Mn Services Vermogensbeheer B.V. Sells 28,300 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in PayPal Holdings, Inc. by 7.5%, selling 28,300 shares and holding a total of 351,299 shares worth $26,109,000 as of its latest SEC filing.
• Several major investors, including Goldman Sachs and Assenagon Asset Management, have increased their stakes in PayPal, indicating continued institutional interest in the company.
• PayPal recently reported earnings per share of $1.40 for the quarter, beating analysts' expectations, with revenues of $8.29 billion surpassing forecasts as well.

Mn Services Vermogensbeheer B.V. cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 351,299 shares of the credit services provider's stock after selling 28,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in PayPal were worth $26,109,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its position in shares of PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after buying an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $248,000. Vident Advisory LLC lifted its position in shares of PayPal by 16.7% in the fourth quarter. Vident Advisory LLC now owns 22,658 shares of the credit services provider's stock valued at $1,934,000 after buying an additional 3,244 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $5,155,000. Finally, Waverly Advisors LLC lifted its position in shares of PayPal by 34.3% in the fourth quarter. Waverly Advisors LLC now owns 30,105 shares of the credit services provider's stock valued at $2,569,000 after buying an additional 7,690 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Activity

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 value of $288,801.18. Following the transaction, the insider directly owned 48,483 shares of the company's stock, valued at $3,364,235.37. The trade was a 7.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diego Scotti sold 3,838 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the completion of the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,102 shares of company stock valued at $1,046,607 in the last ninety days. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup reissued a "buy" rating on shares of PayPal in a report on Tuesday, July 29th. JMP Securities lowered their price objective 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. Morgan Stanley restated a "positive" rating on shares of PayPal in a research note on Wednesday, July 30th. Macquarie restated an "outperform" rating and set a $95.00 price objective on shares of PayPal in a research note on Wednesday, July 30th. Finally, Piper Sandler set a $74.00 price target on PayPal in a research note on Tuesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $84.50.

PayPal Trading Down 0.4%

PYPL traded down $0.30 during midday trading on Friday, hitting $68.22. 19,753,378 shares of the company were exchanged, compared to its average volume of 9,683,736. The firm has a market capitalization of $65.18 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.06 and a beta of 1.43. 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 $70.13 and its 200-day moving average price is $69.37. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same period in the previous year, the business 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 analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.