26,852 Shares in PayPal Holdings, Inc. $PYPL Acquired by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 26,852 shares of the credit services provider’s stock, valued at approximately $1,159,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after purchasing an additional 5,534,462 shares in the last quarter. Rule One Partners LLC acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $2,043,000. Swiss National Bank boosted its holdings in shares of PayPal by 4.9% during the first quarter. Swiss National Bank now owns 2,608,600 shares of the credit services provider’s stock worth $117,987,000 after acquiring an additional 121,400 shares during the period. Easterly Investment Partners LLC increased its position in PayPal by 705.2% during the fourth quarter. Easterly Investment Partners LLC now owns 100,651 shares of the credit services provider’s stock worth $5,876,000 after acquiring an additional 88,151 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of PayPal by 76.0% during the 1st quarter. International Assets Investment Management LLC now owns 54,458 shares of the credit services provider’s stock worth $2,430,000 after purchasing an additional 23,516 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Quarterly beat and higher guidance: PayPal reported $8.68 billion in revenue and $1.38 in non-GAAP EPS, exceeding analyst expectations. The company also raised its 2026 outlook, supporting the view that its checkout, Venmo and Braintree initiatives are gaining traction. PayPal acquisition interest article
• Positive Sentiment: Acquisition interest highlights valuation: Reports that Stripe has made a buyout proposal have reinforced arguments that PayPal is undervalued. Commentary suggests PayPal’s response and recent performance imply that any offer near $60 per share may not adequately reflect the company’s earnings potential. PayPal to Stripe: The Offer Is Too Low
• Positive Sentiment: Analyst support: Cantor Fitzgerald raised its PayPal price target to $60, while a related report cited an analyst upgrade. The target provides modest upside from recent trading levels and may help investor sentiment. Cantor Fitzgerald raises PayPal price target
• Positive Sentiment: Stablecoin opportunity: PayPal’s stablecoin activities position it to participate in expanding digital-payment and blockchain transaction volumes, although the financial contribution remains uncertain. Stablecoin market article
• Neutral Sentiment: New business-unit targets: PayPal plans to establish revenue targets for its three core units for the first time. The move could improve transparency and accountability, but investors will look for the specific targets and evidence of execution. PayPal sets revenue targets
• Negative Sentiment: Industry margin risks: Rising technology costs and pressure on consumer spending could offset cross-border-payment growth and strategic expansion, creating concerns about future margins across the payments sector. Financial transaction stocks in focus
• Negative Sentiment: Insider selling: PayPal’s chief accounting officer sold 38% of his directly held shares. While the sale does not necessarily indicate deteriorating fundamentals, it can weigh on sentiment after the stock’s recent rebound. PayPal insider share sale

Insider Buying and Selling at PayPal

In related news, insider Suzan Kereere sold 3,379 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total value of $144,587.41. Following the transaction, the insider owned 30,983 shares of the company’s stock, valued at $1,325,762.57. This represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total value of $77,679.70. Following the completion of the sale, the chief accounting officer owned 2,216 shares of the company’s stock, valued at $128,749.60. This represents a 37.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,612 shares of company stock valued at $484,534 in the last quarter. 0.63% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PYPL has been the subject of several research reports. Piper Sandler dropped their price objective on shares of PayPal from $46.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Bank of America decreased their price target on PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Truist Financial set a $59.00 target price on PayPal in a research report on Wednesday. Argus set a $70.00 target price on shares of PayPal in a research report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods raised their price target on shares of PayPal from $55.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, PayPal currently has an average rating of “Hold” and an average price target of $55.72.

PayPal Stock Performance

PYPL opened at $57.93 on Thursday. The company’s 50 day moving average is $47.88 and its 200 day moving average is $47.05. The company has a market cap of $49.56 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.43 and a beta of 1.30. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.21. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. The company had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.36 EPS for the current year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. PayPal’s payout ratio is presently 10.59%.

About PayPal

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.