Banque Pictet & Cie SA Sells 22,315 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Banque Pictet & Cie SA reduced its stake in PayPal by 13.3%, selling 22,315 shares, leaving it with 146,023 shares valued at over $10.8 million.
• PayPal's recent quarterly earnings surpassed estimates, reporting $1.40 EPS on revenues of $8.29 billion, with future earnings guidance set between 1.180-1.220 EPS for Q3 2025.
• Analysts remain cautiously optimistic about PayPal, with a consensus rating of "Hold" and an average target price of $84.50 per share.

Banque Pictet & Cie SA trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 146,023 shares of the credit services provider's stock after selling 22,315 shares during the quarter. Banque Pictet & Cie SA's holdings in PayPal were worth $10,852,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Nuveen LLC bought a new stake in PayPal during the 1st quarter valued at about $529,264,000. Goldman Sachs Group Inc. increased its position in shares of PayPal by 44.6% during the first quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock worth $558,499,000 after acquiring an additional 2,638,815 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of PayPal by 124.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock valued at $228,206,000 after acquiring an additional 1,936,520 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of PayPal by 19.1% in the first quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock valued at $733,294,000 after purchasing an additional 1,798,330 shares during the period. Finally, Invesco Ltd. grew its stake in PayPal by 14.9% in the first quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider's stock worth $620,924,000 after purchasing an additional 1,232,155 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PYPL shares. Seaport Res Ptn raised PayPal from a "strong sell" rating to a "hold" rating in a research report on Monday, July 14th. Citigroup restated a "buy" rating on shares of PayPal in a report on Tuesday, July 29th. JMP Securities lowered their price objective on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research note on Wednesday, July 30th. Canaccord Genuity Group reissued a "buy" rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, July 30th. Finally, Barclays restated an "overweight" rating on shares of PayPal in a report on Tuesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, PayPal currently has a consensus rating of "Hold" and an average target price of $84.50.

PayPal Stock Down 1.7%

NASDAQ:PYPL opened at $66.74 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The stock has a market capitalization of $63.76 billion, a P/E ratio of 14.26, a P/E/G ratio of 1.05 and a beta of 1.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The company's 50-day simple moving average is $69.65 and its 200-day simple moving average is $69.32.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same quarter 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. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In other PayPal news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value of $265,282.56. Following the completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the sale, the insider directly owned 48,483 shares of the company's stock, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,102 shares of company stock worth $1,046,607. Insiders own 0.08% of the company's stock.

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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