Alliancebernstein L.P. Buys 26,905 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• AllianceBernstein L.P. increased its stake in PayPal Holdings, Inc. by 1.9%, acquiring an additional 26,905 shares to own approximately 1,413,476 shares valued at $92.2 million.
• PayPal reported $1.40 EPS for the last quarter, surpassing analysts' expectations of $1.30, with a revenue of $8.29 billion compared to the estimate of $8.08 billion.
• The stock currently holds an average target price of $85.00 with a consensus rating of "Hold" from analysts, reflecting mixed outlooks on PayPal's performance.

Alliancebernstein L.P. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,413,476 shares of the credit services provider's stock after buying an additional 26,905 shares during the quarter. Alliancebernstein L.P. owned 0.15% of PayPal worth $92,229,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal during the 4th quarter worth $25,000. Evermay Wealth Management LLC increased its stake in shares of PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after purchasing an additional 363 shares in the last quarter. Garde Capital Inc. bought a new position in PayPal in the 1st quarter worth $28,000. Tsfg LLC raised its holdings in PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after purchasing an additional 200 shares during the period. Finally, Gordian Capital Singapore Pte Ltd lifted its position in PayPal by 41.2% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value of $265,282.56. Following the sale, the executive vice president owned 16,989 shares of the company's stock, valued at $1,174,279.68. The trade was a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were 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. This represents a 7.91% decrease in their ownership of the stock. 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. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PYPL. Royal Bank Of Canada restated an "outperform" rating and issued a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. BMO Capital Markets reissued a "market perform" rating on shares of PayPal in a report on Tuesday, July 29th. Canaccord Genuity Group restated a "buy" rating and set a $96.00 target price on shares of PayPal in a research note on Wednesday, July 30th. JMP Securities dropped their price target on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research report on Wednesday, July 30th. Finally, Barclays restated an "overweight" rating on shares of PayPal in a research report on Tuesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, PayPal presently has a consensus rating of "Hold" and an average price target of $85.00.

PayPal Price Performance

NASDAQ PYPL traded down $0.20 on Friday, reaching $68.26. The company had a trading volume of 7,781,299 shares, compared to its average volume of 8,879,010. The stock has a market capitalization of $65.21 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. 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 firm's 50 day moving average price is $71.66 and its 200 day moving average price is $69.70.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data 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. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same quarter in the prior year, the firm 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, equities analysts predict 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.