Bank of New York Mellon Corp Sells 473,423 Shares of PayPal Holdings, Inc. $PYPL

Bank of New York Mellon Corp reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,914,421 shares of the credit services provider’s stock after selling 473,423 shares during the quarter. Bank of New York Mellon Corp’s holdings in PayPal were worth $439,560,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Freestone Capital Holdings LLC grew its position in shares of PayPal by 35.1% in the 2nd quarter. Freestone Capital Holdings LLC now owns 49,548 shares of the credit services provider’s stock worth $3,682,000 after buying an additional 12,865 shares during the last quarter. Ceera Investments LLC grew its position in shares of PayPal by 29.4% in the 2nd quarter. Ceera Investments LLC now owns 101,962 shares of the credit services provider’s stock worth $7,578,000 after buying an additional 23,165 shares during the last quarter. Telos Capital Management Inc. grew its position in shares of PayPal by 4.3% in the 2nd quarter. Telos Capital Management Inc. now owns 100,725 shares of the credit services provider’s stock worth $7,486,000 after buying an additional 4,145 shares during the last quarter. EPG Wealth Management LLC grew its position in shares of PayPal by 43.4% in the 2nd quarter. EPG Wealth Management LLC now owns 15,322 shares of the credit services provider’s stock worth $1,139,000 after buying an additional 4,635 shares during the last quarter. Finally, State of Michigan Retirement System boosted its position in shares of PayPal by 3.4% during the second quarter. State of Michigan Retirement System now owns 277,492 shares of the credit services provider’s stock valued at $20,623,000 after purchasing an additional 9,100 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Transactions at PayPal

In other news, CAO Chris Natali sold 1,374 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $69.13, for a total value of $94,984.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Suzan Kereere sold 5,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $69.52, for a total value of $347,600.00. Following the completion of the transaction, the insider owned 43,483 shares of the company’s stock, valued at $3,022,938.16. This represents a 10.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 14,374 shares of company stock worth $996,093 over the last quarter. 0.08% of the stock is currently owned by insiders.

PayPal Stock Down 1.3%

Shares of NASDAQ:PYPL opened at $68.34 on Tuesday. The stock has a fifty day simple moving average of $69.04 and a two-hundred day simple moving average of $70.27. The stock has a market capitalization of $63.94 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.02 and a beta of 1.45. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month 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 announced its quarterly earnings data on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The business 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 firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous 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 anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Announces Dividend

The business 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 dividend of $0.14 per share. The ex-dividend date is Wednesday, November 19th. This represents a $0.56 dividend on an annualized basis and a yield of 0.8%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Rothschild & Co Redburn lifted their price target on PayPal from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Piper Sandler set a $74.00 price target on PayPal in a research report on Tuesday, July 29th. Seaport Res Ptn upgraded PayPal from a “strong sell” rating to a “hold” rating in a research report on Monday, July 14th. The Goldman Sachs Group lifted their price target on PayPal from $70.00 to $72.00 and gave the company a “sell” rating in a research report on Wednesday, October 29th. Finally, BMO Capital Markets restated a “market perform” rating on shares of PayPal in a research report on Tuesday, July 29th. Fifteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus target price of $83.00.

PayPal Company 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.