PayPal Holdings, Inc. $PYPL Shares Bought by Clark Capital Management Group Inc.

Key Points

• Clark Capital Management Group Inc. increased its stake in PayPal Holdings by 45.0%, owning approximately $52.9 million worth of shares after purchasing an additional 251,346 shares.
• Multiple institutional investors, including Goldman Sachs and Nuveen LLC, also made significant adjustments to their PayPal holdings, contributing to the institutional ownership of 68.32% of the company.
• PayPal reported earnings of $1.40 per share, exceeding analyst estimates, alongside a revenue of $8.29 billion for the last quarter.

Clark Capital Management Group Inc. increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 45.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 810,036 shares of the credit services provider's stock after acquiring an additional 251,346 shares during the period. Clark Capital Management Group Inc. owned about 0.08% of PayPal worth $52,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PYPL. Alliancebernstein L.P. increased its holdings in shares of PayPal by 1.9% during the 1st quarter. Alliancebernstein L.P. now owns 1,413,476 shares of the credit services provider's stock valued at $92,229,000 after purchasing an additional 26,905 shares in the last quarter. Belmont Capital LLC acquired a new stake in PayPal during the first quarter valued at $261,000. Banque Transatlantique SA grew its position in PayPal by 370.5% during the first quarter. Banque Transatlantique SA now owns 9,970 shares of the credit services provider's stock valued at $601,000 after buying an additional 7,851 shares during the period. AQR Capital Management LLC increased its holdings in PayPal by 15.8% in the first quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider's stock valued at $224,001,000 after buying an additional 476,763 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its position in shares of PayPal by 131.7% in the first quarter. Federation des caisses Desjardins du Quebec now owns 246,817 shares of the credit services provider's stock worth $16,113,000 after acquiring an additional 140,283 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

NASDAQ PYPL traded down $0.20 during trading hours on Friday, hitting $68.26. 7,781,299 shares of the company's stock traded hands, compared to its average volume of 8,973,464. The company has a market capitalization of $65.21 billion, a PE ratio of 14.59, a PEG ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The firm's 50-day moving average is $71.66 and its 200-day moving average is $69.76.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. The business 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 firm 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. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PYPL. Canaccord Genuity Group restated a "buy" rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, July 30th. Barclays reissued an "overweight" rating on shares of PayPal in a report on Tuesday, July 29th. Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Citigroup reissued a "buy" rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, BMO Capital Markets restated a "market perform" rating on shares of PayPal in a research report on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, PayPal presently has a consensus rating of "Hold" and a consensus target price of $85.00.

Insiders Place Their Bets

In other news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total transaction of $288,801.18. Following the transaction, the insider owned 48,483 shares of the company's stock, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their position. 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 firm's stock in a transaction dated Thursday, July 31st. The stock was 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. 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 90 days, insiders have sold 15,102 shares of company stock valued at $1,046,607. 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.