Lee Danner & Bass Inc. Cuts Position in PayPal Holdings, Inc. $PYPL

Lee Danner & Bass Inc. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,031 shares of the credit services provider’s stock after selling 2,736 shares during the period. Lee Danner & Bass Inc.’s holdings in PayPal were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PYPL. Nuveen LLC acquired a new stake in PayPal during the 1st quarter valued at approximately $529,264,000. Goldman Sachs Group Inc. raised its stake in shares of 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 worth $558,499,000 after buying an additional 2,638,815 shares in the last quarter. Deutsche Bank AG raised its stake in shares of PayPal by 19.1% in the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider’s stock worth $733,294,000 after buying an additional 1,798,330 shares in the last quarter. Invesco Ltd. raised its stake in shares of PayPal by 14.9% in the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock worth $620,924,000 after buying an additional 1,232,155 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in shares of PayPal by 301.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,156,955 shares of the credit services provider’s stock worth $75,491,000 after buying an additional 868,953 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,838 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value of $265,282.56. Following the transaction, the executive vice president owned 16,989 shares in the company, valued at $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 SEC, which is available through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the transaction, the insider owned 48,483 shares in the company, valued at $3,364,235.37. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,102 shares of company stock worth $1,046,607 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PYPL. Canaccord Genuity Group reissued a “buy” rating and issued a $96.00 price objective on shares of PayPal in a research note on Wednesday, July 30th. BMO Capital Markets reissued a “market perform” rating on shares of PayPal in a research note on Tuesday, July 29th. Rothschild & Co Redburn boosted their price objective on PayPal from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Barclays reissued an “overweight” rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, Morgan Stanley restated a “positive” rating on shares of PayPal in a report on Wednesday, July 30th. Fifteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $82.46.

PayPal Stock Performance

Shares of PYPL stock opened at $69.77 on Friday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $66.66 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 1.08 and a beta of 1.44. The stock’s fifty day simple moving average is $68.94 and its 200-day simple moving average is $69.75.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same quarter 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. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.