Hancock Prospecting Pty Ltd Takes $7.18 Million Position in PayPal Holdings, Inc. $PYPL

Key Points

• Hancock Prospecting Pty Ltd has invested approximately $7.18 million in PayPal Holdings by acquiring 110,000 shares, ranking it as the company's 15th largest position in its investment portfolio.
• Institutional investors currently own 68.32% of PayPal's stock, with significant increases in holdings from Vanguard Group, Deutsche Bank, and Goldman Sachs in the first quarter.
• PayPal recently reported earnings per share of $1.40 for the quarter, surpassing analysts' expectations of $1.30, with a revenue of $8.29 billion compared to forecasts of $8.08 billion.

Hancock Prospecting Pty Ltd purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 110,000 shares of the credit services provider's stock, valued at approximately $7,178,000. PayPal comprises about 0.2% of Hancock Prospecting Pty Ltd's investment portfolio, making the stock its 15th largest position.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of PayPal by 0.3% during the first quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider's stock valued at $5,625,976,000 after acquiring an additional 276,339 shares during the last quarter. Deutsche Bank AG raised its stake in PayPal by 19.1% in the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock valued at $733,294,000 after purchasing an additional 1,798,330 shares during the last quarter. Invesco Ltd. lifted its holdings in PayPal by 14.9% in the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider's stock valued at $620,924,000 after purchasing an additional 1,232,155 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in PayPal by 44.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock valued at $558,499,000 after purchasing an additional 2,638,815 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in PayPal during the 1st quarter worth $529,264,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of recent research reports. BMO Capital Markets reiterated a "market perform" rating on shares of PayPal in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. JMP Securities cut their price objective on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a report on Wednesday, July 30th. Canaccord Genuity Group restated a "buy" rating and set a $96.00 target price on shares of PayPal in a report on Wednesday, July 30th. Finally, Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Seventeen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, PayPal currently has a consensus rating of "Hold" and an average price target of $85.00.

Insider Activity

In related news, EVP Diego Scotti sold 3,838 shares of the business's 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 sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,174,279.68. The trade was a 18.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Chris Natali sold 7,102 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock valued at $1,046,607 in the last quarter. Insiders own 0.08% of the company's stock.

PayPal Stock Up 0.2%

Shares of NASDAQ PYPL opened at $68.40 on Tuesday. The company has a market capitalization of $65.35 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.05 and a beta of 1.43. 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 company has a 50 day simple moving average of $71.54 and a 200-day simple moving average of $69.60. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66.

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 analysts' consensus estimates 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 return on equity of 25.35% and a net margin of 14.49%.During the same period in the prior 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. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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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