Meitav Investment House Ltd. Takes $201,000 Position in PayPal Holdings, Inc. $PYPL

Meitav Investment House Ltd. bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,706 shares of the credit services provider’s stock, valued at approximately $201,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Roberts Wealth Advisors LLC increased its holdings in shares of PayPal by 1.2% during the 2nd quarter. Roberts Wealth Advisors LLC now owns 48,447 shares of the credit services provider’s stock worth $3,601,000 after acquiring an additional 574 shares during the last quarter. Litman Gregory Wealth Management LLC increased its holdings in shares of PayPal by 0.3% in the second quarter. Litman Gregory Wealth Management LLC now owns 189,081 shares of the credit services provider’s stock valued at $14,052,000 after purchasing an additional 641 shares during the last quarter. Iowa State Bank raised its position in shares of PayPal by 1.1% in the second quarter. Iowa State Bank now owns 32,004 shares of the credit services provider’s stock valued at $2,379,000 after purchasing an additional 340 shares during the period. Cullinan Associates Inc. lifted its stake in shares of PayPal by 13.6% during the 2nd quarter. Cullinan Associates Inc. now owns 25,815 shares of the credit services provider’s stock worth $1,919,000 after buying an additional 3,100 shares during the last quarter. Finally, Petros Family Wealth LLC boosted its holdings in shares of PayPal by 8.5% during the 2nd quarter. Petros Family Wealth LLC now owns 5,115 shares of the credit services provider’s stock worth $380,000 after buying an additional 399 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling

In other PayPal news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total transaction of $265,282.56. Following the sale, the executive vice president owned 16,989 shares in the company, valued at $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total transaction of $492,523.70. The disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock worth $1,046,607 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

PYPL has been the subject of several research reports. Wall Street Zen cut PayPal from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup reiterated a “buy” rating on shares of PayPal in a research report on Tuesday, July 29th. Morgan Stanley reissued a “positive” rating on shares of PayPal in a research report on Wednesday, July 30th. Barclays restated an “overweight” rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, Piper Sandler set a $74.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $84.50.

PayPal Stock Up 4.7%

Shares of NASDAQ PYPL opened at $74.61 on Wednesday. The company’s 50 day moving average price is $68.60 and its 200-day moving average price is $69.35. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company has a market capitalization of $71.28 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping the consensus estimate 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 return on equity of 25.35% and a net margin of 14.49%.During the same quarter last year, the firm posted $1.19 earnings per share. PayPal has set its Q3 2025 guidance at 1.180-1.220 EPS. FY 2025 guidance at 5.150-5.300 EPS. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

About PayPal

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.