Cullinan Associates Inc. Increases Stock Position in PayPal Holdings, Inc. $PYPL

Cullinan Associates Inc. grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 25,815 shares of the credit services provider’s stock after buying an additional 3,100 shares during the period. Cullinan Associates Inc.’s holdings in PayPal were worth $1,919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PYPL. Evermay Wealth Management LLC raised its holdings in shares of PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after buying an additional 363 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of PayPal in the second quarter valued at about $27,000. Garde Capital Inc. purchased a new stake in shares of PayPal in the first quarter valued at about $28,000. Tsfg LLC raised its holdings in shares of PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd raised its holdings 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 buying an additional 138 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JMP Securities cut their price target on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a report on Wednesday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $88.00 price target on shares of PayPal in a report on Thursday, June 26th. Macquarie reissued an “outperform” rating and set a $95.00 price target on shares of PayPal in a report on Wednesday, July 30th. Wall Street Zen cut shares of PayPal from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Rothschild & Co Redburn increased their price target on shares of PayPal from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Seventeen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $84.50.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the transaction, the executive vice president owned 16,989 shares in the company, valued at $1,174,279.68. This trade represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Chris Natali sold 7,102 shares of PayPal stock in a transaction 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. Insiders have sold a total of 15,102 shares of company stock worth $1,046,607 in the last quarter. 0.08% of the stock is owned by insiders.

PayPal Stock Up 0.5%

Shares of NASDAQ PYPL opened at $69.25 on Monday. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm’s 50 day moving average price is $68.68 and its 200 day moving average price is $69.30. The firm has a market cap of $66.16 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 1.07 and a beta of 1.44. 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 (NASDAQ:PYPL) last announced 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 net margin of 14.49% and a return on equity of 25.35%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same quarter last year, the business earned $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, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.