Stratos Wealth Partners LTD. trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,616 shares of the credit services provider’s stock after selling 1,832 shares during the period. Stratos Wealth Partners LTD.’s holdings in PayPal were worth $2,127,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Nuveen LLC acquired a new stake in PayPal during the first quarter worth about $529,264,000. Goldman Sachs Group Inc. grew its holdings in PayPal by 44.6% during the first quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider’s stock worth $558,499,000 after acquiring an additional 2,638,815 shares during the period. Deutsche Bank AG grew its holdings in PayPal by 19.1% during the first 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. Invesco Ltd. grew its holdings in PayPal by 14.9% during the first quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock worth $620,924,000 after acquiring an additional 1,232,155 shares during the period. Finally, Jupiter Asset Management Ltd. grew its holdings in PayPal by 301.7% during the first quarter. Jupiter Asset Management Ltd. now owns 1,156,955 shares of the credit services provider’s stock worth $75,491,000 after acquiring an additional 868,953 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently commented on PYPL shares. The Goldman Sachs Group set a $70.00 target price on PayPal and gave the stock a “sell” rating in a report on Monday, October 13th. Barclays reissued an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. JMP Securities dropped their price objective on PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 30th. Morgan Stanley reissued a “positive” rating on shares of PayPal in a report on Wednesday, July 30th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $96.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Hold” and an average target price of $83.44.
PayPal Stock Performance
Shares of NASDAQ:PYPL opened at $67.41 on Monday. 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 business’s 50 day moving average price is $68.89 and its 200-day moving average price is $69.52. The firm has a market capitalization of $64.40 billion, a PE ratio of 14.40, a P/E/G ratio of 1.04 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.
PayPal (NASDAQ:PYPL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same period in the previous year, the company 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, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
Insider Transactions at PayPal
In other PayPal news, EVP Diego Scotti sold 3,838 shares of the business’s 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 transaction, the executive vice president 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Chris Natali sold 7,102 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The disclosure for this sale can be found here. Insiders have sold 15,102 shares of company stock valued at $1,046,607 over the last ninety days. Insiders own 0.08% of the company’s stock.
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.
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