24,629 Shares in PayPal Holdings, Inc. $PYPL Acquired by IronOak Wealth LLC.

Key Points

• IronOak Wealth LLC acquired 24,629 shares of PayPal Holdings, Inc. valued at approximately $1.83 million, making it the firm's 21st largest holding.
• Institutional investors hold 68.32% of PayPal shares, with several large funds, including GAMMA Investing LLC and U.S. Capital Wealth Advisors LLC, increasing their positions during the second quarter.
• Brokerages have mixed opinions on PayPal, with a consensus rating of "Hold" and an average price target of $84.50, indicating potential for price appreciation.

IronOak Wealth LLC. acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,629 shares of the credit services provider's stock, valued at approximately $1,830,000. PayPal makes up 1.8% of IronOak Wealth LLC.'s investment portfolio, making the stock its 21st biggest position.

A number of other large investors have also recently modified their holdings of the stock. Evermay Wealth Management LLC boosted its position in shares of PayPal by 726.0% during the first 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 in the last quarter. Garde Capital Inc. purchased a new position in PayPal during the first quarter valued at $28,000. Tsfg LLC grew its position in shares of PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after buying an additional 200 shares during the period. Gordian Capital Singapore Pte Ltd grew its position in shares of 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 buying an additional 138 shares during the period. Finally, Bernard Wealth Management Corp. bought a new position in shares of PayPal in the 4th quarter worth about $34,000. Institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total value of $288,801.18. Following the sale, the insider owned 48,483 shares in the company, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the 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 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. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PYPL shares. Rothschild & Co Redburn lifted their target price on shares of PayPal from $66.00 to $70.00 and gave the company a "neutral" rating in a report on Tuesday, September 16th. Barclays reiterated an "overweight" rating on shares of PayPal in a research note on Tuesday, July 29th. Morgan Stanley reissued a "positive" rating on shares of PayPal in a research note on Wednesday, July 30th. Royal Bank Of Canada restated an "outperform" rating and set a $88.00 price target on shares of PayPal in a report on Thursday, June 26th. Finally, Piper Sandler set a $74.00 price target on shares of PayPal in a research note on Tuesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, PayPal has a consensus rating of "Hold" and an average price target of $84.50.

PayPal Price Performance

NASDAQ:PYPL traded down $0.54 during trading hours on Monday, hitting $67.68. 13,265,438 shares of the stock traded hands, compared to its average volume of 10,202,739. The company has a market cap of $64.66 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.05 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 stock has a 50 day moving average price of $70.01 and a 200 day moving average price of $69.36. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same quarter 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 EPS for the current fiscal year.

About PayPal

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.