PayPal Holdings, Inc. $PYPL Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 389,585 shares of the credit services provider’s stock after selling 85,043 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in PayPal were worth $28,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new position in PayPal in the first quarter valued at approximately $529,264,000. Goldman Sachs Group Inc. boosted its holdings in shares of 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 buying an additional 2,638,815 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of PayPal by 124.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider’s stock valued at $228,206,000 after buying an additional 1,936,520 shares during the last quarter. Deutsche Bank AG raised its stake 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 worth $733,294,000 after acquiring an additional 1,798,330 shares in the last quarter. Finally, Invesco Ltd. lifted its position in PayPal by 14.9% in the first 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 during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, July 30th. JMP Securities cut their price target on PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 30th. Barclays reissued an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating on shares of PayPal in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $88.00 price target on shares of PayPal in a research note on Thursday, June 26th. 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $84.50.

Insider Activity

In other PayPal news, EVP Diego Scotti sold 3,838 shares of the firm’s 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 completion of the sale, the executive vice president owned 16,989 shares of the company’s stock, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $492,523.70. The disclosure for this sale can be found here. Insiders sold 15,102 shares of company stock valued at $1,046,607 in the last three months. 0.08% of the stock is currently owned by company insiders.

PayPal Stock Up 0.5%

PYPL stock opened at $69.25 on Friday. The stock has a market capitalization of $66.16 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.06 and a beta of 1.44. The company has a fifty day moving average of $68.68 and a 200-day moving average of $69.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly 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. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same period in the previous year, the business 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, analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.