Prospect Financial Services LLC Sells 26,232 Shares of PayPal Holdings, Inc. $PYPL

Prospect Financial Services LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 42.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,271 shares of the credit services provider’s stock after selling 26,232 shares during the quarter. PayPal comprises about 1.6% of Prospect Financial Services LLC’s investment portfolio, making the stock its 21st biggest position. Prospect Financial Services LLC’s holdings in PayPal were worth $2,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Evermay Wealth Management LLC increased its position in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 363 shares during the last quarter. Hilltop National Bank purchased a new position in PayPal during the second quarter worth $27,000. MUFG Securities EMEA plc increased its position in PayPal by 100.4% during the second quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 87,524 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of PayPal by 41.2% in the 1st 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, American National Bank & Trust lifted its holdings in shares of PayPal by 52.5% in the 2nd quarter. American National Bank & Trust now owns 610 shares of the credit services provider’s stock worth $45,000 after acquiring an additional 210 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent analyst reports. JMP Securities reduced their price objective on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 30th. Canaccord Genuity Group increased their price target on PayPal from $96.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Tuesday, October 28th. TD Cowen upped their price objective on PayPal from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of PayPal in a research report on Tuesday, July 29th. Fifteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.94.

PayPal Trading Down 2.8%

Shares of NASDAQ PYPL opened at $65.33 on Friday. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The firm has a market cap of $61.13 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 0.99 and a beta of 1.45. The business has a fifty day simple moving average of $68.54 and a two-hundred day simple moving average of $70.39. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL) last posted 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 for the quarter, compared to the consensus estimate of $8.21 billion. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. Analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $0.56 annualized dividend and a dividend yield of 0.9%.

Insider Buying and Selling at PayPal

In related news, EVP Aaron Webster sold 9,282 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $66.29, for a total value of $615,303.78. Following the completion of the transaction, the executive vice president owned 35,699 shares of the company’s stock, valued at $2,366,486.71. The trade was a 20.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 16,989 shares of the company’s stock, valued at approximately $1,171,731.33. This represents a 18.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 36,156 shares of company stock worth $2,472,271. 0.08% of the stock is owned by company insiders.

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.