DAVENPORT & Co LLC Has $978,000 Stock Holdings in PayPal Holdings, Inc. $PYPL

DAVENPORT & Co LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.1% in the second quarter, HoldingsChannel reports. The firm owned 13,156 shares of the credit services provider’s stock after purchasing an additional 1,311 shares during the period. DAVENPORT & Co LLC’s holdings in PayPal were worth $978,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd raised its holdings in shares of PayPal by 41.2% during 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 during the period. GSB Wealth Management LLC increased its position in PayPal by 1.7% in the 2nd quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock valued at $606,000 after buying an additional 140 shares in the last quarter. CreativeOne Wealth LLC grew its stake in PayPal by 1.5% in the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock valued at $613,000 after acquiring an additional 142 shares during the period. Pitti Group Wealth Management LLC grew its stake in PayPal by 1.5% in the second quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider’s stock valued at $761,000 after acquiring an additional 147 shares during the period. Finally, MONECO Advisors LLC lifted its holdings in shares of PayPal by 0.8% in the 1st quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider’s stock worth $1,334,000 after purchasing an additional 154 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent research reports. Morgan Stanley reiterated a “positive” rating on shares of PayPal in a report on Wednesday, July 30th. JMP Securities decreased their target price on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 30th. Wall Street Zen downgraded PayPal from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Seaport Res Ptn upgraded PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $88.00 target price on shares of PayPal in a report on Thursday, June 26th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $84.66.

Insider Activity

In other news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the transaction, the insider owned 48,483 shares in the company, valued at $3,364,235.37. This trade represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Chris Natali sold 7,102 shares of PayPal stock in a transaction dated 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 have sold 15,102 shares of company stock valued at $1,046,607 in the last 90 days. Insiders own 0.08% of the company’s stock.

PayPal Stock Performance

Shares of PYPL opened at $69.90 on Friday. The company has a market capitalization of $66.78 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.17 and a beta of 1.44. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $68.92 and a 200 day moving average of $69.42. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month 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 for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate 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 firm 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.

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.