Prospect Financial Services LLC Sells 26,232 Shares of PayPal Holdings, Inc. $PYPL

Prospect Financial Services LLC decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 42.7% in the second quarter, HoldingsChannel reports. The fund owned 35,271 shares of the credit services provider’s stock after selling 26,232 shares during the quarter. PayPal makes up 1.6% of Prospect Financial Services LLC’s portfolio, making the stock its 21st largest position. Prospect Financial Services LLC’s holdings in PayPal were worth $2,621,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. WP Advisors LLC lifted its holdings in shares of PayPal by 0.8% during the 2nd quarter. WP Advisors LLC now owns 110,052 shares of the credit services provider’s stock valued at $8,179,000 after purchasing an additional 901 shares during the last quarter. Grandfield & Dodd LLC raised its stake in PayPal by 1.1% in the second quarter. Grandfield & Dodd LLC now owns 391,560 shares of the credit services provider’s stock valued at $29,101,000 after buying an additional 4,074 shares during the last quarter. Good Life Advisors LLC boosted its holdings in PayPal by 6.3% in the second quarter. Good Life Advisors LLC now owns 6,229 shares of the credit services provider’s stock worth $463,000 after acquiring an additional 370 shares in the last quarter. Capital Investment Counsel Inc grew its stake in shares of PayPal by 2.1% during the second quarter. Capital Investment Counsel Inc now owns 35,589 shares of the credit services provider’s stock worth $2,645,000 after acquiring an additional 730 shares during the last quarter. Finally, MV Capital Management Inc. grew its stake in shares of PayPal by 38.9% during the second quarter. MV Capital Management Inc. now owns 3,547 shares of the credit services provider’s stock worth $264,000 after acquiring an additional 993 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 2.8%

NASDAQ PYPL opened at $65.33 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 1.34. The company has a market capitalization of $61.13 billion, a PE ratio of 13.09, a P/E/G ratio of 0.99 and a beta of 1.45. The company has a fifty day moving average of $68.54 and a 200 day moving average of $70.39.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.14. The company had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $8.21 billion. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm 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. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%.

Insider Buying and Selling

In other news, insider Suzan Kereere sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $68.87, for a total transaction of $860,875.00. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at $2,133,799.21. This trade represents a 28.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Aaron Webster sold 9,282 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $66.29, for a total transaction of $615,303.78. Following the completion of the transaction, the executive vice president owned 35,699 shares of the company’s stock, valued at approximately $2,366,486.71. This represents a 20.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 36,156 shares of company stock worth $2,472,271. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PYPL shares. Wells Fargo & Company upgraded shares of PayPal to a “hold” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group raised their price target on shares of PayPal from $70.00 to $72.00 and gave the stock a “sell” rating in a report on Wednesday, October 29th. Argus boosted their price objective on shares of PayPal from $81.00 to $87.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of PayPal in a research report on Wednesday, October 8th. Finally, KeyCorp reaffirmed a “hold” rating on shares of PayPal in a research report on Wednesday, October 22nd. Fifteen equities 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $82.94.

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.