Assetmark Inc. Boosts Stock Position in PayPal Holdings, Inc. $PYPL

Assetmark Inc. grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 287.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,696 shares of the credit services provider’s stock after buying an additional 4,224 shares during the period. Assetmark Inc.’s holdings in PayPal were worth $423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Evermay Wealth Management LLC boosted its holdings in PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of PayPal during the 2nd quarter worth approximately $27,000. Gordian Capital Singapore Pte Ltd boosted its holdings in shares of 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 buying an additional 138 shares in the last quarter. American National Bank & Trust grew its position in shares of PayPal by 52.5% in the 2nd quarter. American National Bank & Trust now owns 610 shares of the credit services provider’s stock valued at $45,000 after buying an additional 210 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its stake in PayPal by 39.1% during the 2nd quarter. Financial Management Professionals Inc. now owns 669 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In related news, CAO Chris Natali sold 1,374 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzan Kereere sold 12,500 shares of the business’s stock in a transaction dated 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 approximately $2,133,799.21. This represents a 28.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 26,874 shares of company stock valued at $1,856,968. 0.08% of the stock is owned by company insiders.

PayPal Trading Down 0.1%

Shares of PayPal stock opened at $66.22 on Friday. The firm has a market cap of $61.96 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.98 and a beta of 1.45. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company’s 50-day simple moving average is $68.77 and its 200-day simple moving average is $70.30. 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 (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The company had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.21 billion. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PYPL shares. JMP Securities decreased their price objective 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. HSBC boosted their target price on PayPal from $86.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Wells Fargo & Company upgraded PayPal to a “hold” rating in a research note on Wednesday, October 22nd. Morgan Stanley reiterated a “negative” rating on shares of PayPal in a research note on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods increased their price objective on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Fifteen investment 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $83.03.

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.