WASHINGTON TRUST Co Sells 10,568 Shares of PayPal Holdings, Inc. $PYPL

WASHINGTON TRUST Co reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 186,664 shares of the credit services provider’s stock after selling 10,568 shares during the period. WASHINGTON TRUST Co’s holdings in PayPal were worth $13,873,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in PayPal by 15.8% in 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 buying an additional 476,763 shares during the last quarter. Thompson Investment Management Inc. increased its holdings in shares of PayPal by 2.8% during 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 acquiring an additional 4,165 shares in the last quarter. Kathmere Capital Management LLC bought a new position in PayPal during the second quarter valued at about $325,000. Allianz SE grew its position in shares of PayPal by 281.8% during the 1st 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 in the last quarter. Finally, Nuveen LLC bought a new stake in PayPal in the first quarter worth $529,264,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

Shares of NASDAQ PYPL traded down $0.12 during trading on Thursday, reaching $67.08. The stock had a trading volume of 953,984 shares, compared to its average volume of 12,112,589. 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 stock has a market cap of $62.76 billion, a PE ratio of 13.45, a P/E/G ratio of 0.99 and a beta of 1.45. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The firm’s 50 day moving average price is $68.60 and its two-hundred day moving average price is $70.42.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. The firm had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.21 billion. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 earnings per share. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS. FY 2025 guidance at 5.350-5.390 EPS. On average, research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.56 dividend on an annualized basis and a yield of 0.8%.

Insider Buying and Selling

In other PayPal news, CAO Chris Natali sold 1,374 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $69.13, for a total value of $94,984.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Suzan Kereere sold 12,500 shares of the company’s 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 sale, the insider directly owned 30,983 shares in the company, valued at $2,133,799.21. This trade represents a 28.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 36,156 shares of company stock worth $2,472,271 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Robert W. Baird set a $83.00 target price on shares of PayPal in a research note on Wednesday, October 29th. TD Cowen boosted their price objective on PayPal from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Macquarie boosted their target price on shares of PayPal from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Mizuho set a $84.00 price target on PayPal in a research note on Thursday, October 30th. Fifteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $82.94.

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.