PayPal Holdings, Inc. $PYPL Shares Acquired by Allstate Corp

Key Points

• Allstate Corp raised its stake in PayPal Holdings by 36.0% during the first quarter, owning 39,202 shares valued at $2.56 million.
• Institutional investors and hedge funds now control 68.32% of PayPal’s stock, reflecting increased confidence in the company.
• PayPal reported $1.40 EPS for its last quarter, exceeding expectations, and has projected Q3 2025 EPS guidance of 1.180-1.220.

Allstate Corp increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 36.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,202 shares of the credit services provider's stock after purchasing an additional 10,380 shares during the quarter. Allstate Corp's holdings in PayPal were worth $2,558,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal in the 4th quarter valued at about $25,000. Bernard Wealth Management Corp. acquired a new position in PayPal in the fourth quarter valued at approximately $34,000. Pinney & Scofield Inc. acquired a new position in PayPal in the fourth quarter valued at approximately $35,000. Evermay Wealth Management LLC increased its stake in PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 363 shares during the last quarter. Finally, Garde Capital Inc. acquired a new stake in PayPal during the first quarter worth approximately $28,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BMO Capital Markets reiterated a "market perform" rating on shares of PayPal in a research note on Tuesday, July 29th. Piper Sandler set a $74.00 target price on PayPal in a research report on Tuesday, July 29th. Robert W. Baird boosted their target price on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Seaport Res Ptn upgraded PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Finally, UBS Group cut their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $85.00.

PayPal Stock Performance

NASDAQ:PYPL opened at $69.90 on Friday. 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 firm has a market cap of $66.78 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.04 and a beta of 1.42. The firm's fifty day moving average price is $72.07 and its 200 day moving average price is $70.32. 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 released 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. The firm had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same quarter in the prior year, the business 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. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity

In other news, EVP Diego Scotti sold 3,838 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the sale, the executive vice president owned 16,989 shares in the company, valued at approximately $1,174,279.68. The trade was a 18.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Suzan Kereere sold 4,162 shares of the company'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 sale, the insider directly owned 48,483 shares of the company's stock, valued at approximately $3,364,235.37. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,898 shares of company stock worth $1,909,636 in the last three months. 0.08% of the stock is owned by insiders.

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.

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