Caisse DE Depot ET Placement DU Quebec Sells 239,880 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in PayPal Holdings, Inc. by 29.1%, selling 239,880 shares and owning 0.06% of the company valued at approximately $38.2 million after the sale.
• PayPal's recent quarterly earnings exceeded expectations, with $1.40 earnings per share compared to an estimated $1.30, alongside a revenue of $8.29 billion that also surpassed analyst forecasts.
• Despite mixed ratings from analysts, PayPal currently has a consensus rating of "Hold" with an average price target of $85.00, with various firms providing differing target prices ranging from $68.00 to $96.00.

Caisse DE Depot ET Placement DU Quebec reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 29.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 585,340 shares of the credit services provider's stock after selling 239,880 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.06% of PayPal worth $38,193,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in PayPal during the fourth quarter worth about $25,000. Bernard Wealth Management Corp. purchased a new position in PayPal during the fourth quarter worth about $34,000. Pinney & Scofield Inc. purchased a new position in PayPal during the fourth quarter worth about $35,000. Evermay Wealth Management LLC boosted its holdings 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 last quarter. Finally, Garde Capital Inc. purchased a new position in PayPal during the first quarter worth about $28,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ PYPL opened at $70.18 on Wednesday. The company's 50 day moving average is $72.00 and its 200-day moving average is $70.14. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month 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. The firm has a market cap of $67.05 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 1.07 and a beta of 1.42.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Macquarie reiterated an "outperform" rating and issued a $95.00 target price on shares of PayPal in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of PayPal in a research note on Tuesday, July 29th. UBS Group dropped their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 target price on shares of PayPal in a research note on Wednesday, July 30th. Finally, Truist Financial assumed coverage on shares of PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 target price on the stock. Seventeen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, PayPal presently has a consensus rating of "Hold" and an average price target of $85.00.

Insider Activity

In related news, EVP Diego Scotti sold 3,838 shares of the company's stock in a transaction that occurred on 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 approximately $1,174,279.68. This represents a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was 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. Over the last quarter, insiders sold 26,898 shares of company stock worth $1,909,636. Insiders own 0.08% of the company's stock.

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.

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