PayPal Holdings, Inc. $PYPL Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,466,154 shares of the credit services provider’s stock after selling 178,995 shares during the period. Envestnet Asset Management Inc. owned about 0.15% of PayPal worth $108,965,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. 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. Hilltop National Bank acquired a new position in shares of PayPal during the 2nd quarter worth approximately $27,000. Gordian Capital Singapore Pte Ltd lifted its stake in PayPal by 41.2% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after buying an additional 138 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in PayPal by 41.7% during the 1st quarter. Cornerstone Planning Group LLC now owns 666 shares of the credit services provider’s stock valued at $42,000 after buying an additional 196 shares during the last quarter. Finally, American National Bank & Trust increased its position in PayPal by 52.5% during the second quarter. American National Bank & Trust now owns 610 shares of the credit services provider’s stock worth $45,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PYPL. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on PayPal in a research note on Tuesday, July 29th. Truist Financial set a $65.00 price target on shares of PayPal in a research note on Friday. Piper Sandler set a $74.00 price objective on shares of PayPal in a research report on Tuesday, July 29th. Morgan Stanley reissued a “positive” rating on shares of PayPal in a research note on Wednesday, July 30th. Finally, Citigroup raised shares of PayPal to a “hold” rating in a research note on Thursday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, PayPal has an average rating of “Hold” and an average target price of $82.57.

Insider Transactions at PayPal

In other PayPal news, CAO Chris Natali sold 7,102 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Diego Scotti sold 3,838 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the sale, the executive vice president owned 16,989 shares of the company’s stock, valued at $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 15,102 shares of company stock valued at $1,046,607. Corporate insiders own 0.08% of the company’s stock.

PayPal Price Performance

PYPL opened at $73.02 on Wednesday. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company’s 50 day simple moving average is $69.03 and its 200 day simple moving average is $70.01. The stock has a market capitalization of $69.76 billion, a PE ratio of 15.60, a P/E/G ratio of 1.09 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.14. The firm had revenue of $8.42 billion during the quarter, compared to the consensus estimate of $8.21 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS. FY 2025 guidance at 5.350-5.390 EPS. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.