Andra AP fonden Has $37.46 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

Andra AP fonden raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 504,000 shares of the credit services provider’s stock after buying an additional 98,800 shares during the period. Andra AP fonden’s holdings in PayPal were worth $37,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PYPL. AQR Capital Management LLC grew its position in shares of PayPal by 15.8% during the 1st quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider’s stock valued at $224,001,000 after acquiring an additional 476,763 shares during the period. Thompson Investment Management Inc. lifted its stake in PayPal by 2.8% in the second quarter. Thompson Investment Management Inc. now owns 154,991 shares of the credit services provider’s stock valued at $11,519,000 after purchasing an additional 4,165 shares during the last quarter. Kathmere Capital Management LLC bought a new position in PayPal during the second quarter valued at $325,000. Allianz SE grew its holdings in PayPal by 281.8% during the first quarter. Allianz SE now owns 30,338 shares of the credit services provider’s stock valued at $1,980,000 after purchasing an additional 22,392 shares during the period. Finally, Nuveen LLC purchased a new stake in PayPal in the first quarter worth $529,264,000. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Compass Point reiterated a “sell” rating and set a $66.00 price target on shares of PayPal in a research note on Wednesday, October 29th. HSBC upped their price objective on shares of PayPal from $86.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. JMP Securities reduced their target price on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a research note on Wednesday, October 8th. Finally, Piper Sandler set a $74.00 price objective on shares of PayPal in a 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $83.03.

Insiders Place Their Bets

In related news, CAO Chris Natali sold 1,374 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $69.13, for a total value of $94,984.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $68.97, for a total transaction of $264,706.86. Following the completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,171,731.33. This represents a 18.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,874 shares of company stock worth $1,856,968 in the last ninety days. 0.08% of the stock is currently owned by insiders.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $68.06 on Thursday. The company has a 50 day moving average of $68.92 and a 200 day moving average of $70.29. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56. The stock has a market cap of $63.68 billion, a P/E ratio of 13.64, a P/E/G ratio of 0.97 and a beta of 1.45. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last posted its 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 business had revenue of $8.42 billion for 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 business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company 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 forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 19th.

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.