Patton Fund Management Inc. Cuts Position in PayPal Holdings, Inc. $PYPL

Key Points

• Patton Fund Management Inc. significantly reduced its stake in PayPal Holdings, cutting it by 93.4% to 3,370 shares during Q2, leaving the holdings valued at $250,000.
• Institutional investors now own 68.32% of PayPal's stock, and recent analyst ratings show a mixed sentiment with 17 Buy, 15 Hold, and 2 Sell ratings.
• Insider trading activity included the sale of shares by executives, with a total of 15,102 shares valued at over $1 million sold in the last quarter.

Patton Fund Management Inc. trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 93.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,370 shares of the credit services provider's stock after selling 47,625 shares during the quarter. Patton Fund Management Inc.'s holdings in PayPal were worth $250,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Kathmere Capital Management LLC acquired a new stake in shares of PayPal in the second quarter valued at about $325,000. Falcon Wealth Planning grew its stake in shares of PayPal by 2.5% in the second quarter. Falcon Wealth Planning now owns 6,295 shares of the credit services provider's stock valued at $468,000 after buying an additional 156 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its stake in shares of PayPal by 239.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 1,780 shares of the credit services provider's stock valued at $132,000 after buying an additional 1,255 shares in the last quarter. American National Bank & Trust grew its stake in shares of PayPal by 52.5% in the second quarter. American National Bank & Trust now owns 610 shares of the credit services provider's stock valued at $45,000 after buying an additional 210 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG acquired a new stake in shares of PayPal in the second quarter valued at about $363,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent research reports. Barclays reiterated an "overweight" rating on shares of PayPal in a research note on Tuesday, July 29th. Truist Financial initiated coverage on PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 target price for the company. Piper Sandler set a $74.00 target price on PayPal in a research note on Tuesday, July 29th. BMO Capital Markets reiterated a "market perform" rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price objective on PayPal in a research note on Tuesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, PayPal has an average rating of "Hold" and an average target price of $84.50.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred 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 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 filing with the SEC, which is available at the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was 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 approximately $1,174,279.68. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock valued at $1,046,607 in the last quarter. Insiders own 0.08% of the company's stock.

PayPal Trading Up 0.8%

NASDAQ:PYPL opened at $67.30 on Friday. 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 business's 50 day moving average is $69.51 and its two-hundred day moving average is $69.32. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a market cap of $64.30 billion, a PE ratio of 14.38, a P/E/G ratio of 1.04 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same quarter last year, the business posted $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. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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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