Front Street Capital Management Inc. raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 76.5% during the 1st quarter, Holdings Channel reports. The firm owned 14,921 shares of the credit services provider’s stock after purchasing an additional 6,465 shares during the quarter. Front Street Capital Management Inc.’s holdings in PayPal were worth $996,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of PYPL. Mpwm Advisory Solutions LLC purchased a new stake in shares of PayPal in the fourth quarter valued at about $25,000. Evermay Wealth Management LLC lifted its holdings in shares of PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Garde Capital Inc. purchased a new stake in shares of PayPal in the first quarter valued at about $28,000. Tsfg LLC lifted 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 valued at $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd lifted 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 valued at $31,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.
Insider Buying and Selling
In related news, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 48,483 shares of the company’s stock, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the company’s stock in a transaction that occurred 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. Over the last quarter, insiders sold 15,102 shares of company stock valued at $1,046,607. Insiders own 0.08% of the company’s stock.
PayPal Stock Performance
PayPal (NASDAQ:PYPL – Get Free Report) last issued its quarterly 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. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same quarter in the prior 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. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
Analysts Set New Price Targets
Several brokerages have issued reports on PYPL. Barclays reaffirmed an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of PayPal in a report on Tuesday, July 29th. Piper Sandler set a $74.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Wall Street Zen raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, BMO Capital Markets reissued a “market perform” rating on shares of PayPal in a research note on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $85.00.
Check Out Our Latest Report on PYPL
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.
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