Sumitomo Mitsui Trust Group Inc. Boosts Holdings in PayPal Holdings, Inc. $PYPL

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,245,932 shares of the credit services provider’s stock after acquiring an additional 111,858 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in PayPal were worth $241,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PYPL. Brighton Jones LLC grew its holdings in shares of PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after buying an additional 924 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of PayPal during the fourth quarter worth about $248,000. Golden State Wealth Management LLC grew its holdings in shares of PayPal by 299.0% during the first quarter. Golden State Wealth Management LLC now owns 3,575 shares of the credit services provider’s stock worth $233,000 after buying an additional 2,679 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of PayPal by 5.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 27,314 shares of the credit services provider’s stock worth $1,782,000 after buying an additional 1,379 shares in the last quarter. Finally, Sabal Trust CO grew its holdings in shares of PayPal by 27.9% during the first quarter. Sabal Trust CO now owns 10,136 shares of the credit services provider’s stock worth $661,000 after buying an additional 2,211 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PYPL. Truist Financial set a $65.00 price target on shares of PayPal in a report on Friday. Macquarie restated an “outperform” rating and issued a $95.00 target price on shares of PayPal in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of PayPal in a report on Tuesday, July 29th. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Monday, July 14th. Finally, Wells Fargo & Company upgraded shares of PayPal to a “hold” rating in a report on Wednesday. Fifteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $82.46.

PayPal Trading Up 0.2%

Shares of PYPL stock opened at $69.77 on Friday. The firm’s 50 day moving average price is $68.94 and its two-hundred day moving average price is $69.75. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock has a market cap of $66.66 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS 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 business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.08 billion. During the same period in the previous year, the company 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. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Transactions at PayPal

In related news, CAO Chris Natali sold 7,102 shares of the company’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diego Scotti sold 3,838 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were 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 $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.

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.