Mirae Asset Global Investments Co. Ltd. cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 17.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 389,585 shares of the credit services provider's stock after selling 85,043 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in PayPal were worth $28,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in PYPL. Vanguard Group Inc. boosted its position in shares of PayPal by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider's stock valued at $5,625,976,000 after acquiring an additional 276,339 shares during the last quarter. Deutsche Bank AG boosted its holdings in PayPal by 19.1% in the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock valued at $733,294,000 after purchasing an additional 1,798,330 shares during the last quarter. Invesco Ltd. grew its stake in shares of PayPal by 14.9% in the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider's stock valued at $620,924,000 after buying an additional 1,232,155 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of PayPal by 44.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock worth $558,499,000 after buying an additional 2,638,815 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of PayPal during the 1st quarter valued at approximately $529,264,000. Institutional investors and hedge funds own 68.32% of the company's stock.
PayPal Price Performance
Shares of PYPL opened at $69.25 on Friday. The company has a market cap of $66.16 billion, a P/E ratio of 14.80, a PEG ratio of 1.06 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week 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. The firm's 50 day moving average price is $68.68 and its 200 day moving average price is $69.31.
PayPal (NASDAQ:PYPL - Get Free Report) last issued 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. 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 analysts' expectations of $8.08 billion. During the same quarter last year, the company 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, research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the completion of the transaction, the insider directly owned 48,483 shares of the company's stock, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Chris Natali sold 7,102 shares of the company's stock in a transaction that occurred on 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 15,102 shares of company stock valued at $1,046,607 in the last three months. 0.08% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts recently commented on PYPL shares. Citigroup reiterated a "buy" rating on shares of PayPal in a report on Tuesday, July 29th. JMP Securities decreased their price target on PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research note on Wednesday, July 30th. Seaport Res Ptn upgraded PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. Canaccord Genuity Group restated a "buy" rating and issued a $96.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $88.00 target price on shares of PayPal in a research report on Thursday, June 26th. 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, the company presently has a consensus rating of "Hold" and a consensus target price of $84.50.
View Our Latest Analysis on PayPal
PayPal Company 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.
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