Bleakley Financial Group LLC Boosts Stake in PayPal Holdings, Inc. $PYPL

Bleakley Financial Group LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 22,957 shares of the credit services provider’s stock after acquiring an additional 3,582 shares during the period. Bleakley Financial Group LLC’s holdings in PayPal were worth $1,706,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principle Wealth Partners LLC lifted its stake in PayPal by 89.9% in the 2nd quarter. Principle Wealth Partners LLC now owns 14,575 shares of the credit services provider’s stock valued at $1,083,000 after buying an additional 6,900 shares in the last quarter. RNC Capital Management LLC acquired a new position in PayPal in the 2nd quarter valued at $836,000. Freedom Investment Management Inc. raised its holdings in PayPal by 8.5% in the 2nd quarter. Freedom Investment Management Inc. now owns 14,404 shares of the credit services provider’s stock valued at $1,071,000 after acquiring an additional 1,130 shares during the last quarter. Forum Financial Management LP raised its holdings in PayPal by 6.5% in the 2nd quarter. Forum Financial Management LP now owns 15,139 shares of the credit services provider’s stock valued at $1,125,000 after acquiring an additional 921 shares during the last quarter. Finally, Ethic Inc. raised its holdings in PayPal by 3.3% in the 2nd quarter. Ethic Inc. now owns 90,381 shares of the credit services provider’s stock valued at $6,656,000 after acquiring an additional 2,904 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Activity at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on 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 directly owned 48,483 shares in the company, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction on Thursday, July 31st. The shares were 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 three months, insiders sold 15,102 shares of company stock worth $1,046,607. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several analyst reports. JMP Securities cut 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 reiterated a “hold (c)” rating on shares of PayPal in a report on Wednesday, October 8th. Truist Financial set a $65.00 price target on PayPal in a report on Friday. Wall Street Zen downgraded PayPal from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Macquarie restated an “outperform” rating and set a $95.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $82.46.

PayPal Trading Up 0.2%

PYPL stock opened at $69.77 on Friday. The company has a market cap of $66.66 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.08 and a beta of 1.44. 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 business has a fifty day simple moving average of $68.94 and a 200-day simple moving average of $69.75. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the prior 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. On average, equities research 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.