Covey Capital Advisors LLC Lowers Position in PayPal Holdings, Inc. $PYPL

Covey Capital Advisors LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 30.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,879 shares of the credit services provider’s stock after selling 2,612 shares during the quarter. Covey Capital Advisors LLC’s holdings in PayPal were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PYPL. AQR Capital Management LLC boosted its stake in shares of PayPal by 15.8% in the first quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider’s stock worth $224,001,000 after acquiring an additional 476,763 shares during the period. Thompson Investment Management Inc. lifted its holdings in PayPal by 2.8% in the 2nd quarter. Thompson Investment Management Inc. now owns 154,991 shares of the credit services provider’s stock worth $11,519,000 after purchasing an additional 4,165 shares in the last quarter. Kathmere Capital Management LLC purchased a new position in PayPal in the 2nd quarter worth approximately $325,000. Allianz SE boosted its stake in PayPal by 281.8% in the 1st quarter. Allianz SE now owns 30,338 shares of the credit services provider’s stock worth $1,980,000 after purchasing an additional 22,392 shares during the period. Finally, Nuveen LLC purchased a new stake in PayPal during the 1st quarter valued at approximately $529,264,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the transaction, the insider owned 48,483 shares of the company’s stock, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by company insiders.

PayPal Trading Down 2.5%

Shares of NASDAQ PYPL opened at $67.93 on Friday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.33. The business’s 50 day moving average is $69.07 and its two-hundred day moving average is $70.04. The stock has a market capitalization of $64.90 billion, a P/E ratio of 13.61, a PEG ratio of 1.03 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted 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. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The business had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.21 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The business’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. FY 2025 guidance at 5.350-5.390 EPS. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 annualized dividend and a yield of 0.8%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group boosted their price target on shares of PayPal from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday. Robert W. Baird set a $83.00 price objective on shares of PayPal in a report on Wednesday. Cowen reaffirmed a “mixed” rating on shares of PayPal in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price objective on PayPal in a research note on Tuesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $83.31.

PayPal Profile

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.