KLP Kapitalforvaltning AS Grows Stake in PayPal Holdings, Inc. $PYPL

KLP Kapitalforvaltning AS boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,445 shares of the credit services provider's stock after purchasing an additional 7,000 shares during the period. KLP Kapitalforvaltning AS's holdings in PayPal were worth $32,288,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd increased its position in PayPal by 41.2% during the first 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 in the last quarter. GSB Wealth Management LLC boosted its stake in shares of PayPal by 1.7% during the second quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider's stock valued at $606,000 after acquiring an additional 140 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in shares of PayPal by 1.5% during the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider's stock valued at $613,000 after acquiring an additional 142 shares during the last quarter. Pitti Group Wealth Management LLC boosted its stake in shares of PayPal by 1.5% during the second quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider's stock valued at $761,000 after acquiring 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. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of analyst reports. Piper Sandler set a $74.00 price objective on PayPal in a research note on Tuesday, July 29th. Wall Street Zen lowered PayPal from a "buy" rating to a "hold" rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on PayPal in a research note on Tuesday, July 29th. BMO Capital Markets reaffirmed a "market perform" rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, Barclays reaffirmed an "overweight" rating on shares of PayPal in a research note on Tuesday, July 29th. Seventeen research 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $84.50.

PayPal Stock Performance

NASDAQ PYPL opened at $74.61 on Wednesday. The business's 50-day moving average price is $68.60 and its 200 day moving average price is $69.35. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a market capitalization of $71.28 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. 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 (NASDAQ:PYPL - Get Free Report) last released its 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. The firm had revenue of $8.29 billion for 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 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, research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the transaction, the insider directly owned 48,483 shares in the company, valued at $3,364,235.37. This trade represents a 7.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was 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 in the company, valued at approximately $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 have 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 currently owned by company insiders.

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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