PayPal Holdings, Inc. $PYPL Holdings Raised by Greatmark Investment Partners Inc.

Key Points

• Greatmark Investment Partners Inc. increased its stake in PayPal Holdings by 9.1%, bringing its total to 303,113 shares, valued at approximately $22.5 million.
• PayPal's recent quarterly earnings surpassed analyst expectations, reporting $1.40 EPS against an expected $1.30, alongside revenues of $8.29 billion.
• Institutional investors now hold 68.32% of PayPal's stock, indicating strong support from major financial players.

Greatmark Investment Partners Inc. increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 9.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 303,113 shares of the credit services provider's stock after purchasing an additional 25,376 shares during the quarter. PayPal accounts for about 2.8% of Greatmark Investment Partners Inc.'s investment portfolio, making the stock its 11th largest holding. Greatmark Investment Partners Inc.'s holdings in PayPal were worth $22,527,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of PayPal by 0.3% during the first quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider's stock valued at $5,625,976,000 after buying an additional 276,339 shares during the last quarter. Deutsche Bank AG grew its position in PayPal by 19.1% in the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock valued at $733,294,000 after buying an additional 1,798,330 shares in the last quarter. Invesco Ltd. increased its stake in PayPal by 14.9% during the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider's stock valued at $620,924,000 after buying an additional 1,232,155 shares during the period. Goldman Sachs Group Inc. raised its position in shares of PayPal by 44.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock worth $558,499,000 after buying an additional 2,638,815 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of PayPal in the 1st quarter worth approximately $529,264,000. Institutional investors own 68.32% of the company's stock.

PayPal Trading Up 1.2%

NASDAQ:PYPL opened at $70.05 on Wednesday. The stock has a fifty day simple moving average of $68.98 and a 200 day simple moving average of $69.60. 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 firm has a market capitalization of $66.92 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.07 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $8.08 billion. During the same period 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 forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the transaction, the insider owned 48,483 shares in the company, valued at $3,364,235.37. This represents a 7.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction that occurred 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. In the last three months, insiders have sold 15,102 shares of company stock worth $1,046,607. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PYPL. Wall Street Zen cut shares of PayPal from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. Barclays reaffirmed an "overweight" rating on shares of PayPal in a research note on Tuesday, July 29th. BMO Capital Markets reissued a "market perform" rating on shares of PayPal in a research note on Tuesday, July 29th. KeyCorp reaffirmed a "sector weight" rating on shares of PayPal in a research note on Wednesday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of PayPal in a research report on Wednesday, October 8th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $83.44.

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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