Morningstar Investment Management LLC Purchases Shares of 4,357 PayPal Holdings, Inc. $PYPL

Key Points

• Morningstar Investment Management LLC acquired a stake in PayPal Holdings, purchasing 4,357 shares valued at approximately $324,000.
• A significant percentage, 68.32%, of PayPal's stock is owned by hedge funds and institutional investors, indicating strong institutional interest.
• PayPal's stock has seen varying analyst ratings, with a current consensus rating of "Hold" and an average price target of $83.50.

Morningstar Investment Management LLC purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,357 shares of the credit services provider's stock, valued at approximately $324,000.

Several other hedge funds also recently added to or reduced their stakes in PYPL. Evermay Wealth Management LLC boosted its stake in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after acquiring an additional 363 shares in the last quarter. Hilltop National Bank purchased a new position in PayPal during the second quarter worth approximately $27,000. Garde Capital Inc. acquired a new stake in PayPal in the first quarter valued at approximately $28,000. Tsfg LLC grew its holdings in PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares during the period. Finally, Gordian Capital Singapore Pte Ltd increased its position in shares of PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock valued at $31,000 after buying an additional 138 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PayPal

In other news, CAO Chris Natali sold 7,102 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.12, for a total transaction of $265,282.56. Following the sale, the executive vice president owned 16,989 shares of the company's stock, valued at approximately $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 sold a total of 15,102 shares of company stock worth $1,046,607 in the last three months. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research analyst reports. Canaccord Genuity Group reissued a "buy" rating and issued a $96.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of PayPal in a research report on Wednesday, October 8th. JMP Securities reduced their price target 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. Piper Sandler set a $74.00 price target on shares of PayPal in a research note on Tuesday, July 29th. Finally, Wall Street Zen lowered PayPal from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Sixteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $83.50.

PayPal Stock Up 0.4%

Shares of NASDAQ PYPL opened at $69.15 on Wednesday. The stock has a market cap of $66.06 billion, a PE ratio of 14.78, a P/E/G ratio of 1.06 and a beta of 1.44. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a 50-day moving average of $68.97 and a 200 day moving average of $69.44.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping 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 return on equity of 25.35% and a net margin of 14.49%.During the same period in the previous year, the firm 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. As a group, sell-side analysts predict 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.

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