Meritage Portfolio Management Cuts Stock Position in PayPal Holdings, Inc. $PYPL

Key Points

• Meritage Portfolio Management has decreased its stock position in PayPal Holdings, Inc. by 11.9% in the second quarter, now holding 198,845 shares valued at approximately $14.78 million.
• Insider transactions revealed that CAO Chris Natali sold 7,102 shares and EVP Diego Scotti sold 3,838 shares of PayPal on July 31, indicating significant trading activity among executives.
• PayPal's stock has seen a decline of 7.7%, and its current price is around <$strong>69.90, with analysts maintaining a consensus target price of $84.66.

Meritage Portfolio Management reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,845 shares of the credit services provider's stock after selling 26,739 shares during the quarter. PayPal accounts for about 0.9% of Meritage Portfolio Management's holdings, making the stock its 22nd largest holding. Meritage Portfolio Management's holdings in PayPal were worth $14,778,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hilltop National Bank purchased a new stake in PayPal during the 2nd quarter valued at about $27,000. Evermay Wealth Management LLC boosted its holdings in PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after acquiring an additional 363 shares during the period. Garde Capital Inc. purchased a new stake in PayPal during the 1st quarter valued at about $28,000. Tsfg LLC boosted its holdings in PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after acquiring an additional 200 shares during the period. Finally, Gordian Capital Singapore Pte Ltd boosted its holdings in PayPal by 41.2% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock valued at $31,000 after acquiring an additional 138 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In other news, CAO Chris Natali sold 7,102 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction that occurred on 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 directly owned 16,989 shares of the company's stock, valued at $1,174,279.68. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,102 shares of company stock valued at $1,046,607. Corporate insiders own 0.08% of the company's stock.

PayPal Stock Down 7.7%

Shares of NASDAQ:PYPL opened at $69.90 on Friday. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The firm has a market capitalization of $66.78 billion, a P/E ratio of 14.94, a P/E/G ratio of 1.08 and a beta of 1.44. The stock has a 50 day moving average price of $68.92 and a 200-day moving average price of $69.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (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 firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same quarter in the prior 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. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PYPL. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a report on Tuesday, July 29th. Rothschild & Co Redburn increased their target price on PayPal from $66.00 to $70.00 and gave the company a "neutral" rating in a report on Tuesday, September 16th. Barclays restated an "overweight" rating on shares of PayPal in a report on Tuesday, July 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. Finally, Citigroup reaffirmed a "buy" rating on shares of PayPal in a research report on Tuesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, PayPal currently has a consensus rating of "Hold" and a consensus target price of $84.66.

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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