Parsons Capital Management Inc. RI Has $437,000 Stock Position in PayPal Holdings, Inc. $PYPL

Parsons Capital Management Inc. RI lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 71.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,882 shares of the credit services provider’s stock after selling 14,762 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in PayPal were worth $437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Evermay Wealth Management LLC grew its position in PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after buying an additional 363 shares in the last quarter. Garde Capital Inc. acquired a new stake in shares of PayPal during the 1st quarter worth approximately $28,000. Tsfg LLC increased its position in shares of PayPal by 81.6% during the first quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Gordian Capital Singapore Pte Ltd raised its stake in shares of PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. Finally, Crewe Advisors LLC lifted its position in PayPal by 1,461.8% in the first quarter. Crewe Advisors LLC now owns 531 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 497 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PayPal news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value of $265,282.56. Following the transaction, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The disclosure for this sale can be found here. In 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 corporate insiders.

PayPal Stock Up 0.5%

Shares of NASDAQ PYPL opened at $69.25 on Friday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The firm’s 50-day simple moving average is $68.68 and its 200 day simple moving average is $69.31. 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 company has a market cap of $66.16 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced 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. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same period 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. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the topic of several analyst reports. Barclays reissued an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. Morgan Stanley reissued a “positive” rating on shares of PayPal in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PayPal in a report on Saturday, September 27th. Wall Street Zen cut PayPal from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Canaccord Genuity Group restated a “buy” rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, July 30th. Seventeen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $84.50.

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.