Legacy Trust Sells 4,432 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Legacy Trust reduced its holdings in PayPal by 8.1%, selling 4,432 shares, resulting in a total of 50,402 shares worth approximately $3.75 million.
• Several hedge funds increased their positions in PayPal; AQR Capital Management notably boosted its stake by 15.8%, acquiring nearly half a million additional shares.
• PayPal reported earnings of $1.40 per share for the last quarter, exceeding analysts' expectations of $1.30, with revenue reaching $8.29 billion.

Legacy Trust lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,402 shares of the credit services provider's stock after selling 4,432 shares during the quarter. Legacy Trust's holdings in PayPal were worth $3,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PYPL. AQR Capital Management LLC lifted its holdings in PayPal by 15.8% during the 1st quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider's stock worth $224,001,000 after buying an additional 476,763 shares in the last quarter. Kathmere Capital Management LLC acquired a new position in PayPal during the 2nd quarter worth $325,000. Allianz SE lifted its holdings in PayPal by 281.8% during the 1st quarter. Allianz SE now owns 30,338 shares of the credit services provider's stock worth $1,980,000 after buying an additional 22,392 shares in the last quarter. Nuveen LLC acquired a new position in PayPal during the 1st quarter worth $529,264,000. Finally, Kingstone Capital Partners Texas LLC acquired a new position in PayPal during the 2nd quarter worth $3,513,000. Institutional investors own 68.32% of the company's stock.

Insider Transactions at PayPal

In other news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the transaction, the executive vice president directly owned 16,989 shares in the company, valued at $1,174,279.68. This represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction dated Thursday, July 31st. The stock was 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 sold a total of 15,102 shares of company stock worth $1,046,607 in the last three months. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

PYPL has been the topic of several research reports. Morgan Stanley reaffirmed a "positive" rating on shares of PayPal in a report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $88.00 price objective on shares of PayPal in a report on Thursday, June 26th. Rothschild & Co Redburn upped their target price on shares of PayPal from $66.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, September 16th. Canaccord Genuity Group reiterated a "buy" rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of PayPal in a research report on Tuesday, July 29th. Seventeen equities 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. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $84.50.

PayPal Trading Up 0.5%

PayPal stock opened at $69.25 on Friday. The firm has a 50-day moving average of $68.68 and a 200-day moving average of $69.30. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $66.16 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 1.07 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last posted 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. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the prior year, the business posted $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. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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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