Ardmore Road Asset Management LP Acquires 70,000 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Ardmore Road Asset Management LP increased its stake in PayPal by 30.4%, acquiring an additional 70,000 shares, bringing its total to 300,000 shares valued at approximately $19.57 million.
• Several institutional investors have also adjusted their holdings in PayPal, with Evermay Wealth Management LLC increasing its position by a notable 726%.
• Analysts have generally rated PayPal stock positively, with a consensus target price of $85.00, including ratings of "buy" and "outperform" from multiple firms.

Ardmore Road Asset Management LP grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 30.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 300,000 shares of the credit services provider's stock after purchasing an additional 70,000 shares during the quarter. PayPal comprises about 1.9% of Ardmore Road Asset Management LP's investment portfolio, making the stock its 22nd biggest position. Ardmore Road Asset Management LP's holdings in PayPal were worth $19,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PYPL. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal during the 4th quarter valued at $25,000. Evermay Wealth Management LLC raised its holdings in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Garde Capital Inc. bought a new position in shares of PayPal during the 1st quarter valued at $28,000. Tsfg LLC raised its holdings in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in shares of PayPal by 41.2% during the 1st 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. Institutional investors own 68.32% of the company's stock.

Insider Activity at PayPal

In other news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The disclosure for this sale can be found here. Insiders have sold 26,898 shares of company stock valued at $1,909,636 in the last 90 days. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent analyst reports. Piper Sandler set a $74.00 price objective on shares of PayPal in a report on Tuesday, July 29th. Macquarie reaffirmed an "outperform" rating and set a $95.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Citigroup reaffirmed a "buy" rating on shares of PayPal in a report on Tuesday, July 29th. Barclays reaffirmed an "overweight" rating on shares of PayPal in a report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a report on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $85.00.

PayPal Price Performance

NASDAQ:PYPL opened at $70.19 on Friday. The stock has a market cap of $67.06 billion, a P/E ratio of 15.00, a PEG ratio of 1.08 and a beta of 1.42. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a fifty day moving average price of $72.06 and a 200 day moving average price of $70.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

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 firm had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same period in the prior 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. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

About PayPal

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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