Ariose Capital Management Ltd Purchases Shares of 43,202 PayPal Holdings, Inc. $PYPL

Key Points

• Ariose Capital Management Ltd has purchased 43,202 shares of PayPal Holdings, Inc. (NASDAQ:PYPL), valued at approximately $3.2 million, making it 2.0% of their portfolio.
• Several hedge funds significantly increased their stakes in PayPal, with one firm growing its position by 726% in the first quarter of 2023.
• PayPal reported earnings of $1.40 per share for the last quarter, exceeding analysts' expectations, with a revenue of $8.29 billion.

Ariose Capital Management Ltd purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 43,202 shares of the credit services provider's stock, valued at approximately $3,211,000. PayPal accounts for 2.0% of Ariose Capital Management Ltd's portfolio, making the stock its 14th largest holding.

Several other hedge funds have also recently made changes to their positions in PYPL. Evermay Wealth Management LLC grew its stake in PayPal by 726.0% during the first 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 during the period. Garde Capital Inc. acquired a new position in shares of PayPal during the 1st quarter valued at $28,000. Tsfg LLC lifted its position 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 acquiring an additional 200 shares during the period. Gordian Capital Singapore Pte Ltd boosted its stake 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 worth $31,000 after acquiring an additional 138 shares in the last quarter. Finally, Crewe Advisors LLC grew its holdings in PayPal by 1,461.8% in the first quarter. Crewe Advisors LLC now owns 531 shares of the credit services provider's stock worth $35,000 after purchasing an additional 497 shares during the period. 68.32% of the stock is owned by institutional investors.

Insider Buying and Selling

In other PayPal news, CAO Chris Natali sold 7,102 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diego Scotti sold 3,838 shares of the company's stock in a transaction 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 directly owned 16,989 shares in the company, valued at $1,174,279.68. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PYPL. Morgan Stanley reiterated a "positive" rating on shares of PayPal in a report on Wednesday, July 30th. Rothschild & Co Redburn upped their target price on PayPal from $66.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 16th. BMO Capital Markets restated a "market perform" rating on shares of PayPal in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Finally, Truist Financial began coverage on shares of PayPal in a research report on Monday, June 2nd. They set a "sell" rating and a $68.00 target price for the company. Seventeen investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, PayPal presently has a consensus rating of "Hold" and an average target price of $84.50.

PayPal Stock Up 0.8%

PYPL stock opened at $67.30 on Friday. The stock has a market cap of $64.30 billion, a P/E ratio of 14.38, a P/E/G 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's fifty day simple moving average is $69.51 and its two-hundred day simple moving average is $69.32. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year 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, topping analysts' consensus estimates of $1.30 by $0.10. The company had revenue of $8.29 billion for 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 previous 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. Analysts expect that PayPal Holdings, Inc. will post 5.03 EPS 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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