PayPal Holdings, Inc. $PYPL Shares Sold by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management LLC reduced its stake in PayPal Holdings, Inc. by 2.9%, selling 3,785 shares and holding a total of 125,477 shares valued at approximately $9.61 million.
• Insider transactions included EVP Diego Scotti and another executive selling a combined 8,000 shares of PayPal, reflecting a substantial decrease in their ownership positions.
• PayPal recently reported an earnings per share (EPS) of $1.40, exceeding analysts' expectations, alongside revenue of $8.29 billion for the last quarter.

NorthCrest Asset Manangement LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 125,477 shares of the credit services provider's stock after selling 3,785 shares during the period. NorthCrest Asset Manangement LLC's holdings in PayPal were worth $9,610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in PayPal during the fourth quarter valued at about $25,000. Evermay Wealth Management LLC increased its holdings in shares of PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after purchasing an additional 363 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of PayPal in the first quarter worth about $28,000. Tsfg LLC increased its holdings in shares of PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its holdings 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 worth $31,000 after purchasing an additional 138 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other PayPal news, 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 transaction of $265,282.56. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the sale, the insider owned 48,483 shares of the company's stock, valued at $3,364,235.37. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,102 shares of company stock worth $1,046,607. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PYPL shares. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Truist Financial started coverage on PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 price objective on the stock. Citigroup reaffirmed a "buy" rating on shares of PayPal in a research report on Tuesday, July 29th. Rothschild & Co Redburn increased their target price on PayPal from $66.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, September 16th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $88.00 target price on shares of PayPal in a research report on Thursday, June 26th. Seventeen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, PayPal has a consensus rating of "Hold" and an average price target of $84.50.

PayPal Price Performance

Shares of PayPal stock traded down $0.30 on Friday, hitting $68.22. The company's stock had a trading volume of 19,753,378 shares, compared to its average volume of 9,683,736. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm has a fifty day moving average price of $70.13 and a 200-day moving average price of $69.37. The company has a market capitalization of $65.18 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $8.08 billion. During the same quarter 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, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

About PayPal

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.