Belpointe Asset Management LLC Trims Stake in PayPal Holdings, Inc. $PYPL

Key Points

• Belpointe Asset Management LLC has reduced its stake in PayPal Holdings, Inc. by 18.7%, selling 6,073 shares and now owning 26,482 shares, valued at approximately $1.73 million.
• Various institutional investors have made significant moves in PayPal, including Evermay Wealth Management LLC, which increased its position by 726%, now holding 413 shares.
• Analyst ratings show a mixed sentiment on PayPal with a consensus rating of "Hold" and a median price target of $85.00, indicating a cautious outlook on the stock's performance.

Belpointe Asset Management LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 18.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,482 shares of the credit services provider's stock after selling 6,073 shares during the period. Belpointe Asset Management LLC's holdings in PayPal were worth $1,729,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Integrity Alliance LLC. acquired a new stake in PayPal during the first quarter worth approximately $1,704,000. Glenview Trust co grew its stake in PayPal by 16.3% in the first quarter. Glenview Trust co now owns 202,409 shares of the credit services provider's stock valued at $13,207,000 after acquiring an additional 28,432 shares during the period. Security National Bank of Sioux City Iowa IA increased its holdings in shares of PayPal by 10.6% during the first quarter. Security National Bank of Sioux City Iowa IA now owns 19,602 shares of the credit services provider's stock valued at $1,279,000 after acquiring an additional 1,883 shares in the last quarter. Bayforest Capital Ltd increased its holdings in shares of PayPal by 194.3% during the first quarter. Bayforest Capital Ltd now owns 4,823 shares of the credit services provider's stock valued at $315,000 after acquiring an additional 3,184 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of PayPal by 2.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,848,019 shares of the credit services provider's stock valued at $512,083,000 after acquiring an additional 213,355 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Canaccord Genuity Group restated a "buy" rating and set a $96.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Macquarie restated an "outperform" rating and set a $95.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Royal Bank Of Canada restated an "outperform" rating and set a $88.00 price objective on shares of PayPal in a report on Thursday, June 26th. Finally, BMO Capital Markets restated a "market perform" rating on shares of PayPal in a report on Tuesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, PayPal currently has a consensus rating of "Hold" and a consensus target price of $85.00.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the sale, the insider directly owned 48,483 shares in the company, valued at approximately $3,364,235.37. This trade represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diego Scotti sold 3,838 shares of the business'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 completion of the sale, the executive vice president owned 16,989 shares in the company, valued at approximately $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is owned by company insiders.

PayPal Stock Performance

PayPal stock traded down $0.38 during mid-day trading on Friday, reaching $66.89. 7,495,242 shares of the company's stock were exchanged, compared to its average volume of 8,845,094. The business's fifty day simple moving average is $70.81 and its 200 day simple moving average is $69.45. The firm has a market capitalization of $63.91 billion, a PE ratio of 14.29, a P/E/G ratio of 1.04 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $55.85 and a one year 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.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly 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 business had revenue of $8.29 billion for 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 last year, the company posted $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. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Company 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.