Huntington National Bank Has $9.13 Million Stake in PayPal Holdings, Inc. $PYPL

by · The Markets Daily

Huntington National Bank decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 9.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 122,881 shares of the credit services provider’s stock after selling 13,291 shares during the period. Huntington National Bank’s holdings in PayPal were worth $9,133,000 as of its most recent SEC filing.

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 first quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider’s stock valued at $224,001,000 after acquiring an additional 476,763 shares during the last quarter. Thompson Investment Management Inc. lifted 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 acquiring an additional 4,165 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in PayPal in the second quarter valued at $325,000. Allianz SE lifted its stake in 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 acquiring an additional 22,392 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in PayPal in the first quarter valued at $529,264,000. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on PYPL shares. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. Rothschild & Co Redburn increased their price objective on shares of PayPal from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Morgan Stanley reissued a “negative” rating on shares of PayPal in a research report 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. Finally, Citigroup raised shares of PayPal to a “hold” rating in a research report on Thursday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.03.

Check Out Our Latest Stock Analysis on PayPal

PayPal Price Performance

NASDAQ:PYPL opened at $66.08 on Wednesday. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The firm has a market cap of $61.83 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 1.01 and a beta of 1.45. The firm’s 50-day simple moving average is $68.96 and its 200 day simple moving average is $70.30. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.34.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings results 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. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The business had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.21 billion. During the same period last year, the firm earned $1.20 earnings per share. PayPal’s revenue for the quarter 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. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Announces Dividend

The company also recently announced 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. This represents a $0.56 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 19th.

Insider Activity

In other news, insider Suzan Kereere sold 12,500 shares of PayPal stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.87, for a total value of $860,875.00. Following the transaction, the insider owned 30,983 shares in the company, valued at approximately $2,133,799.21. This trade represents a 28.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Chris Natali sold 1,374 shares of PayPal stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $69.13, for a total value of $94,984.62. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 26,874 shares of company stock worth $1,856,968. Insiders own 0.08% of the company’s stock.

PayPal Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).