Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 48.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,876 shares of the credit services provider's stock after selling 52,451 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in PayPal were worth $4,078,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Brighton Jones LLC boosted its position in PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after purchasing an additional 924 shares during the period. Revolve Wealth Partners LLC bought a new position in PayPal during the fourth quarter worth about $248,000. Oppenheimer Asset Management Inc. boosted its position in PayPal by 3.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 108,119 shares of the credit services provider's stock worth $7,055,000 after purchasing an additional 3,407 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of PayPal by 14.1% in the first quarter. Asset Management One Co. Ltd. now owns 435,276 shares of the credit services provider's stock valued at $28,402,000 after acquiring an additional 53,886 shares during the period. Finally, AssuredPartners Investment Advisors LLC boosted its position in shares of PayPal by 25.7% in the first quarter. AssuredPartners Investment Advisors LLC now owns 5,031 shares of the credit services provider's stock valued at $328,000 after acquiring an additional 1,028 shares during the period. Institutional investors own 68.32% of the company's stock.
Insider Activity at PayPal
In related news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction on Thursday, July 31st. The shares were 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 in the company, valued at $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. 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 PayPal stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total transaction of $288,801.18. Following the completion of the sale, the insider owned 48,483 shares in the company, valued at approximately $3,364,235.37. This trade represents a 7.91% decrease in their position. 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 over the last quarter. Corporate insiders own 0.08% of the company's stock.
Wall Street Analyst Weigh In
PYPL has been the subject of a number of analyst reports. JMP Securities cut their price objective on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research report on Wednesday, July 30th. The Goldman Sachs Group set a $70.00 price objective on shares of PayPal and gave the company a "sell" rating in a research report on Monday, October 13th. Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a research report on Monday, July 14th. Wells Fargo & Company upgraded shares of PayPal to a "hold" rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of PayPal in a research note on Tuesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $82.57.
Read Our Latest Analysis on PayPal
PayPal Stock Performance
NASDAQ:PYPL opened at $68.07 on Thursday. The stock has a market cap of $65.03 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. The firm's fifty day simple moving average is $68.92 and its 200 day simple moving average is $69.59. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. 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 results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The business had revenue of $8.29 billion for the quarter, compared to analysts' expectations of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same quarter in the previous 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. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
PayPal Profile
(
Free Report)
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.
Further Reading
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