Waldron Private Wealth LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 2,854 shares of the credit services provider’s stock, valued at approximately $212,000.
Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of PayPal by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider’s stock worth $5,625,976,000 after acquiring an additional 276,339 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of PayPal by 19.1% during the 1st 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 in the last quarter. Invesco Ltd. boosted its stake in shares of PayPal by 14.9% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of PayPal by 44.6% during 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 acquiring an additional 2,638,815 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of PayPal during the 1st quarter worth $529,264,000. 68.32% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, CAO Chris Natali sold 7,102 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total transaction of $492,523.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,102 shares of company stock worth $1,046,607. Corporate insiders own 0.08% of the company’s stock.
PayPal Price Performance
PayPal (NASDAQ:PYPL – Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same period last year, the company earned $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, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Wells Fargo & Company upgraded PayPal to a “hold” rating in a report on Wednesday, October 22nd. Truist Financial set a $65.00 target price on PayPal in a report on Friday. Seaport Res Ptn upgraded PayPal from a “strong sell” rating to a “hold” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group set a $70.00 target price on PayPal and gave the company a “sell” rating in a report on Monday, October 13th. Fifteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Hold” and an average price target of $82.46.
Read Our Latest Research Report on PYPL
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.
Further Reading
- Five stocks we like better than PayPal
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- PulteGroup Is Down But Not Out—Here’s What Wall Street Missed
- Should You Invest in Penny Stocks?
- Cleveland-Cliffs Breaks to New Highs on Earnings, More Upside?
- What is the MACD Indicator and How to Use it in Your Trading
- Is Landstar the Next Big Winner in Transportation Stocks?
Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report).
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.
