Empirical Financial Services LLC d.b.a. Empirical Wealth Management Raises Stock Position in PayPal Holdings, Inc. $PYPL

Key Points

• Empirical Wealth Management increased its stake in PayPal by 21.3% during the second quarter, now holding 121,732 shares valued at approximately $9 million.
• PayPal's stock is currently valued at $68.93, with a year range between $55.85 and $93.66, reflecting a 3.4% increase recently.
• Analysts have a mixed outlook on PayPal, with most ratings leaning towards Hold and an average target price of $84.50.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 21.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,732 shares of the credit services provider's stock after purchasing an additional 21,343 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in PayPal were worth $9,047,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Hilltop National Bank acquired a new position in PayPal during the 2nd quarter worth $27,000. Hardman Johnston Global Advisors LLC boosted its holdings in shares of PayPal by 3.3% in the 2nd quarter. Hardman Johnston Global Advisors LLC now owns 388,499 shares of the credit services provider's stock valued at $28,873,000 after buying an additional 12,250 shares during the period. Matauro LLC acquired a new position in shares of PayPal in the 2nd quarter valued at about $349,000. Kennebec Savings Bank boosted its holdings in shares of PayPal by 7.8% in the 2nd quarter. Kennebec Savings Bank now owns 9,412 shares of the credit services provider's stock valued at $700,000 after buying an additional 679 shares during the period. Finally, Philip James Wealth Mangement LLC boosted its holdings in shares of PayPal by 3.1% in the 2nd quarter. Philip James Wealth Mangement LLC now owns 32,261 shares of the credit services provider's stock valued at $2,398,000 after buying an additional 978 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Up 3.4%

PYPL stock opened at $68.93 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The stock has a fifty day moving average of $68.85 and a 200-day moving average of $69.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $65.85 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.03 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data 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 company 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 last 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. As a group, equities 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 PayPal news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several recent research reports. Rothschild & Co Redburn lifted their price objective on shares of PayPal from $66.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, September 16th. Piper Sandler set a $74.00 price target on shares of PayPal in a research report on Tuesday, July 29th. JMP Securities dropped their price target on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 30th. Canaccord Genuity Group restated a "buy" rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $84.50.

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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