Summit Investment Advisors Inc. Acquires 1,103 Shares of PayPal Holdings, Inc. $PYPL

Summit Investment Advisors Inc. lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,324 shares of the credit services provider’s stock after purchasing an additional 1,103 shares during the quarter. Summit Investment Advisors Inc.’s holdings in PayPal were worth $5,306,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank bought a new position in PayPal in the second quarter worth approximately $27,000. MUFG Securities EMEA plc lifted its position in PayPal by 100.4% during the second quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 87,524 shares during the last quarter. Evermay Wealth Management LLC lifted its position in PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 363 shares during the last quarter. Gordian Capital Singapore Pte Ltd boosted its stake in PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 138 shares in the last quarter. Finally, American National Bank & Trust grew its holdings in PayPal by 52.5% in the second quarter. American National Bank & Trust now owns 610 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 210 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Canaccord Genuity Group raised their price objective on PayPal from $96.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. HSBC raised their price target on PayPal from $86.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Piper Sandler set a $74.00 price objective on shares of PayPal in a research report on Tuesday, July 29th. Rothschild & Co Redburn boosted their target price on shares of PayPal from $66.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Finally, Robert W. Baird set a $83.00 price target on shares of PayPal in a report on Wednesday, October 29th. Fifteen 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $83.03.

PayPal Stock Performance

Shares of PYPL stock opened at $66.22 on Friday. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. The stock has a market cap of $61.96 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.98 and a beta of 1.45. The business has a 50-day simple moving average of $68.77 and a 200-day simple moving average of $70.30.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 28th. The credit services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. The business had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.21 billion. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS. FY 2025 guidance at 5.350-5.390 EPS. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 12,500 shares of PayPal stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $68.87, for a total value of $860,875.00. Following the sale, the insider directly owned 30,983 shares in the company, valued at approximately $2,133,799.21. The trade was a 28.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $68.97, for a total value of $264,706.86. Following the transaction, the executive vice president directly owned 16,989 shares of the company’s stock, valued at $1,171,731.33. The trade was a 18.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,874 shares of company stock worth $1,856,968 in the last 90 days. Insiders own 0.08% of the company’s stock.

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.