PayPal Holdings, Inc. $PYPL Shares Sold by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 416,293 shares of the credit services provider’s stock after selling 21,508 shares during the quarter. PayPal makes up approximately 2.3% of Greatmark Investment Partners Inc.’s holdings, making the stock its 16th biggest holding. Greatmark Investment Partners Inc.’s holdings in PayPal were worth $21,868,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PYPL. Allied Private Wealth LLC purchased a new stake in shares of PayPal during the second quarter valued at approximately $25,000. Robinswood Financial LLC bought a new position in shares of PayPal during the first quarter worth about $26,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of PayPal in the second quarter valued at approximately $27,000. Johnson Financial Group Inc. bought a new stake in shares of PayPal during the second quarter valued at approximately $27,000. Finally, Toth Financial Advisory Corp raised its holdings in shares of PayPal by 448.3% during the third quarter. Toth Financial Advisory Corp now owns 636 shares of the credit services provider’s stock valued at $33,000 after buying an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Activity

In other PayPal news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total value of $253,715.52. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at $1,888,723.68. This trade represents a 11.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $55.43, for a total value of $255,643.16. Following the completion of the sale, the insider owned 41,567 shares in the company, valued at approximately $2,304,058.81. This trade represents a 9.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,437 shares of company stock worth $768,417 over the last quarter. 0.63% of the stock is currently owned by company insiders.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $57.01 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $70.35. The stock has a market capitalization of $47.36 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.27. The business’s fifty day moving average price is $55.36 and its two-hundred day moving average price is $50.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 27th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.14. The business had revenue of $8.58 billion for the quarter, compared to the consensus estimate of $8.71 billion. PayPal had a net margin of 13.78% and a return on equity of 24.39%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 5.58 EPS for the current fiscal year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, December 4th. PayPal’s payout ratio is 10.69%.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal’s earnings-call commentary highlighted progress in diversifying beyond its traditional checkout business, including growth in financial services, strong Venmo engagement, product expansion and continued cost discipline. These developments suggest improving operating execution and helped support the stock. The 5 most interesting analyst questions from PayPal’s Q3 earnings call
• Positive Sentiment: PayPal remains viewed as a potentially attractive value stock: commentary points to ongoing revenue growth, robust free cash flow and substantial share-repurchase capacity. Its relatively low valuation could provide downside support if the turnaround gains traction. Is PayPal Stock a Value or a Value Trap?
• Neutral Sentiment: KeyCorp raised its 2027 EPS forecasts for the first and third quarters but lowered its fourth-quarter estimate, leaving the overall earnings outlook mixed rather than materially changed.
• Neutral Sentiment: PayPal is included among financial-transaction companies that could benefit from resilient consumer spending, cross-border payments and strategic acquisitions. However, rising technology costs and inflation remain industry-wide risks. 5 Financial Transaction Stocks to Watch Amid Cost and Inflation Pressure
• Negative Sentiment: Barclays downgraded PayPal to Underweight and cut its price target to $53 from $56, citing slowing growth in core checkout, secular pressure on the branded button and a lower likelihood of a takeover. Barclays lowers PayPal stock to Underweight on slowing fundamentals
• Negative Sentiment: Several firms, including Canaccord Genuity, Needham, BTIG and Bernstein, maintained Hold or Neutral views, while Citigroup lowered its expectations. The broad lack of bullish analyst conviction continues to weigh on sentiment.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group lowered their price target on PayPal from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday. William Blair reaffirmed a “market perform” rating on shares of PayPal in a research note on Wednesday, July 15th. The Goldman Sachs Group set a $50.00 price objective on shares of PayPal in a report on Tuesday, July 28th. Keefe, Bruyette & Woods increased their price target on PayPal from $55.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Robert W. Baird boosted their price objective on PayPal from $50.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, thirty-one have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, PayPal has a consensus rating of “Hold” and an average target price of $55.94.

About PayPal

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and businesses to send, receive, and manage money online and through mobile devices. Its services support online checkout, peer-to-peer payments, money transfers, payment processing, invoicing, and other commerce-related transactions.

The company’s portfolio includes the PayPal and Venmo brands, Braintree’s payment processing technology, and Xoom’s international money transfer service. PayPal also offers merchant tools, digital wallets, payment solutions, and consumer financing products through its platform and related services.

PayPal traces its origins to 1998 and became an independent publicly traded company after separating from eBay in 2015.