Citizens & Northern Corp raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 35.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,812 shares of the credit services provider’s stock after purchasing an additional 5,725 shares during the period. Citizens & Northern Corp’s holdings in PayPal were worth $1,621,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd increased its position in shares of PayPal by 41.2% during the 1st 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 during the last quarter. GSB Wealth Management LLC increased its holdings in PayPal by 1.7% during the second quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock worth $606,000 after buying an additional 140 shares during the last quarter. CreativeOne Wealth LLC raised its position in PayPal by 1.5% in the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock worth $613,000 after acquiring an additional 142 shares during the period. Pitti Group Wealth Management LLC boosted its stake in PayPal by 1.5% in the second quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider’s stock valued at $761,000 after acquiring an additional 147 shares during the last quarter. Finally, MONECO Advisors LLC increased its stake in shares of PayPal by 0.8% during the 1st quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider’s stock worth $1,334,000 after purchasing an additional 154 shares during the last quarter. 68.32% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have weighed in on PYPL shares. BMO Capital Markets reissued a “market perform” rating on shares of PayPal in a report on Tuesday, July 29th. Canaccord Genuity Group restated a “buy” rating and issued a $96.00 target price on shares of PayPal in a research note on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of PayPal in a research report on Wednesday, October 8th. Citigroup reissued a “buy” rating on shares of PayPal in a report on Tuesday, July 29th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of PayPal in a research note on Wednesday, July 30th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of “Hold” and a consensus price target of $83.44.
Insider Activity at PayPal
In other PayPal news, EVP Diego Scotti sold 3,838 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value of $265,282.56. Following the completion of the sale, the executive vice president 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 in the company, valued at $3,364,235.37. This represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,102 shares of company stock worth $1,046,607 in the last ninety days. 0.08% of the stock is owned by company insiders.
PayPal Trading Up 1.2%
Shares of PYPL opened at $70.05 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a market capitalization of $66.92 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.07 and a beta of 1.44. The firm’s 50 day simple moving average is $68.98 and its 200 day simple moving average is $69.60.
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 for the quarter, topping analysts’ consensus estimates 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 period in the previous 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. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share 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.
Featured Articles
- Five stocks we like better than PayPal
- Why is the Ex-Dividend Date Significant to Investors?
- Beware The Death Cross: 3 Stocks Triggering This Spooky Signal
- Breakout Stocks: What They Are and How to Identify Them
- 2 Ways to Trade Qualcomm Ahead of November’s Earnings
- What is Put Option Volume?
- Lululemon: 2 Signs the Bottom Is In, and 1 Sign It Isn’t
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.