Parallel Advisors LLC Sells 7,844 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Parallel Advisors LLC reduced its stake in PayPal Holdings, Inc. by 9.4%, selling 7,844 shares, leaving them with 75,604 shares valued at approximately $5.6 million.
• Insider trading activity includes significant sales by Suzan Kereere and Diego Scotti, with Kereere selling 4,162 shares for $288,801 and Scotti selling 3,838 shares for $265,283.
• Analysts have varied ratings on PayPal, with a consensus rating of "Hold" and an average price target of $85.00, despite affirmed "buy" ratings from several research firms.

Parallel Advisors LLC trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,604 shares of the credit services provider's stock after selling 7,844 shares during the period. Parallel Advisors LLC's holdings in PayPal were worth $5,619,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after purchasing an additional 924 shares during the period. Revolve Wealth Partners LLC bought a new stake in PayPal during the 4th quarter valued at about $248,000. Two Sigma Advisers LP boosted its position in PayPal by 13.6% in the 4th quarter. Two Sigma Advisers LP now owns 812,900 shares of the credit services provider's stock valued at $69,381,000 after buying an additional 97,600 shares during the period. Twinbeech Capital LP purchased a new stake in PayPal in the 4th quarter valued at about $7,544,000. Finally, Triglav Skladi D.O.O. bought a new position in PayPal in the 4th quarter worth about $939,000. Institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 4,162 shares of the business'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 transaction, the insider directly owned 48,483 shares in the company, valued at $3,364,235.37. The trade was a 7.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diego Scotti sold 3,838 shares of the company's 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 transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is currently owned by insiders.

PayPal Price Performance

Shares of PYPL stock opened at $67.11 on Tuesday. The stock's 50-day moving average is $70.62 and its 200 day moving average is $69.40. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. 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 company has a market cap of $64.12 billion, a P/E ratio of 14.34, a PEG ratio of 1.03 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating 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 business had revenue of $8.29 billion during 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. Research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Barclays reaffirmed an "overweight" 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 report on Tuesday, July 29th. JMP Securities cut their price target on PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research note on Wednesday, July 30th. Finally, Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Seventeen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $85.00.

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.

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