PayPal Holdings, Inc. $PYPL Holdings Boosted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in PayPal by 3.4%, acquiring an additional 36,826 shares to reach a total of 1,116,364 shares, valued at approximately $72.8 million.
• Several institutional investors, including Invenomic Capital Management and Edmond DE Rothschild Holding, raised their holdings in PayPal significantly, indicating growing confidence in the stock.
• Wall Street analysts have mixed reviews on PayPal, with 17 rating it as a "Buy" and an average price target of $85.00, as the company continues to exceed earnings expectations.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,116,364 shares of the credit services provider's stock after purchasing an additional 36,826 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.11% of PayPal worth $72,843,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Invenomic Capital Management LP grew its stake in PayPal by 188.0% in the first quarter. Invenomic Capital Management LP now owns 431,490 shares of the credit services provider's stock worth $28,155,000 after purchasing an additional 281,646 shares in the last quarter. Gotham Asset Management LLC grew its stake in PayPal by 23.6% in the first quarter. Gotham Asset Management LLC now owns 345,931 shares of the credit services provider's stock worth $22,572,000 after purchasing an additional 66,069 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in PayPal by 153.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 202,781 shares of the credit services provider's stock worth $13,232,000 after purchasing an additional 122,697 shares in the last quarter. Clark Capital Management Group Inc. grew its stake in PayPal by 45.0% in the first quarter. Clark Capital Management Group Inc. now owns 810,036 shares of the credit services provider's stock worth $52,855,000 after purchasing an additional 251,346 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in PayPal by 1.9% in the first quarter. Alliancebernstein L.P. now owns 1,413,476 shares of the credit services provider's stock worth $92,229,000 after purchasing an additional 26,905 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PYPL shares. Royal Bank Of Canada restated an "outperform" rating and issued a $88.00 target price on shares of PayPal in a research note on Thursday, June 26th. Barclays restated an "overweight" rating on shares of PayPal in a research note on Tuesday, July 29th. JMP Securities decreased their target price on PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research note on Wednesday, July 30th. Citigroup restated a "buy" rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, Piper Sandler set a $74.00 target price on PayPal in a research note on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of "Hold" and an average price target of $85.00.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the sale, the insider owned 48,483 shares of the company's stock, valued at $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the business's 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 sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,174,279.68. The trade was a 18.43% 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 valued at $1,046,607 over the last quarter. Corporate insiders own 0.08% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ PYPL traded down $0.20 during midday trading on Friday, hitting $68.26. 7,781,299 shares of the company's stock were exchanged, compared to its average volume of 8,879,010. 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 stock's 50 day moving average price is $71.66 and its 200-day moving average price is $69.64. The firm has a market cap of $65.21 billion, a P/E ratio of 14.59, a PEG ratio of 1.05 and a beta of 1.43. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced 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 firm had revenue of $8.29 billion for the quarter, compared to analysts' expectations of $8.08 billion. During the same quarter in the previous year, the company earned $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. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.