PayPal Holdings, Inc. $PYPL Shares Purchased by First Manhattan CO. LLC.

Key Points

• First Manhattan Co. LLC increased its stake in PayPal by 19.2% during the first quarter, acquiring an additional 7,825 shares, which brought their total holdings to 48,535 shares valued at approximately $3.17 million.
• A significant share of PayPal is held by institutional investors, with 68.32% of the stock owned by various hedge funds and investment firms, indicating strong institutional interest in the company's performance.
• Analysts have varied ratings for PayPal, with a consensus rating of "Hold" and an average price target of $85.00, influenced by recent adjustments from firms like Wall Street Zen and Macquarie.

First Manhattan CO. LLC. grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 19.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,535 shares of the credit services provider's stock after buying an additional 7,825 shares during the quarter. First Manhattan CO. LLC.'s holdings in PayPal were worth $3,167,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GW Henssler & Associates Ltd. lifted its stake in shares of PayPal by 14.9% during the 1st quarter. GW Henssler & Associates Ltd. now owns 206,276 shares of the credit services provider's stock worth $13,460,000 after purchasing an additional 26,745 shares during the last quarter. Maverick Capital Ltd. boosted its holdings in shares of PayPal by 25.9% in the 1st quarter. Maverick Capital Ltd. now owns 24,334 shares of the credit services provider's stock valued at $1,588,000 after buying an additional 5,007 shares in the last quarter. Evergreen Quality Fund GP Ltd. bought a new stake in shares of PayPal in the 1st quarter valued at about $18,712,000. Focus Partners Advisor Solutions LLC boosted its holdings in shares of PayPal by 146.6% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 16,693 shares of the credit services provider's stock valued at $1,089,000 after buying an additional 9,923 shares in the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in shares of PayPal by 90.5% in the 1st quarter. Graham Capital Management L.P. now owns 135,901 shares of the credit services provider's stock valued at $8,868,000 after buying an additional 64,547 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction dated 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 $3,364,235.37. This trade represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value of $265,282.56. Following the sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. 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 over the last ninety days. Company insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup restated a "buy" rating on shares of PayPal in a report on Tuesday, July 29th. Barclays restated an "overweight" rating on shares of PayPal in a report on Tuesday, July 29th. Seaport Res Ptn raised PayPal from a "strong sell" rating to a "hold" rating in a research report on Monday, July 14th. Truist Financial initiated coverage on PayPal in a research report on Monday, June 2nd. They set a "sell" rating and a $68.00 target price on the stock. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of PayPal in a research report on Tuesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, PayPal presently has a consensus rating of "Hold" and an average target price of $85.00.

PayPal Stock Performance

NASDAQ:PYPL traded down $0.20 during midday trading on Friday, hitting $68.26. The company's stock had a trading volume of 7,709,112 shares, compared to its average volume of 11,035,126. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The firm's 50 day moving average is $71.77 and its 200-day moving average is $69.83. 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 $65.21 billion, a P/E ratio of 14.59, a P/E/G ratio of 1.08 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same quarter in the prior year, the company earned $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. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.