PayPal Holdings, Inc. (NASDAQ:PYPL – Get Free Report)’s share price traded up 1.7% during mid-day trading on Tuesday . The company traded as high as $67.95 and last traded at $67.40. 10,000,956 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 12,174,108 shares. The stock had previously closed at $66.25.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of PayPal from $70.00 to $72.00 and gave the stock a “sell” rating in a report on Wednesday, October 29th. Rothschild & Co Redburn upped their price target on PayPal from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Mizuho set a $84.00 price objective on PayPal in a research note on Thursday, October 30th. Wall Street Zen upgraded PayPal from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Macquarie raised their target price on PayPal from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Fifteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, PayPal currently has a consensus rating of “Hold” and a consensus target price of $82.94.
Read Our Latest Research Report on PayPal
PayPal Stock Performance
PayPal (NASDAQ:PYPL – Get Free Report) last posted its earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.14. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The firm had revenue of $8.42 billion during the quarter, compared to analysts’ expectations of $8.21 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. 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, analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
PayPal Dividend Announcement
The business 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 $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 19th.
Insider Buying and Selling at PayPal
In other PayPal news, EVP Diego Scotti sold 3,838 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were 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 in the company, valued at $1,171,731.33. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Suzan Kereere sold 12,500 shares of PayPal stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $68.87, for a total value of $860,875.00. Following the sale, the insider owned 30,983 shares in the company, valued at $2,133,799.21. This trade represents a 28.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,874 shares of company stock worth $1,856,968 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.
Hedge Funds Weigh In On PayPal
A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. Evermay Wealth Management LLC boosted 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 worth $27,000 after purchasing an additional 363 shares in the last quarter. Hilltop National Bank purchased a new stake in PayPal in the 2nd quarter valued at approximately $27,000. MUFG Securities EMEA plc increased its position in PayPal by 100.4% during the 2nd quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 87,524 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in shares of PayPal during the third quarter worth about $30,000. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in PayPal by 41.2% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.
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.
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