Corebridge Financial Inc. Sells 16,110 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Corebridge Financial Inc. has reduced its holdings in PayPal by 4.9%, selling 16,110 shares and ending with a total of 312,996 shares valued at approximately $20.4 million at the end of the first quarter.
• A number of institutional investors have increased their stakes in PayPal, with Brooks Moore & Associates Inc. raising their position by 22.6% and Freedom Investment Management Inc. growing theirs by an impressive 217.0% during the same period.
• Analyst ratings for PayPal reveal mixed sentiments, with a consensus target price of $85.00, and varying ratings that include 17 Buy, 14 Hold, and 2 Sell designations.

Corebridge Financial Inc. trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 312,996 shares of the credit services provider's stock after selling 16,110 shares during the quarter. Corebridge Financial Inc.'s holdings in PayPal were worth $20,423,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PYPL. Brooks Moore & Associates Inc. raised its position in shares of PayPal by 22.6% in the 1st quarter. Brooks Moore & Associates Inc. now owns 25,875 shares of the credit services provider's stock worth $1,688,000 after purchasing an additional 4,770 shares during the last quarter. CSM Advisors LLC lifted its stake in shares of PayPal by 12.1% in the first quarter. CSM Advisors LLC now owns 240,981 shares of the credit services provider's stock worth $15,719,000 after buying an additional 25,951 shares in the last quarter. Freedom Investment Management Inc. lifted its stake in shares of PayPal by 217.0% in the first quarter. Freedom Investment Management Inc. now owns 13,274 shares of the credit services provider's stock worth $866,000 after buying an additional 9,086 shares in the last quarter. RPg Family Wealth Advisory LLC grew its holdings in shares of PayPal by 8.0% during the first quarter. RPg Family Wealth Advisory LLC now owns 37,551 shares of the credit services provider's stock valued at $2,450,000 after buying an additional 2,774 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of PayPal during the first quarter valued at approximately $3,653,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial started coverage on PayPal in a research report on Monday, June 2nd. They issued a "sell" rating and a $68.00 price objective on the stock. JMP Securities dropped their price objective on PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 30th. Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada restated an "outperform" rating and set a $88.00 target price on shares of PayPal in a research note on Thursday, June 26th. Finally, Seaport Res Ptn raised shares of PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. Seventeen research 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. According to data from MarketBeat, PayPal currently has an average rating of "Hold" and a consensus target price of $85.00.

PayPal Trading Down 0.6%

Shares of NASDAQ:PYPL opened at $69.48 on Tuesday. The stock's 50-day simple moving average is $72.01 and its two-hundred day simple moving average is $70.14. The stock has a market capitalization of $66.38 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 1.08 and a beta of 1.42. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $8.29 billion for the quarter, compared to analysts' expectations 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 prior 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. Analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling at PayPal

In other news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the transaction, the director owned 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the sale, the executive vice president owned 16,989 shares of the company's stock, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,898 shares of company stock worth $1,909,636. 0.08% of the stock is owned by insiders.

About PayPal

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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