Matrix Asset Advisors Inc. NY Boosts Holdings in PayPal Holdings, Inc. $PYPL

Matrix Asset Advisors Inc. NY grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 242,629 shares of the credit services provider’s stock after acquiring an additional 17,348 shares during the quarter. PayPal accounts for approximately 1.8% of Matrix Asset Advisors Inc. NY’s holdings, making the stock its 22nd biggest holding. Matrix Asset Advisors Inc. NY’s holdings in PayPal were worth $18,032,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Evermay Wealth Management LLC raised its stake in shares of PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 363 shares in the last quarter. Hilltop National Bank bought a new position in shares of PayPal in the second quarter worth approximately $27,000. Garde Capital Inc. bought a new position in shares of PayPal in the first quarter worth approximately $28,000. Tsfg LLC grew its holdings in shares of PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its holdings in shares of PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 138 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Chris Natali sold 7,102 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction on 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 owned 48,483 shares in the company, valued at approximately $3,364,235.37. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,102 shares of company stock worth $1,046,607. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PYPL shares. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Monday, July 14th. Rothschild & Co Redburn raised their target price on shares of PayPal from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, September 16th. BMO Capital Markets restated a “market perform” rating on shares of PayPal in a report on Tuesday, July 29th. Citigroup restated a “buy” rating on shares of PayPal in a report on Tuesday, July 29th. Finally, Barclays restated an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $84.66.

PayPal Stock Performance

NASDAQ:PYPL opened at $69.90 on Friday. The stock has a market cap of $66.78 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. The firm’s fifty day simple moving average is $68.92 and its 200 day simple moving average is $69.42. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The business had revenue of $8.29 billion for 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 quarter in the previous year, the business 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. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS 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.