Clearline Capital LP Buys 193,000 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Clearline Capital LP increased its stake in PayPal Holdings, Inc. by 179.8%, acquiring an additional 193,000 shares and making PayPal its 14th largest position.
• Several institutional investors have also enhanced their holdings in PayPal, with notable increases from Allianz SE at 281.8% and AQR Capital Management LLC at 15.8%.
• Recently, equities analysts have issued mixed ratings for PayPal, with an average rating of "Hold" and a consensus price target of $85.00 while JMP Securities decreased its price target to $100.00.

Clearline Capital LP increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 179.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300,340 shares of the credit services provider's stock after buying an additional 193,000 shares during the period. PayPal accounts for 1.2% of Clearline Capital LP's portfolio, making the stock its 14th largest position. Clearline Capital LP's holdings in PayPal were worth $19,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC grew its position in shares of PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after buying an additional 924 shares during the period. Revolve Wealth Partners LLC purchased a new stake in PayPal in the fourth quarter worth about $248,000. Triumph Capital Management increased its stake in shares of PayPal by 12.7% during the fourth quarter. Triumph Capital Management now owns 10,595 shares of the credit services provider's stock valued at $904,000 after purchasing an additional 1,195 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of PayPal by 41.4% during the fourth quarter. CoreCap Advisors LLC now owns 6,327 shares of the credit services provider's stock valued at $540,000 after purchasing an additional 1,853 shares in the last quarter. Finally, First Manhattan CO. LLC. lifted its holdings in shares of PayPal by 5.0% during the fourth quarter. First Manhattan CO. LLC. now owns 40,710 shares of the credit services provider's stock valued at $3,475,000 after purchasing an additional 1,943 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

PayPal stock traded down $2.04 during midday trading on Wednesday, reaching $65.64. 14,338,532 shares of the company traded hands, compared to its average volume of 11,034,798. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The business has a 50 day moving average of $71.39 and a two-hundred day moving average of $69.58. The firm has a market capitalization of $62.71 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. The business 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 period in the previous year, the business earned $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. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 16,989 shares in the company, valued at $1,174,279.68. This represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Natali sold 7,102 shares of the firm'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 90 days, insiders have sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PYPL shares. Truist Financial started coverage on PayPal in a research report on Monday, June 2nd. They set a "sell" rating and a $68.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a research note on Tuesday, July 29th. BMO Capital Markets restated a "market perform" rating on shares of PayPal in a report on Tuesday, July 29th. Citigroup reiterated a "buy" rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $88.00 price objective on shares of PayPal in a research note on Thursday, June 26th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $85.00.

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.