Pallas Capital Advisors LLC Has $859,000 Position in PayPal Holdings, Inc. $PYPL

Key Points

• Pallas Capital Advisors LLC has reduced its stake in PayPal Holdings, Inc. by 33.8%, owning 11,558 shares valued at approximately $859,000 after selling 5,903 shares in the second quarter.
• PayPal's recent earnings report showed an EPS of $1.40, exceeding expectations, with revenue of $8.29 billion, higher than the anticipated $8.08 billion.
• Insider transactions revealed that multiple executives have sold shares, with one insider selling 4,162 shares for a total of $288,801.18 in August 2023, indicating a 7.91% decrease in their position.

Pallas Capital Advisors LLC lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 33.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,558 shares of the credit services provider's stock after selling 5,903 shares during the quarter. Pallas Capital Advisors LLC's holdings in PayPal were worth $859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in PayPal by 15.8% in the first quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider's stock valued at $224,001,000 after buying an additional 476,763 shares in the last quarter. Allianz SE lifted its position in shares of PayPal by 281.8% during the first quarter. Allianz SE now owns 30,338 shares of the credit services provider's stock worth $1,980,000 after purchasing an additional 22,392 shares in the last quarter. Nuveen LLC acquired a new position in shares of PayPal during the first quarter worth approximately $529,264,000. Clearline Capital LP lifted its position in shares of PayPal by 179.8% during the first quarter. Clearline Capital LP now owns 300,340 shares of the credit services provider's stock worth $19,597,000 after purchasing an additional 193,000 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new position in shares of PayPal during the first quarter worth approximately $678,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PYPL shares. BMO Capital Markets reiterated a "market perform" rating on shares of PayPal in a research report on Tuesday, July 29th. Citigroup reissued a "buy" rating on shares of PayPal in a research note on Tuesday, July 29th. Truist Financial started coverage on shares of PayPal in a research note on Monday, June 2nd. They set a "sell" rating and a $68.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a research note on Tuesday, July 29th. Finally, Piper Sandler set a $74.00 price target on shares of PayPal in a research note on Tuesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $84.50.

PayPal Trading Down 0.9%

NASDAQ:PYPL traded down $0.62 during trading hours on Monday, hitting $67.61. The stock had a trading volume of 8,662,875 shares, compared to its average volume of 11,093,137. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. 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 market cap of $64.59 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.05 and a beta of 1.43. The business's 50 day moving average is $70.13 and its 200-day moving average is $69.38.

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

Insider Transactions at PayPal

In related news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction on Thursday, July 31st. The stock was 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 valued at $1,046,607 over the last quarter. Corporate insiders own 0.08% of the company's stock.

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.