Shell Asset Management Co. Has $6.29 Million Position in PayPal Holdings, Inc. $PYPL

Shell Asset Management Co. lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 84,662 shares of the credit services provider’s stock after purchasing an additional 9,285 shares during the period. Shell Asset Management Co.’s holdings in PayPal were worth $6,292,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new position in PayPal in the first quarter worth approximately $529,264,000. Goldman Sachs Group Inc. raised its stake in PayPal by 44.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider’s stock valued at $558,499,000 after acquiring an additional 2,638,815 shares during the period. Assenagon Asset Management S.A. grew its position in shares of PayPal by 124.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider’s stock valued at $228,206,000 after purchasing an additional 1,936,520 shares in the last quarter. Deutsche Bank AG increased its holdings in PayPal by 19.1% during the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider’s stock worth $733,294,000 after acquiring an additional 1,798,330 shares during the period. Finally, Invesco Ltd. boosted its position in shares of PayPal by 14.9% during the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock valued at $620,924,000 after acquiring an additional 1,232,155 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 2.9%

Shares of PYPL opened at $71.29 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $68.11 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The business’s 50 day simple moving average is $68.54 and its 200-day simple moving average is $69.31.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same period last year, the company posted $1.19 EPS. PayPal has set its Q3 2025 guidance at 1.180-1.220 EPS. FY 2025 guidance at 5.150-5.300 EPS. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, EVP Diego Scotti sold 3,838 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the sale, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total transaction of $288,801.18. Following the sale, the insider directly owned 48,483 shares of the company’s stock, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on PYPL. Canaccord Genuity Group reissued a “buy” rating and issued a $96.00 target price on shares of PayPal in a research note on Wednesday, July 30th. 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. Citigroup reissued a “buy” rating on shares of PayPal in a report on Tuesday, July 29th. Macquarie reiterated an “outperform” rating and issued a $95.00 price target on shares of PayPal in a research report on Wednesday, July 30th. Finally, Seaport Res Ptn raised PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. Seventeen investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, PayPal presently has a consensus rating of “Hold” and an average target price of $84.50.

PayPal 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.