PayPal Holdings, Inc. $PYPL Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,031 shares of the credit services provider’s stock after selling 2,736 shares during the quarter. Lee Danner & Bass Inc.’s holdings in PayPal were worth $523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PYPL. Nuveen LLC acquired a new stake in shares of PayPal during the 1st quarter worth about $529,264,000. Goldman Sachs Group Inc. boosted its holdings in PayPal by 44.6% during 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 acquiring an additional 2,638,815 shares during the period. Deutsche Bank AG boosted its holdings 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 valued at $733,294,000 after acquiring an additional 1,798,330 shares during the period. Invesco Ltd. boosted its holdings in PayPal by 14.9% during the 1st 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 period. Finally, Jupiter Asset Management Ltd. lifted its holdings in PayPal by 301.7% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,156,955 shares of the credit services provider’s stock worth $75,491,000 after buying an additional 868,953 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PYPL shares. Macquarie reiterated an “outperform” rating and issued a $95.00 price objective on shares of PayPal in a research note on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of PayPal in a research note on Wednesday, October 8th. Wall Street Zen cut PayPal from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Wells Fargo & Company upgraded PayPal to a “hold” rating in a research note on Wednesday. Finally, JMP Securities decreased their target price on PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 30th. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, PayPal presently has a consensus rating of “Hold” and a consensus target price of $82.46.

PayPal Trading Up 0.2%

Shares of PYPL stock opened at $69.77 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $66.66 billion, a PE ratio of 14.91, a P/E/G ratio of 1.08 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The business’s fifty day moving average price is $68.94 and its 200 day moving average price is $69.75.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same quarter in the prior year, the company 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 forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction dated Thursday, July 31st. The stock was 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. Insiders have sold a total of 15,102 shares of company stock valued at $1,046,607 over the last quarter. Insiders own 0.08% of the company’s stock.

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.