Panagora Asset Management Inc. Acquires 148,810 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Panagora Asset Management Inc. has increased its holdings in PayPal Holdings, Inc. by 27.8% in the first quarter, acquiring an additional 148,810 shares to reach 684,222 shares valued at approximately $44.65 million.
• Insider trading activity has seen EVP Diego Scotti sell 3,839 shares at an average price of $73.24, while CAO Chris Natali sold 7,102 shares at $69.35, amounting to a total insider sale of $1.91 million over the last three months.
• PayPal reported earnings of $1.40 per share for the last quarter, exceeding analyst expectations, with total revenue reaching $8.29 billion, compared to forecasts of $8.08 billion.

Panagora Asset Management Inc. lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 684,222 shares of the credit services provider's stock after acquiring an additional 148,810 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.07% of PayPal worth $44,645,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal during the 4th quarter worth $25,000. Evermay Wealth Management LLC lifted its holdings 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 during the period. Garde Capital Inc. bought a new position in shares of PayPal during the 1st quarter worth about $28,000. Tsfg LLC lifted its holdings in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after acquiring an additional 200 shares during the period. Finally, Gordian Capital Singapore Pte Ltd lifted its holdings in PayPal by 41.2% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock valued at $31,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Down 1.3%

PYPL traded down $0.94 during trading hours on Tuesday, hitting $69.25. 10,459,642 shares of the company's stock were exchanged, compared to its average volume of 11,029,203. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average is $72.02 and its two-hundred day moving average is $69.90. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The stock has a market cap of $66.16 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.08 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same period in the prior year, the firm 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. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other news, 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 value of $492,523.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the transaction, the executive vice president directly owned 16,989 shares in the company, valued at $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,898 shares of company stock valued at $1,909,636 over the last three months. Company insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Piper Sandler set a $74.00 price target on shares of PayPal in a report on Tuesday, July 29th. JMP Securities lowered 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. Citigroup reiterated a "buy" rating on shares of PayPal in a research report on Tuesday, July 29th. Royal Bank Of Canada reiterated an "outperform" rating and set a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. Finally, Morgan Stanley reiterated a "positive" rating on shares of PayPal in a research report on Wednesday, July 30th. Seventeen investment 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, PayPal has a consensus rating of "Hold" and an average price target of $85.00.

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.