Atlas Brown Inc. increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,807 shares of the credit services provider’s stock after purchasing an additional 380 shares during the quarter. Atlas Brown Inc.’s holdings in PayPal were worth $655,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in PayPal by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider’s stock valued at $5,625,976,000 after acquiring an additional 276,339 shares in the last quarter. Deutsche Bank AG boosted its position in PayPal by 19.1% during the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider’s stock valued at $733,294,000 after acquiring an additional 1,798,330 shares in the last quarter. Invesco Ltd. boosted its position in PayPal by 14.9% during the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock valued at $620,924,000 after acquiring an additional 1,232,155 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in PayPal by 44.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider’s stock valued at $558,499,000 after acquiring an additional 2,638,815 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of PayPal during the 1st quarter valued at $529,264,000. Institutional investors own 68.32% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on PYPL shares. Barclays reiterated an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. Morgan Stanley reiterated a “positive” rating on shares of PayPal in a report on Wednesday, July 30th. BMO Capital Markets restated a “market perform” rating on shares of PayPal in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a research report on Tuesday, July 29th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $96.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Seventeen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of “Hold” and a consensus price target of $85.00.
Insider Buying and Selling at PayPal
In other news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred 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 directly owned 48,483 shares in the company, valued at $3,364,235.37. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,102 shares of company stock valued at $1,046,607. Corporate insiders own 0.08% of the company’s stock.
PayPal Stock Down 0.6%
PayPal stock opened at $66.89 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $70.81 and its 200-day simple moving average is $69.42. The firm has a market capitalization of $63.91 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.03 and a beta of 1.43. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66.
PayPal (NASDAQ:PYPL – Get Free Report) last issued 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 firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. 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. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.
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