1832 Asset Management L.P. Invests $2.70 Million in PayPal Holdings, Inc. $PYPL

1832 Asset Management L.P. acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,370 shares of the credit services provider’s stock, valued at approximately $2,703,000.

Several other institutional investors and hedge funds have also bought and sold shares of PYPL. Norges Bank purchased a new position in shares of PayPal during the 2nd quarter valued at $921,570,000. Artisan Partners Limited Partnership lifted its holdings in PayPal by 1.6% during the second quarter. Artisan Partners Limited Partnership now owns 11,992,031 shares of the credit services provider’s stock valued at $891,248,000 after purchasing an additional 184,014 shares during the last quarter. Invesco Ltd. boosted its position in PayPal by 14.9% during the first quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock worth $620,924,000 after purchasing an additional 1,232,155 shares during the period. Nuveen LLC purchased a new position in shares of PayPal in the first quarter worth about $529,264,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of PayPal by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,848,019 shares of the credit services provider’s stock valued at $512,083,000 after purchasing an additional 213,355 shares during the period. 68.32% of the stock is owned by institutional investors.

Insider Activity at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $59.84, for a total value of $249,054.08. Following the sale, the insider directly owned 30,983 shares of the company’s stock, valued at $1,854,022.72. This represents a 11.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Natali sold 1,374 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $69.13, for a total transaction of $94,984.62. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 36,156 shares of company stock worth $2,432,524. 0.08% of the stock is currently owned by insiders.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $62.28 on Friday. The stock’s 50-day moving average is $66.60 and its 200 day moving average is $69.51. The stock has a market cap of $58.27 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 0.83 and a beta of 1.43. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56.

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

PayPal Dividend Announcement

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 paid 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 0.9%. PayPal’s dividend payout ratio (DPR) is presently 11.22%.

Analysts Set New Price Targets

Several research firms recently commented on PYPL. KeyCorp reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 22nd. Macquarie raised their price target on PayPal from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Cowen reiterated a “mixed” rating on shares of PayPal in a research report on Wednesday, October 29th. UBS Group boosted their price objective on PayPal from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a research note on Wednesday, October 8th. Fifteen investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, PayPal presently has an average rating of “Hold” and a consensus price target of $81.39.

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.