DekaBank Deutsche Girozentrale lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 561,798 shares of the credit services provider’s stock after selling 5,698 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.06% of PayPal worth $41,719,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PYPL. Stephens Inc. AR boosted its stake in shares of PayPal by 3.4% in the 2nd quarter. Stephens Inc. AR now owns 36,134 shares of the credit services provider’s stock valued at $2,685,000 after purchasing an additional 1,174 shares in the last quarter. LMG Wealth Partners LLC grew its holdings in shares of PayPal by 7.6% during the second quarter. LMG Wealth Partners LLC now owns 21,356 shares of the credit services provider’s stock worth $1,587,000 after purchasing an additional 1,501 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of PayPal by 23.7% in the second quarter. Chicago Partners Investment Group LLC now owns 7,958 shares of the credit services provider’s stock valued at $610,000 after buying an additional 1,524 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in PayPal during the 2nd quarter worth about $25,276,000. Finally, United Bank grew its holdings in PayPal by 40.1% during the 2nd quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after acquiring an additional 4,974 shares during the last quarter. 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 on 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 directly owned 48,483 shares of the company’s stock, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Chris Natali sold 7,102 shares of PayPal stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,102 shares of company stock valued at $1,046,607. Company insiders own 0.08% of the company’s stock.
PayPal Price Performance
PayPal (NASDAQ:PYPL – Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same quarter in the previous year, the firm 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. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Barclays restated an “overweight” rating on shares of PayPal in a research report on Tuesday, July 29th. JMP Securities cut their price target on PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 30th. Piper Sandler set a $74.00 target price on shares of PayPal in a report on Tuesday, July 29th. Citigroup restated a “buy” rating on shares of PayPal in a research report on Tuesday, July 29th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of PayPal in a research note on Tuesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $83.44.
Check Out Our Latest Report on PYPL
PayPal 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.
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