Elo Mutual Pension Insurance Co Cuts Position in PayPal Holdings, Inc. $PYPL

Elo Mutual Pension Insurance Co lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.8% during the second quarter, Holdings Channel reports. The institutional investor owned 115,812 shares of the credit services provider’s stock after selling 11,108 shares during the period. Elo Mutual Pension Insurance Co’s holdings in PayPal were worth $8,607,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. GSB Wealth Management LLC lifted its stake in PayPal by 1.7% in the 2nd quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock valued at $606,000 after buying an additional 140 shares in the last quarter. CreativeOne Wealth LLC increased its position in PayPal by 1.5% during the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock worth $613,000 after buying an additional 142 shares in the last quarter. Pitti Group Wealth Management LLC raised its holdings 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 acquiring an additional 147 shares during the last quarter. Finally, MONECO Advisors LLC raised its holdings in shares of PayPal by 0.8% in the first quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider’s stock worth $1,334,000 after acquiring an additional 154 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $68.97, for a total transaction of $264,706.86. Following the completion of the transaction, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,171,731.33. This represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Suzan Kereere sold 12,500 shares of PayPal stock in a transaction 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 completion of the sale, the insider 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 36,156 shares of company stock valued at $2,432,524. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several analyst reports. JMP Securities cut their price target on PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a report on Wednesday, July 30th. Morgan Stanley reiterated a “negative” rating on shares of PayPal in a research note on Wednesday, October 29th. Wall Street Zen upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. The Goldman Sachs Group raised their price target on PayPal from $70.00 to $72.00 and gave the stock a “sell” rating in a research note on Wednesday, October 29th. Finally, KGI Securities dropped their price objective on shares of PayPal from $85.00 to $80.00 in a research note on Monday, November 10th. Fifteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, PayPal presently has a consensus rating of “Hold” and an average target price of $82.12.

PayPal Stock Performance

PayPal stock opened at $60.56 on Tuesday. The stock’s 50 day moving average price is $67.61 and its 200 day moving average price is $70.10. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $56.66 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.82 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.14. The firm had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $8.21 billion. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Dividend Announcement

The firm 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 dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, November 19th. PayPal’s dividend payout ratio (DPR) is 11.22%.

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.