PayPal Holdings, Inc. $PYPL Shares Acquired by Verdence Capital Advisors LLC

Key Points

• Verdence Capital Advisors LLC increased its stake in PayPal by 47.8%, owning a total of 27,419 shares valued at approximately $2.04 million after acquiring an additional 8,872 shares in the second quarter.
• Multiple other hedge funds have also significantly increased their positions in PayPal, with the overall institutional ownership in the company currently at 68.32%.
• PayPal reported strong earnings for the last quarter, with $1.40 earnings per share, surpassing analyst estimates of $1.30 and generating $8.29 billion in revenue.

Verdence Capital Advisors LLC increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 47.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,419 shares of the credit services provider's stock after purchasing an additional 8,872 shares during the period. Verdence Capital Advisors LLC's holdings in PayPal were worth $2,038,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Evermay Wealth Management LLC grew 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 worth $27,000 after purchasing an additional 363 shares in the last quarter. Hilltop National Bank acquired a new position in PayPal in the second quarter worth about $27,000. Garde Capital Inc. acquired a new position in PayPal in the first quarter worth about $28,000. Tsfg LLC grew its stake in PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its stake in PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock worth $31,000 after purchasing an additional 138 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Chris Natali sold 7,102 shares of PayPal 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the business's 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 sale, the executive vice president directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,102 shares of company stock valued at $1,046,607. Insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen downgraded PayPal from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a research note on Tuesday, July 29th. Citigroup restated a "buy" rating on shares of PayPal in a research note on Tuesday, July 29th. Canaccord Genuity Group restated a "buy" rating and issued a $96.00 target price on shares of PayPal in a research note on Wednesday, July 30th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of PayPal in a research note on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $83.50.

PayPal Stock Performance

PYPL opened at $68.86 on Tuesday. The business's 50 day moving average is $68.94 and its 200-day moving average is $69.45. The stock has a market cap of $65.79 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. The company had revenue of $8.29 billion for 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 previous year, the company 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, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Company 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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