Illinois Municipal Retirement Fund Raises Stock Position in PayPal Holdings, Inc. $PYPL

Illinois Municipal Retirement Fund grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 113.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,481 shares of the credit services provider’s stock after buying an additional 24,138 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in PayPal were worth $3,380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC lifted its stake in shares of PayPal by 1.7% in the 2nd quarter. Fidelis Capital Partners LLC now owns 12,491 shares of the credit services provider’s stock valued at $867,000 after purchasing an additional 209 shares during the last quarter. ProShare Advisors LLC raised its holdings in PayPal by 0.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,544,635 shares of the credit services provider’s stock valued at $114,797,000 after buying an additional 5,843 shares during the period. Roberts Glore & Co. Inc. IL lifted its position in PayPal by 4.7% in the second quarter. Roberts Glore & Co. Inc. IL now owns 23,967 shares of the credit services provider’s stock worth $1,781,000 after buying an additional 1,065 shares during the last quarter. Zions Bancorporation National Association UT boosted its stake in PayPal by 1.2% during the second quarter. Zions Bancorporation National Association UT now owns 73,490 shares of the credit services provider’s stock worth $5,462,000 after buying an additional 868 shares during the period. Finally, Midwest Trust Co purchased a new position in PayPal during the second quarter worth $33,598,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 0.3%

NASDAQ PYPL opened at $67.20 on Thursday. The company has a 50 day moving average price of $68.60 and a 200 day moving average price of $70.42. 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 Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The firm has a market cap of $62.88 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 0.99 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last announced 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 for the quarter, compared to the consensus estimate of $8.21 billion. During the same period in the previous year, the business earned $1.20 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. 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 company also recently declared 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 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 19th.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Truist Financial upped their target price on PayPal from $65.00 to $66.00 and gave the company a “sell” rating in a research note on Tuesday, November 4th. Sanford C. Bernstein dropped their price objective on PayPal from $85.00 to $76.00 in a report on Tuesday, October 21st. Robert W. Baird set a $83.00 target price on shares of PayPal in a research note on Wednesday, October 29th. Finally, Compass Point reaffirmed a “sell” rating and issued a $66.00 price target on shares of PayPal in a research note on Wednesday, October 29th. Fifteen investment 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. Based on data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average price target of $82.94.

Insider Transactions at PayPal

In related news, insider Suzan Kereere sold 12,500 shares of the company’s stock in a transaction that occurred on 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 represents a 28.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Aaron Webster sold 9,282 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $66.29, for a total transaction of $615,303.78. Following the transaction, the executive vice president directly owned 35,699 shares of the company’s stock, valued at approximately $2,366,486.71. This trade represents a 20.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 36,156 shares of company stock valued at $2,472,271. 0.08% of the stock is owned by company insiders.

PayPal Profile

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.