Interchange Capital Partners LLC Lowers Stake in PayPal Holdings, Inc. $PYPL

Key Points

• Interchange Capital Partners LLC reduced its stake in PayPal by 61.4% in the second quarter, ending up with 3,249 shares valued at $241,000 after selling over 5,000 shares.
• PayPal reported $1.40 EPS in its latest quarterly earnings, exceeding analysts' expectations, with revenue reaching $8.29 billion.
• Insider sales have occurred recently, with Suzan Kereere selling 4,162 shares for around $288,800, representing a 7.91% decrease in her ownership.

Interchange Capital Partners LLC lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 61.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,249 shares of the credit services provider's stock after selling 5,161 shares during the quarter. Interchange Capital Partners LLC's holdings in PayPal were worth $241,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd lifted its position in PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock valued at $31,000 after purchasing an additional 138 shares during the period. GSB Wealth Management LLC boosted its position in shares of PayPal by 1.7% in the 2nd quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider's stock worth $606,000 after buying an additional 140 shares in the last quarter. CreativeOne Wealth LLC grew its position 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 valued at $613,000 after purchasing an additional 142 shares during the last quarter. Pitti Group Wealth Management LLC grew its holdings in PayPal by 1.5% during the 2nd quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider's stock valued at $761,000 after buying an additional 147 shares during the last quarter. Finally, MONECO Advisors LLC boosted its stake in shares of PayPal by 0.8% during the first quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider's stock valued at $1,334,000 after acquiring an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

PYPL stock opened at $69.15 on Wednesday. The firm has a market cap of $66.06 billion, a P/E ratio of 14.78, a P/E/G ratio of 1.06 and a beta of 1.44. The stock's 50 day simple moving average is $68.97 and its 200 day simple moving average is $69.44. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate 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 business earned $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 EPS for the current year.

Insider Buying and Selling

In other news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the transaction, the insider directly owned 48,483 shares of the company's stock, valued at approximately $3,364,235.37. This trade represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the transaction, the executive vice president directly owned 16,989 shares in the company, valued at $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,102 shares of company stock worth $1,046,607 in the last three months. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

PYPL has been the subject of several recent analyst reports. Citigroup reaffirmed a "buy" rating on shares of PayPal in a research note on Tuesday, July 29th. Rothschild & Co Redburn boosted their target price on PayPal from $66.00 to $70.00 and gave the stock a "neutral" rating in a report on Tuesday, September 16th. Piper Sandler set a $74.00 target price on PayPal in a report on Tuesday, July 29th. Wall Street Zen lowered PayPal from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of PayPal in a research report on Tuesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, PayPal presently has an average rating of "Hold" and an average price target of $83.50.

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.

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.