Assenagon Asset Management S.A. Sells 60,071 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Assenagon Asset Management S.A. reduced its stake in PayPal Holdings, Inc. by 1.7%, owning approximately 3.44 million shares valued at $255.5 million after selling 60,071 shares in the second quarter.
• In contrast, other institutional investors like AQR Capital Management LLC and Allianz SE increased their stakes in PayPal by 15.8% and 281.8% respectively, indicating a mixed sentiment among investors.
• PayPal recently reported earnings of $1.40 per share, surpassing analysts' expectations, with a projected earnings guidance of $5.150-$5.300 for fiscal year 2025.

Assenagon Asset Management S.A. decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,437,344 shares of the credit services provider's stock after selling 60,071 shares during the quarter. Assenagon Asset Management S.A. owned 0.35% of PayPal worth $255,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of PYPL. Evermay Wealth Management LLC boosted its holdings in 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 acquiring an additional 363 shares during the period. Garde Capital Inc. acquired a new position in PayPal during the 1st quarter valued at about $28,000. Tsfg LLC increased its position in 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 buying an additional 200 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings in shares of PayPal by 41.2% in 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 during the period. Finally, Bernard Wealth Management Corp. acquired a new position in shares of PayPal in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Buying and Selling at PayPal

In related news, CAO Chris Natali sold 7,102 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diego Scotti sold 3,838 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.12, for a total transaction 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. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock valued at $1,046,607 in the last three months. 0.08% of the stock is currently owned by company insiders.

PayPal Stock Up 0.6%

NASDAQ PYPL traded up $0.41 on Tuesday, hitting $68.09. 3,484,150 shares of the stock traded hands, compared to its average volume of 11,076,395. The stock has a 50-day moving average of $70.01 and a 200 day moving average of $69.36. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a market capitalization of $65.05 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 1.05 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.

PayPal (NASDAQ:PYPL - Get Free Report) last posted 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 analyst estimates 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 company earned $1.19 earnings per share. 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, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on PYPL shares. Royal Bank Of Canada restated an "outperform" rating and issued a $88.00 target price on shares of PayPal in a research note on Thursday, June 26th. Piper Sandler set a $74.00 price objective on PayPal in a research report on Tuesday, July 29th. Seaport Res Ptn upgraded PayPal from a "strong sell" rating to a "hold" rating in a research report on Monday, July 14th. JMP Securities lowered their price target on PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a report on Wednesday, July 30th. Finally, Citigroup reiterated a "buy" rating on shares of PayPal in a report on Tuesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $84.50.

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.