LGT Fund Management Co Ltd. Raises Position in PayPal Holdings, Inc. $PYPL

Key Points

• LGT Fund Management Co Ltd. significantly increased its stake in PayPal by 532.7% during the 2nd quarter, now holding 189,800 shares valued at approximately $14.1 million.
• PayPal's stock has a market cap of $66.16 billion and reported $1.40 EPS in its latest earnings, exceeding estimates.
• Analyst ratings show a mixed sentiment, with 17 analysts rating it as "Buy" and 15 as "Hold," while the average price target stands at $84.50.

LGT Fund Management Co Ltd. lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 532.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,800 shares of the credit services provider's stock after purchasing an additional 159,800 shares during the period. PayPal accounts for 1.2% of LGT Fund Management Co Ltd.'s investment portfolio, making the stock its 19th biggest holding. LGT Fund Management Co Ltd.'s holdings in PayPal were worth $14,106,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Hilltop National Bank purchased a new stake in shares of PayPal during the 2nd quarter worth approximately $27,000. Evermay Wealth Management LLC increased its stake in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after purchasing an additional 363 shares during the last quarter. Garde Capital Inc. purchased a new stake in shares of PayPal during the 1st quarter worth approximately $28,000. Tsfg LLC boosted its holdings in 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. Finally, Gordian Capital Singapore Pte Ltd boosted its holdings in 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. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Up 0.5%

Shares of NASDAQ:PYPL opened at $69.25 on Friday. The firm has a fifty day moving average price of $68.68 and a two-hundred day moving average price of $69.31. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a market cap of $66.16 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.06 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 net margin of 14.49% and a return on equity of 25.35%. During the same period last year, the firm 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. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. Wall Street Zen downgraded shares of PayPal from a "buy" rating to a "hold" rating in a report on Saturday. 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 issued a $88.00 price objective on shares of PayPal in a report on Thursday, June 26th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $96.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Finally, Piper Sandler set a $74.00 price objective on shares of PayPal in a report on Tuesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $84.50.

Insider Activity

In other news, CAO Chris Natali sold 7,102 shares of the firm's 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 transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction of $265,282.56. Following the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is currently owned by corporate 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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