Northern Trust Corp Sells 195,529 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Northern Trust Corp reduced its stake in PayPal Holdings, Inc. by 1.9%, now holding approximately 10.27 million shares valued at around $669.9 million.
• Several institutional investors have recently increased their holdings in PayPal, including Allianz SE, which raised its stake by 281.8% during the first quarter.
• PayPal reported better-than-expected earnings with $1.40 EPS for the last quarter, exceeding the consensus estimate of $1.30 by $0.10.

Northern Trust Corp reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,266,722 shares of the credit services provider's stock after selling 195,529 shares during the quarter. Northern Trust Corp owned approximately 1.06% of PayPal worth $669,904,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allianz SE increased its position in PayPal by 281.8% in the 1st quarter. Allianz SE now owns 30,338 shares of the credit services provider's stock worth $1,980,000 after buying an additional 22,392 shares during the period. J. Goldman & Co LP increased its position in PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock worth $22,304,000 after buying an additional 27,812 shares during the period. Nuveen LLC bought a new position in PayPal in the 1st quarter worth approximately $529,264,000. Proffitt & Goodson Inc. bought a new position in PayPal in the 1st quarter worth approximately $535,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 worth $651,619,000 after buying an additional 1,114,858 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction on 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 sale, the insider directly owned 48,483 shares of the company's stock, valued at $3,364,235.37. This trade represents a 7.91% decrease in their position. The transaction was disclosed in a document filed 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 on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,898 shares of company stock valued at $1,909,636. Company insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on PYPL shares. Compass Point started coverage on PayPal in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target on the stock. Seaport Res Ptn raised PayPal from a "strong sell" rating to a "hold" rating in a research report on Monday, July 14th. JMP Securities dropped their price target on PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 30th. Citigroup reaffirmed a "buy" rating on shares of PayPal in a research report on Tuesday, July 29th. Finally, Piper Sandler set a $74.00 price objective on PayPal in a report on Tuesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $85.00.

PayPal Price Performance

Shares of PayPal stock traded down $0.53 during midday trading on Thursday, hitting $67.55. 7,025,924 shares of the company were exchanged, compared to its average volume of 11,162,679. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $64.54 billion, a P/E ratio of 14.43, a PEG ratio of 1.06 and a beta of 1.42. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The firm has a 50 day simple moving average of $72.23 and a 200-day simple moving average of $70.52.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping 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 business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same quarter last year, the company 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. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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.