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Easterly Investment Partners LLC Makes New Investment in PayPal Holdings, Inc. $PYPL

PayPal logo with Business Services background

Key Points

  • Easterly Investment Partners LLC acquired a new stake in PayPal Holdings, Inc., purchasing 12,500 shares valued at approximately $929,000 in the second quarter.
  • Institutional investors currently own 68.32% of PayPal's stock, reflecting increasing interest from various hedge funds in the company.
  • Wall Street analysts have mixed ratings on PayPal, with an average target price of $83.44 and notable ratings including a "buy" from Canaccord Genuity at a target of $96.00.
  • Five stocks we like better than PayPal.

Easterly Investment Partners LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,500 shares of the credit services provider's stock, valued at approximately $929,000.

Several other hedge funds also recently made changes to their positions in the business. Evermay Wealth Management LLC boosted its stake in shares of PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after buying an additional 363 shares during the period. Hilltop National Bank acquired a new position in PayPal in the 2nd quarter valued at $27,000. Garde Capital Inc. bought a new stake in shares of PayPal during the 1st quarter valued at $28,000. Tsfg LLC grew its holdings in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its position in shares of PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock worth $31,000 after purchasing an additional 138 shares during the period. 68.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 7,102 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value 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. In the last three months, insiders have sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler set a $74.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Barclays reissued an "overweight" rating on shares of PayPal in a research note on Tuesday, July 29th. Weiss Ratings restated a "hold (c)" rating on shares of PayPal in a research report on Wednesday, October 8th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $96.00 target price on shares of PayPal in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group set a $70.00 price target on PayPal and gave the stock a "sell" rating in a report on Monday. Sixteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $83.44.

View Our Latest Research Report on PayPal

PayPal Trading Up 2.1%

Shares of PYPL stock opened at $67.41 on Friday. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The stock's fifty day simple moving average is $68.89 and its 200 day simple moving average is $69.45. 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 capitalization of $64.40 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.02 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. The firm 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 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. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

About PayPal

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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