989 shares of the company’s stock, valued at approximately $1,171,731.33. The trade was a 18.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 26,874 shares of company stock valued at $1,856,968. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PYPL. Royal Bank Of Canada raised their price target on PayPal from $88.00 to $91.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Compass Point reiterated a “sell” rating and set a $66.00 price objective on shares of PayPal in a report on Wednesday, October 29th. Truist Financial raised their target price on shares of PayPal from $65.00 to $66.00 and gave the stock a “sell” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a report on Wednesday, October 8th. Finally, Sanford C. Bernstein cut their price target on shares of PayPal from $85.00 to $76.00 in a research note on Tuesday, October 21st. Fifteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.03.

PayPal Stock Performance

Shares of PYPL opened at $66.22 on Friday. The firm has a market cap of $61.96 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.98 and a beta of 1.45. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $68.77 and its two-hundred day moving average is $70.30. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. The business 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%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 earnings per share. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS. FY 2025 guidance at 5.350-5.390 EPS. Analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date is Wednesday, November 19th.

PayPal 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.