Employees Retirement System of Texas Buys New Shares in PayPal Holdings, Inc. $PYPL

Employees Retirement System of Texas purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,582 shares of the credit services provider's stock, valued at approximately $563,000.

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Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in PayPal by 15.8% in the 1st quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider's stock valued at $224,001,000 after purchasing an additional 476,763 shares during the last quarter. Thompson Investment Management Inc. raised its stake in PayPal by 2.8% in the second quarter. Thompson Investment Management Inc. now owns 154,991 shares of the credit services provider's stock valued at $11,519,000 after buying an additional 4,165 shares during the period. Kathmere Capital Management LLC acquired a new stake in shares of PayPal in the second quarter valued at approximately $325,000. Allianz SE lifted its position in shares of PayPal by 281.8% in the first quarter. Allianz SE now owns 30,338 shares of the credit services provider's stock valued at $1,980,000 after buying an additional 22,392 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of PayPal during the 1st quarter worth approximately $529,264,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

Shares of PayPal stock opened at $61.83 on Friday. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month 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 company has a 50-day simple moving average of $67.23 and a two-hundred day simple moving average of $69.93. The stock has a market capitalization of $57.85 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 0.83 and a beta of 1.45.

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PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.21 billion. During the same quarter in the prior year, the business posted $1.20 EPS. 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. Analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Dividend Announcement

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. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, November 19th. PayPal's dividend payout ratio (DPR) is 11.22%.

Insider Buying and Selling

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In related news, CAO Chris Natali sold 1,374 shares of the firm'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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the business's stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $68.97, for a total value of $264,706.86. Following the completion of the transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at approximately $1,171,731.33. This trade represents a 18.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 36,156 shares of company stock worth $2,432,524 in the last quarter. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PYPL. HSBC increased their price target on PayPal from $86.00 to $93.00 and gave the company a "buy" rating in a research note on Wednesday, October 29th. TD Cowen increased their price objective on shares of PayPal from $75.00 to $80.00 and gave the company a "hold" rating in a research report on Wednesday, October 29th. Macquarie lifted their target price on shares of PayPal from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, October 29th. Wells Fargo & Company upgraded shares of PayPal to a "hold" rating in a research note on Wednesday, October 22nd. Finally, Robert W. Baird set a $83.00 price objective on shares of PayPal in a research report on Wednesday, October 29th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $82.06.

Check Out Our Latest Stock Analysis on PayPal

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.

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