Kingswood Wealth Advisors LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 65.2% during the second quarter, HoldingsChannel.com reports. The firm owned 4,132 shares of the credit services provider’s stock after selling 7,729 shares during the period. Kingswood Wealth Advisors LLC’s holdings in PayPal were worth $307,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in shares of PayPal by 15.8% in the 1st 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 in the last quarter. Kathmere Capital Management LLC bought a new stake in shares of PayPal in the 2nd quarter valued at $325,000. Allianz SE increased its position in shares of PayPal by 281.8% in the 1st 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 in the last quarter. Nuveen LLC bought a new stake in shares of PayPal in the 1st quarter valued at $529,264,000. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of PayPal in the 2nd quarter valued at $3,513,000. 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 firm’s 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 transaction, the executive vice president owned 16,989 shares in the company, valued at $1,174,279.68. This trade represents a 18.43% decrease in their position. The sale was disclosed in a legal 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 15,102 shares of company stock worth $1,046,607 in the last quarter. Corporate insiders own 0.08% of the company’s stock.
PayPal Price Performance
PayPal (NASDAQ:PYPL – Get Free Report) 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 company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same quarter 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, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have issued reports on PYPL. Deutsche Bank Aktiengesellschaft set a $75.00 price target on PayPal in a research note on Tuesday, July 29th. JMP Securities dropped their price target on PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of PayPal in a research note on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $88.00 price target on shares of PayPal in a research note on Thursday, June 26th. Finally, Morgan Stanley reissued a “positive” rating on shares of PayPal in a research note on Wednesday, July 30th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.66.
Check Out Our Latest Stock Analysis on PYPL
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.
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