NewEdge Advisors LLC Reduces Stock Holdings in PayPal Holdings, Inc. $PYPL

NewEdge Advisors LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 24.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,002 shares of the credit services provider's stock after selling 7,920 shares during the period. NewEdge Advisors LLC's holdings in PayPal were worth $1,631,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in shares of PayPal by 15.8% in the 1st quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider's stock valued at $224,001,000 after acquiring an additional 476,763 shares during the last quarter. Allianz SE boosted its holdings in shares of PayPal by 281.8% in the 1st quarter. Allianz SE now owns 30,338 shares of the credit services provider's stock valued at $1,980,000 after acquiring an additional 22,392 shares during the last quarter. Nuveen LLC purchased a new stake in shares of PayPal in the 1st quarter valued at $529,264,000. Proffitt & Goodson Inc. purchased a new stake in shares of PayPal in the 1st quarter valued at $535,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of PayPal by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider's stock valued at $651,619,000 after acquiring an additional 1,114,858 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PYPL shares. Barclays reaffirmed an "overweight" rating on shares of PayPal in a report on Tuesday, July 29th. JMP Securities decreased their target price on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research note on Wednesday, July 30th. Macquarie reiterated an "outperform" rating and issued a $95.00 target price on shares of PayPal in a research note on Wednesday, July 30th. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Piper Sandler set a $74.00 target price on shares of PayPal in a research note on Tuesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of "Hold" and an average target price of $85.00.

PayPal Stock Performance

NASDAQ:PYPL opened at $66.89 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The company has a fifty day moving average of $70.81 and a two-hundred day moving average of $69.45. The stock has a market capitalization of $63.91 billion, a PE ratio of 14.29, a P/E/G ratio of 1.04 and a beta of 1.43. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.

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

Insider Activity

In other news, EVP Diego Scotti sold 3,838 shares of the 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 in the company, valued at $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Natali sold 7,102 shares of the 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 disclosure for this sale can be found here. Insiders sold 15,102 shares of company stock worth $1,046,607 over the last three months. Insiders own 0.08% of the company's stock.

PayPal Company 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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