Meitav Investment House Ltd. Purchases New Holdings in PayPal Holdings, Inc. $PYPL

Meitav Investment House Ltd. purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,706 shares of the credit services provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of PayPal by 0.3% during the first quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider’s stock worth $5,625,976,000 after buying an additional 276,339 shares during the period. Deutsche Bank AG boosted its stake 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 worth $733,294,000 after purchasing an additional 1,798,330 shares during the last quarter. Invesco Ltd. increased its holdings in shares of PayPal by 14.9% in the first 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 last quarter. Goldman Sachs Group Inc. grew its stake in shares of 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 buying an additional 2,638,815 shares during the period. Finally, Nuveen LLC purchased a new stake in PayPal in the 1st quarter valued at about $529,264,000. 68.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on PYPL. Royal Bank Of Canada reissued an “outperform” rating and issued a $88.00 target price on shares of PayPal in a report on Thursday, June 26th. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Monday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a research report on Saturday, September 27th. Piper Sandler set a $74.00 price objective on PayPal in a research note on Tuesday, July 29th. Finally, Macquarie reiterated an “outperform” rating and issued a $95.00 target price on shares of PayPal in a research note on Wednesday, July 30th. Seventeen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.50.

Insider Activity at PayPal

In other PayPal news, EVP Diego Scotti sold 3,838 shares of the firm’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 transaction, the executive vice president directly owned 16,989 shares in the company, valued at $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction, the insider owned 48,483 shares in the company, 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. Over the last quarter, insiders have sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is currently owned by corporate insiders.

PayPal Trading Up 4.7%

Shares of NASDAQ:PYPL opened at $74.61 on Wednesday. The company’s 50-day moving average price is $68.60 and its 200 day moving average price is $69.35. 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 company has a market cap of $71.28 billion, a PE ratio of 15.94, a P/E/G ratio of 1.10 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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 business had revenue of $8.29 billion during 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 firm posted $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. Sell-side analysts anticipate 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.