9,001 Shares in PayPal Holdings, Inc. $PYPL Acquired by Harrell Investment Partners LLC

Key Points

• Harrell Investment Partners LLC acquired 9,001 shares of PayPal Holdings, Inc., valued at approximately $669,000, marking a new position for the firm in the company's stock.
• Several other institutional investors, including AQR Capital Management LLC and Allianz SE, have significantly increased their stakes in PayPal during the first quarter.
• PayPal's stock has a current market cap of $64.83 billion and has been given an average rating of "Hold" by analysts, with a target price averaging $84.50.

Harrell Investment Partners LLC bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,001 shares of the credit services provider's stock, valued at approximately $669,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in PayPal by 15.8% during the 1st quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider's stock worth $224,001,000 after purchasing an additional 476,763 shares in the last quarter. Allianz SE increased its position in PayPal by 281.8% during the 1st quarter. Allianz SE now owns 30,338 shares of the credit services provider's stock worth $1,980,000 after purchasing an additional 22,392 shares in the last quarter. Nuveen LLC acquired a new stake in PayPal during the 1st quarter worth approximately $529,264,000. Kingstone Capital Partners Texas LLC acquired a new stake in PayPal during the 2nd quarter worth approximately $3,513,000. Finally, Clearline Capital LP increased its position in PayPal by 179.8% during the 1st quarter. Clearline Capital LP now owns 300,340 shares of the credit services provider's stock worth $19,597,000 after purchasing an additional 193,000 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Insider Activity

In other news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the transaction, the executive vice president owned 16,989 shares of the company's stock, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. 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. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Seaport Res Ptn raised shares of PayPal from a "strong sell" rating to a "hold" rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a research report on Tuesday, July 29th. Morgan Stanley reaffirmed a "positive" rating on shares of PayPal in a research report on Wednesday, July 30th. Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Truist Financial assumed coverage on shares of PayPal in a research report on Monday, June 2nd. They issued a "sell" rating and a $68.00 price objective for the company. Seventeen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $84.50.

PayPal Stock Performance

PayPal stock opened at $67.86 on Thursday. The stock has a market cap of $64.83 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.43. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $69.79 and a 200-day moving average of $69.33. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS 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 period in the prior 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. On average, analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.

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