Principle Wealth Partners LLC Acquires 6,900 Shares of PayPal Holdings, Inc. $PYPL

Principle Wealth Partners LLC increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 89.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 14,575 shares of the credit services provider’s stock after purchasing an additional 6,900 shares during the period. Principle Wealth Partners LLC’s holdings in PayPal were worth $1,083,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in PayPal by 0.3% during the first quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider’s stock worth $5,625,976,000 after purchasing an additional 276,339 shares during the period. Deutsche Bank AG lifted its position in PayPal by 19.1% during the first 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 during the last quarter. Invesco Ltd. lifted its position in PayPal by 14.9% during the first 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 during the last quarter. Goldman Sachs Group Inc. lifted its position in PayPal by 44.6% during the first 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 during the last quarter. Finally, Nuveen LLC acquired a new stake in PayPal during the first quarter worth approximately $529,264,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 2.3%

Shares of PYPL opened at $69.66 on Friday. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a market cap of $66.55 billion, a P/E ratio of 14.88, a P/E/G ratio of 1.05 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a 50 day simple moving average of $68.93 and a two-hundred day simple moving average of $69.66.

PayPal (NASDAQ:PYPL) last posted its earnings results 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. The firm had revenue of $8.29 billion for the quarter, compared to analysts’ expectations 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. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 4,162 shares of the business’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 sale, the insider owned 48,483 shares of the company’s stock, valued at $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,174,279.68. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research reports. KeyCorp restated a “hold” rating on shares of PayPal in a research report on Wednesday. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research report on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a research report on Wednesday, October 8th. Canaccord Genuity Group restated a “buy” rating and set a $96.00 price objective on shares of PayPal in a research report on Wednesday, July 30th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of PayPal in a research report on Tuesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, PayPal has a consensus rating of “Hold” and a consensus target price of $82.57.

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.