Carnegie Investment Counsel Sells 22,290 Shares of PayPal Holdings, Inc. $PYPL

Carnegie Investment Counsel lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,334 shares of the credit services provider’s stock after selling 22,290 shares during the period. Carnegie Investment Counsel’s holdings in PayPal were worth $5,119,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PYPL. Brighton Jones LLC increased its position in shares of PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after purchasing an additional 924 shares during the period. Revolve Wealth Partners LLC acquired a new stake in PayPal during the fourth quarter worth $248,000. Gamco Investors INC. ET AL increased its holdings in PayPal by 14.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 11,195 shares of the credit services provider’s stock valued at $746,000 after buying an additional 1,392 shares during the period. CreativeOne Wealth LLC increased its holdings in PayPal by 1.5% in the 1st quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock valued at $613,000 after buying an additional 142 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of PayPal by 52.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,444,667 shares of the credit services provider’s stock valued at $94,265,000 after buying an additional 494,177 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PYPL. Dbs Bank decreased their target price on shares of PayPal from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Thursday, November 13th. President Capital cut their price target on shares of PayPal from $91.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Wall Street Zen downgraded PayPal from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Keefe, Bruyette & Woods increased their target price on PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Morgan Stanley restated a “negative” rating on shares of PayPal in a research report on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Hold” and an average price target of $78.29.

Insider Activity at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $59.84, for a total transaction of $249,054.08. Following the transaction, the insider directly owned 30,983 shares in the company, valued at approximately $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 accessible through this link. Also, EVP Diego Scotti sold 3,838 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $68.97, for a total transaction of $264,706.86. Following the completion of the sale, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,171,731.33. This represents a 18.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 36,156 shares of company stock worth $2,432,524 in the last quarter. Insiders own 0.08% of the company’s stock.

PayPal Stock Down 0.1%

Shares of PYPL opened at $59.97 on Friday. The company has a market capitalization of $56.11 billion, a P/E ratio of 12.02, a PEG ratio of 0.81 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.25. The business’s 50 day simple moving average is $63.76 and its 200-day simple moving average is $68.31. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.34.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results 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 firm had revenue of $8.42 billion during 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 business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $1.20 EPS. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS and its FY 2025 guidance at 5.350-5.390 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 19th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, November 19th. This represents a $0.56 annualized dividend and a yield of 0.9%. PayPal’s dividend payout ratio is 11.22%.

PayPal Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.