Ethic Inc. Increases Stock Position in PayPal Holdings, Inc. $PYPL

Ethic Inc. raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 90,381 shares of the credit services provider’s stock after purchasing an additional 2,904 shares during the period. Ethic Inc.’s holdings in PayPal were worth $6,656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in PayPal by 15.8% during the first quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider’s stock valued at $224,001,000 after buying an additional 476,763 shares during the period. Thompson Investment Management Inc. lifted its position in PayPal by 2.8% during the second quarter. Thompson Investment Management Inc. now owns 154,991 shares of the credit services provider’s stock valued at $11,519,000 after buying an additional 4,165 shares during the period. Kathmere Capital Management LLC purchased a new position in PayPal during the second quarter valued at $325,000. Allianz SE lifted its position in PayPal by 281.8% during the first quarter. Allianz SE now owns 30,338 shares of the credit services provider’s stock valued at $1,980,000 after buying an additional 22,392 shares during the period. Finally, Nuveen LLC purchased a new position in PayPal during the first quarter valued at $529,264,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling

In related news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the sale, the insider owned 48,483 shares of the company’s stock, valued at $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on PYPL. Morgan Stanley reissued a “positive” rating on shares of PayPal in a research report on Wednesday, July 30th. Sanford C. Bernstein reduced their price target on PayPal from $85.00 to $76.00 in a report on Tuesday. JMP Securities reduced their price target on PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a report on Wednesday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a report on Wednesday, October 8th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $96.00 price target on shares of PayPal in a report on Wednesday, July 30th. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $82.57.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $68.07 on Thursday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The business has a fifty day moving average price of $68.92 and a 200-day moving average price of $69.59. The company has a market capitalization of $65.03 billion, a PE ratio of 14.54, a PEG ratio of 1.08 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same period last year, the company 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, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.