Investment Management Corp of Ontario Sells 24,921 Shares of PayPal Holdings, Inc. $PYPL

Investment Management Corp of Ontario lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 39.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 38,116 shares of the credit services provider’s stock after selling 24,921 shares during the period. Investment Management Corp of Ontario’s holdings in PayPal were worth $2,833,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd lifted its position in PayPal by 41.2% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. GSB Wealth Management LLC grew its position in PayPal by 1.7% in the 2nd quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock worth $606,000 after purchasing an additional 140 shares during the period. CreativeOne Wealth LLC raised its stake in PayPal by 1.5% during the 1st quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock valued at $613,000 after buying an additional 142 shares during the last quarter. Pitti Group Wealth Management LLC raised its stake in PayPal by 1.5% during the 2nd quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider’s stock valued at $761,000 after buying an additional 147 shares during the last quarter. Finally, Falcon Wealth Planning lifted its holdings in shares of PayPal by 2.5% during the 2nd quarter. Falcon Wealth Planning now owns 6,295 shares of the credit services provider’s stock valued at $468,000 after buying an additional 156 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Up 0.6%

PYPL stock opened at $61.16 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.34. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.25. The business has a 50 day simple moving average of $66.19 and a two-hundred day simple moving average of $69.28. The company has a market capitalization of $57.22 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 0.83 and a beta of 1.43.

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 during 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 period last year, the company posted $1.20 EPS. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS and its FY 2025 guidance at 5.350-5.390 EPS. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were issued a $0.14 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.9%. PayPal’s payout ratio is 11.22%.

Insider Buying and Selling

In other PayPal news, EVP Diego Scotti sold 3,838 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $68.97, for a total value of $264,706.86. Following the completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,171,731.33. This represents a 18.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Aaron Webster sold 9,282 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $66.29, for a total value of $615,303.78. Following the transaction, the executive vice president directly owned 35,699 shares in the company, valued at $2,366,486.71. The trade was a 20.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 36,156 shares of company stock worth $2,432,524. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on PYPL. Dbs Bank cut their price objective on PayPal from $75.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, November 13th. Canaccord Genuity Group increased their price objective on shares of PayPal from $96.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $70.00 target price (down from $85.00) on shares of PayPal in a research report on Thursday, December 4th. Cowen restated a “mixed” rating on shares of PayPal in a research report on Wednesday, October 29th. Finally, Jefferies Financial Group lowered their price objective on PayPal from $75.00 to $60.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Fifteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Hold” and an average price target of $80.92.

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.