Ingalls & Snyder LLC Has $6.37 Million Stake in PayPal Holdings, Inc. $PYPL

Ingalls & Snyder LLC decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 85,750 shares of the credit services provider’s stock after selling 23,426 shares during the period. Ingalls & Snyder LLC’s holdings in PayPal were worth $6,373,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PYPL. Nuveen LLC acquired a new stake in shares of PayPal during the 1st quarter worth approximately $529,264,000. Goldman Sachs Group Inc. grew its position in PayPal by 44.6% in 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 purchasing an additional 2,638,815 shares during the period. Deutsche Bank AG grew its position in PayPal by 19.1% in 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 purchasing an additional 1,798,330 shares during the period. Invesco Ltd. grew its position in PayPal by 14.9% in the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock valued at $620,924,000 after purchasing an additional 1,232,155 shares during the period. Finally, Jupiter Asset Management Ltd. grew its position in PayPal by 301.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,156,955 shares of the credit services provider’s stock valued at $75,491,000 after purchasing an additional 868,953 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity

In other news, EVP Diego Scotti sold 3,838 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.12, for a total transaction of $265,282.56. Following the sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Suzan Kereere sold 4,162 shares of the company’s 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 sale, the insider 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 disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock worth $1,046,607 over the last ninety days. Company insiders own 0.08% of the company’s stock.

PayPal Trading Up 0.2%

NASDAQ PYPL opened at $69.77 on Friday. The stock has a market capitalization of $66.66 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.08 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. 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 business’s fifty day moving average is $68.94 and its 200-day moving average is $69.83.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.08 billion. During the same period in the previous year, the business posted $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. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Piper Sandler set a $74.00 price target on shares of PayPal in a research report on Tuesday, July 29th. The Goldman Sachs Group set a $70.00 price target on shares of PayPal and gave the company a “sell” rating in a research report on Monday, October 13th. Morgan Stanley reissued a “positive” rating on shares of PayPal in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of PayPal from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, Truist Financial set a $65.00 price target on shares of PayPal in a research report on Friday. Fifteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $82.46.

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.