Korea Investment CORP Decreases Holdings in PayPal Holdings, Inc. $PYPL

Key Points

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Korea Investment CORP lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 18.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 706,941 shares of the credit services provider's stock after selling 155,452 shares during the quarter. Korea Investment CORP owned 0.07% of PayPal worth $46,128,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in PayPal during the fourth quarter worth $25,000. Evermay Wealth Management LLC grew its holdings in PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after buying an additional 363 shares in the last quarter. Garde Capital Inc. bought a new stake in PayPal during the first quarter worth $28,000. Tsfg LLC grew its stake in PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. bought a new position in PayPal in the 4th quarter valued at $34,000. Institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

In other PayPal news, 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 sale, the executive vice president owned 16,989 shares of the company's stock, valued at $1,174,279.68. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the sale, the insider directly owned 48,483 shares in the company, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,898 shares of company stock worth $1,909,636. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Compass Point assumed coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price objective for the company. Royal Bank Of Canada restated an "outperform" rating and issued a $88.00 price objective on shares of PayPal in a research note on Thursday, June 26th. Canaccord Genuity Group restated a "buy" rating and issued a $96.00 price objective on shares of PayPal in a research note on Wednesday, July 30th. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Finally, Morgan Stanley restated a "positive" rating on shares of PayPal in a research note on Wednesday, July 30th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $85.00.

PayPal Price Performance

NASDAQ PYPL traded down $0.53 during trading hours on Thursday, hitting $67.55. The company had a trading volume of 7,025,924 shares, compared to its average volume of 11,162,679. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The firm has a 50 day simple moving average of $72.23 and a 200 day simple moving average of $70.52. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $64.54 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.06 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same quarter last year, the company 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. Equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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.