Barton Investment Management cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 1.2% in the second quarter, Holdings Channel.com reports. The firm owned 131,264 shares of the credit services provider’s stock after selling 1,550 shares during the period. PayPal makes up approximately 1.0% of Barton Investment Management’s holdings, making the stock its 14th largest holding. Barton Investment Management’s holdings in PayPal were worth $9,756,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in PayPal by 0.3% in 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 purchasing an additional 276,339 shares during the period. Deutsche Bank AG boosted its holdings in PayPal by 19.1% in 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 purchasing an additional 1,798,330 shares during the period. Invesco Ltd. boosted its holdings in PayPal by 14.9% in the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock valued at $620,924,000 after purchasing an additional 1,232,155 shares during the period. Goldman Sachs Group Inc. boosted its holdings in PayPal by 44.6% in 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 purchasing an additional 2,638,815 shares during the period. Finally, Nuveen LLC bought a new stake in PayPal in the 1st quarter valued at $529,264,000. 68.32% of the stock is owned by institutional investors.
Insider Buying and Selling at PayPal
In other PayPal news, CAO Chris Natali sold 7,102 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the sale, the insider owned 48,483 shares of the company’s stock, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is currently owned by corporate insiders.
PayPal Trading Up 3.4%
PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The firm had revenue of $8.29 billion during 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 last year, the company posted $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, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
Analysts Set New Price Targets
PYPL has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. Barclays restated an “overweight” rating on shares of PayPal in a research note on Tuesday, July 29th. Piper Sandler set a $74.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Hold” and a consensus target price of $84.50.
View Our Latest Research Report on PayPal
PayPal Company 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.
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