Fifth Third Bancorp Trims Stake in PayPal Holdings, Inc. $PYPL

Key Points

• Fifth Third Bancorp has reduced its stake in PayPal Holdings, Inc. by 6% during Q2, now holding 181,594 shares valued at approximately $13.5 million.
• A majority of analysts have a mixed outlook on PayPal, with 17 rating it as a Buy while 15 maintain a Hold; the average target price stands at $84.50.
• In the last three months, company insiders sold a total of 15,102 shares valued at over $1 million, indicating significant insider activity.

Fifth Third Bancorp cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,594 shares of the credit services provider's stock after selling 11,625 shares during the period. Fifth Third Bancorp's holdings in PayPal were worth $13,496,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Gordian Capital Singapore Pte Ltd increased its holdings in PayPal by 41.2% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock worth $31,000 after acquiring an additional 138 shares in the last quarter. GSB Wealth Management LLC increased its stake in shares of PayPal by 1.7% in the second quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider's stock worth $606,000 after purchasing an additional 140 shares in the last quarter. CreativeOne Wealth LLC increased its stake in shares of PayPal by 1.5% in the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider's stock worth $613,000 after purchasing an additional 142 shares in the last quarter. MONECO Advisors LLC raised its position in shares of PayPal by 0.8% during the 1st quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider's stock valued at $1,334,000 after purchasing an additional 154 shares during the period. Finally, DMC Group LLC lifted its stake in shares of PayPal by 2.0% during the 1st quarter. DMC Group LLC now owns 7,948 shares of the credit services provider's stock valued at $519,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on PYPL shares. Deutsche Bank Aktiengesellschaft set a $75.00 price target on PayPal in a report on Tuesday, July 29th. Macquarie reissued an "outperform" rating and set a $95.00 target price on shares of PayPal in a research note on Wednesday, July 30th. Barclays reissued an "overweight" rating on shares of PayPal in a report on Tuesday, July 29th. BMO Capital Markets reaffirmed a "market perform" rating on shares of PayPal in a report on Tuesday, July 29th. 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 investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $84.50.

PayPal Stock Up 0.8%

Shares of PYPL opened at $67.86 on Thursday. 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 stock has a market capitalization of $64.83 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.43. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The business's 50 day simple moving average is $69.79 and its 200-day simple moving average is $69.33.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results 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. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The company had revenue of $8.29 billion for the quarter, compared to analysts' expectations of $8.08 billion. During the same quarter in the previous year, the business 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, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the completion of the transaction, the executive vice president owned 16,989 shares of the company's stock, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the business'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 value of $492,523.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is currently owned by corporate 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.

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