Bristlecone Advisors LLC Sells 25,893 Shares of PayPal Holdings, Inc. $PYPL

Bristlecone Advisors LLC lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 49.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,987 shares of the credit services provider’s stock after selling 25,893 shares during the quarter. Bristlecone Advisors LLC’s holdings in PayPal were worth $2,006,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PYPL. Nuveen LLC bought a new position in shares of PayPal during the 1st quarter worth approximately $529,264,000. Goldman Sachs Group Inc. raised its stake in shares of PayPal by 44.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider’s stock worth $558,499,000 after acquiring an additional 2,638,815 shares in the last quarter. Deutsche Bank AG raised its stake in shares of PayPal by 19.1% during the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider’s stock worth $733,294,000 after acquiring an additional 1,798,330 shares in the last quarter. Invesco Ltd. increased its stake in PayPal by 14.9% during the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock valued at $620,924,000 after purchasing an additional 1,232,155 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in PayPal by 301.7% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,156,955 shares of the credit services provider’s stock valued at $75,491,000 after purchasing an additional 868,953 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Activity at PayPal

In other news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the sale, the executive vice president owned 16,989 shares in the company, valued at $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Chris Natali sold 7,102 shares of PayPal stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Macquarie restated an “outperform” rating and set a $95.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. KeyCorp reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 22nd. Royal Bank Of Canada increased their price objective on shares of PayPal from $88.00 to $91.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Truist Financial set a $65.00 price objective on shares of PayPal in a research note on Friday. Fifteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.89.

PayPal Stock Up 3.9%

PYPL stock opened at $73.02 on Wednesday. The firm has a market cap of $69.76 billion, a PE ratio of 15.60, a P/E/G ratio of 1.09 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The firm’s fifty day moving average is $69.03 and its 200 day moving average is $70.01. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 EPS for the quarter, beating the consensus estimate 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 net margin of 14.49% and a return on equity of 25.35%. The firm’s revenue was up 7.3% on a year-over-year basis. 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 EPS for the current year.

PayPal Announces Dividend

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

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.