Byrne Asset Management LLC Buys 838 Shares of PayPal Holdings, Inc. $PYPL

Byrne Asset Management LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 15,230 shares of the credit services provider’s stock after acquiring an additional 838 shares during the period. Byrne Asset Management LLC’s holdings in PayPal were worth $1,132,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Beacon Financial Group bought a new stake in PayPal during the 2nd quarter worth about $225,000. Czech National Bank grew its holdings in PayPal by 4.6% during the 2nd quarter. Czech National Bank now owns 237,721 shares of the credit services provider’s stock worth $17,667,000 after acquiring an additional 10,508 shares during the last quarter. First Financial Corp IN grew its holdings in PayPal by 13.5% during the 2nd quarter. First Financial Corp IN now owns 13,839 shares of the credit services provider’s stock worth $1,029,000 after acquiring an additional 1,643 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in PayPal by 2.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 98,386 shares of the credit services provider’s stock worth $7,312,000 after acquiring an additional 1,974 shares during the last quarter. Finally, Chemistry Wealth Management LLC grew its holdings in PayPal by 16.9% during the 2nd quarter. Chemistry Wealth Management LLC now owns 4,223 shares of the credit services provider’s stock worth $314,000 after acquiring an additional 611 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $67.11 on Tuesday. The company has a market capitalization of $64.12 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 1.03 and a beta of 1.43. The firm’s 50 day simple moving average is $70.62 and its 200 day simple moving average is $69.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.08 billion. During the same period in the prior year, the business earned $1.19 EPS. 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, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,174,279.68. This represents a 18.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 of the company’s stock, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on PYPL shares. Morgan Stanley restated a “positive” rating on shares of PayPal in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of PayPal in a research report on Tuesday, July 29th. Citigroup restated a “buy” rating on shares of PayPal in a research report on Tuesday, July 29th. Finally, JMP Securities cut their target price on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 30th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $85.00.

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.