Evergreen Quality Fund GP Ltd. Purchases New Position in PayPal Holdings, Inc. $PYPL

Key Points

• Evergreen Quality Fund GP Ltd. purchased 286,770 shares of PayPal Holdings, Inc., valued at approximately $18.7 million, making it the fund's 10th largest holding.
• PayPal has received multiple favorable ratings from analysts, with a consensus rating of "Hold" and an average target price of $85.00.
• The recent earnings report showed PayPal exceeding estimates with $1.40 EPS for the quarter, driven by revenues of $8.29 billion, surpassing expectations.

Evergreen Quality Fund GP Ltd. acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 286,770 shares of the credit services provider's stock, valued at approximately $18,712,000. PayPal comprises approximately 0.7% of Evergreen Quality Fund GP Ltd.'s portfolio, making the stock its 10th largest holding.

A number of other hedge funds also recently modified their holdings of the business. Mpwm Advisory Solutions LLC bought a new position in PayPal during the 4th quarter worth approximately $25,000. Bernard Wealth Management Corp. bought a new position in shares of PayPal in the fourth quarter valued at $34,000. Pinney & Scofield Inc. bought a new position in PayPal in the 4th quarter valued at about $35,000. Evermay Wealth Management LLC boosted its stake in PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 363 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in PayPal during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PYPL shares. Morgan Stanley reiterated a "positive" rating on shares of PayPal in a report on Wednesday, July 30th. Citigroup reiterated a "buy" rating on shares of PayPal in a report on Tuesday, July 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $88.00 target price on shares of PayPal in a research report on Thursday, June 26th. Seaport Res Ptn upgraded PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Finally, JMP Securities cut their price target on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a report on Wednesday, July 30th. Seventeen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, PayPal has a consensus rating of "Hold" and an average target price of $85.00.

PayPal Stock Up 0.2%

PYPL stock opened at $70.19 on Monday. The stock has a fifty day moving average of $72.06 and a 200-day moving average of $69.95. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The company has a market capitalization of $67.06 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.08 and a beta of 1.43. 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 released its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.30 by $0.10. The business had revenue of $8.29 billion for the quarter, compared to the consensus estimate 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 prior year, the firm earned $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, 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 the 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Chris Natali sold 7,102 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was 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 quarter, insiders sold 26,898 shares of company stock worth $1,909,636. 0.08% of the stock is owned by insiders.

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.

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.