Parsons Capital Management Inc. RI Has $437,000 Stock Position in PayPal Holdings, Inc. $PYPL

Parsons Capital Management Inc. RI reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 71.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,882 shares of the credit services provider’s stock after selling 14,762 shares during the period. Parsons Capital Management Inc. RI’s holdings in PayPal were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of PayPal by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider’s stock valued at $5,625,976,000 after acquiring an additional 276,339 shares during the last quarter. Deutsche Bank AG increased its stake in PayPal by 19.1% in the first quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider’s stock valued at $733,294,000 after purchasing an additional 1,798,330 shares in the last quarter. Invesco Ltd. raised its holdings in PayPal by 14.9% in the first quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock worth $620,924,000 after purchasing an additional 1,232,155 shares during the period. Goldman Sachs Group Inc. raised its holdings in PayPal by 44.6% in 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 purchasing an additional 2,638,815 shares during the period. Finally, Nuveen LLC bought a new position in shares of PayPal during the first quarter worth $529,264,000. Institutional investors own 68.32% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction, the executive vice president directly owned 16,989 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the 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 disclosure for this sale can be found here. Insiders have sold 15,102 shares of company stock valued at $1,046,607 in the last 90 days. 0.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on PYPL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PayPal in a research note on Saturday, September 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. Morgan Stanley reiterated a “positive” rating on shares of PayPal in a research report on Wednesday, July 30th. Citigroup reissued a “buy” rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $95.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Seventeen investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $84.50.

PayPal Stock Up 0.5%

Shares of PYPL stock opened at $69.25 on Friday. The firm’s fifty day moving average price is $68.68 and its two-hundred day moving average price is $69.31. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm has a market capitalization of $66.16 billion, a P/E ratio of 14.80, a PEG ratio of 1.06 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted 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 company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same period in the prior year, the business 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. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Company 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.