Ieq Capital LLC Has $14.85 Million Position in PayPal Holdings, Inc. $PYPL

Key Points

• Ieq Capital LLC reduced its stake in PayPal Holdings, Inc. by 13.9% during the first quarter, holding approximately $14.85 million worth of shares after selling 36,780 shares.
• Various institutional investors have modified their positions in PayPal, with Nuveen LLC acquiring a significant new position worth approximately $529.26 million during the same period.
• PayPal reported a better-than-expected quarterly earnings per share (EPS) of $1.40, surpassing analysts' consensus of $1.30, and generated revenue of $8.29 billion against an estimate of $8.08 billion.

Ieq Capital LLC cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,591 shares of the credit services provider's stock after selling 36,780 shares during the period. Ieq Capital LLC's holdings in PayPal were worth $14,850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PYPL. Nuveen LLC acquired a new position in PayPal during the first quarter worth approximately $529,264,000. Goldman Sachs Group Inc. boosted its stake in shares of PayPal by 44.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock worth $558,499,000 after acquiring an additional 2,638,815 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of PayPal by 124.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock worth $228,206,000 after acquiring an additional 1,936,520 shares during the last quarter. Deutsche Bank AG lifted its holdings in PayPal by 19.1% during 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. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PayPal during the 4th quarter valued at $140,164,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Down 0.8%

Shares of NASDAQ PYPL opened at $69.65 on Thursday. The stock has a market capitalization of $66.54 billion, a P/E ratio of 14.88, a PEG ratio of 1.08 and a beta of 1.42. The stock's fifty day moving average is $72.02 and its 200 day moving average is $70.14. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. 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 announced its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the prior year, the company 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. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PYPL shares. Citigroup reiterated a "buy" rating on shares of PayPal in a report on Tuesday, July 29th. Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a research report on Monday, July 14th. Truist Financial began coverage on PayPal in a report on Monday, June 2nd. They set a "sell" rating and a $68.00 price objective for the company. Finally, Barclays reiterated an "overweight" rating on shares of PayPal in a research note on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $85.00.

Insider Activity

In other PayPal news, CAO Chris Natali sold 7,102 shares of the business's stock in a transaction 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 legal filing with the SEC, which is available at this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, the director owned 13,976 shares of the company's stock, valued at $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,898 shares of company stock valued at $1,909,636 in the last three months. Company insiders own 0.08% of the company's stock.

PayPal 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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