Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 22,409 Shares of PayPal Holdings, Inc. $PYPL

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 40.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,467 shares of the credit services provider’s stock after selling 22,409 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in PayPal were worth $2,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Thompson Investment Management Inc. lifted its stake in PayPal by 2.8% during the 2nd quarter. Thompson Investment Management Inc. now owns 154,991 shares of the credit services provider’s stock valued at $11,519,000 after acquiring an additional 4,165 shares during the period. Kathmere Capital Management LLC purchased a new position in shares of PayPal during the second quarter worth $325,000. Merit Financial Group LLC lifted its position in PayPal by 15.5% during the third quarter. Merit Financial Group LLC now owns 164,901 shares of the credit services provider’s stock valued at $11,058,000 after purchasing an additional 22,139 shares during the period. Ariose Capital Management Ltd boosted its holdings in PayPal by 347.0% in the third quarter. Ariose Capital Management Ltd now owns 193,100 shares of the credit services provider’s stock valued at $12,949,000 after purchasing an additional 149,898 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in PayPal during the 2nd quarter worth about $3,513,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $59.84, for a total value of $249,054.08. Following the completion of the sale, the insider owned 30,983 shares in the company, valued at approximately $1,854,022.72. This represents a 11.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Aaron Webster sold 9,282 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $66.29, for a total value of $615,303.78. Following the transaction, the executive vice president owned 35,699 shares in the company, valued at approximately $2,366,486.71. This represents a 20.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 36,156 shares of company stock worth $2,432,524 in the last 90 days. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PYPL shares. Royal Bank Of Canada boosted their price objective on PayPal from $88.00 to $91.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. President Capital lowered their price objective on PayPal from $91.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. Dbs Bank dropped their price objective on shares of PayPal from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday, November 13th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, October 28th. Finally, Bank of America reissued a “neutral” rating and set a $68.00 price target (down from $93.00) on shares of PayPal in a report on Thursday, December 11th. Twelve analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $77.26.

Check Out Our Latest Analysis on PayPal

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

PayPal Stock Performance

NASDAQ:PYPL opened at $57.66 on Monday. The company has a fifty day moving average of $61.56 and a two-hundred day moving average of $67.37. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.25. The stock has a market capitalization of $53.95 billion, a PE ratio of 11.56, a P/E/G ratio of 0.72 and a beta of 1.42. 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 (NASDAQ:PYPLGet Free Report) last released its earnings results on Tuesday, October 28th. The credit services provider reported $1.34 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 analysts’ expectations of $8.21 billion. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 earnings per share. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS and its FY 2025 guidance at 5.350-5.390 EPS. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, November 19th. PayPal’s dividend payout ratio is currently 11.22%.

PayPal Company Profile

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

See Also

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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