OMERS ADMINISTRATION Corp Boosts Stock Holdings in PayPal Holdings, Inc. $PYPL

Key Points

• OMERS ADMINISTRATION Corp increased its stake in PayPal Holdings, Inc. by 13.9%, now owning 68,010 shares valued at approximately $4.4 million.
• Multiple hedge funds have also adjusted their positions in PayPal, with significant increases from Goldman Sachs (44.6%) and Assenagon Asset Management (124.1%).
• Wall Street analysts maintain a consensus rating of "Hold" for PayPal, while 17 analysts have a Buy rating and an average price target of $85.00.

OMERS ADMINISTRATION Corp raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 68,010 shares of the credit services provider's stock after acquiring an additional 8,321 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in PayPal were worth $4,438,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PYPL. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the 4th quarter worth approximately $25,000. Bernard Wealth Management Corp. acquired a new stake in shares of PayPal during the 4th quarter worth approximately $34,000. Pinney & Scofield Inc. acquired a new stake in shares of PayPal during the 4th quarter worth approximately $35,000. Evermay Wealth Management LLC grew its position in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after buying an additional 363 shares during the period. Finally, Garde Capital Inc. acquired a new stake in shares of PayPal during the 1st quarter worth approximately $28,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 0.2%

Shares of NASDAQ PYPL traded up $0.13 during trading on Friday, reaching $70.19. The company had a trading volume of 5,634,121 shares, compared to its average volume of 9,738,690. The business's 50-day moving average is $72.06 and its 200 day moving average is $70.04. The stock has a market cap of $67.06 billion, a PE ratio of 15.00, a P/E/G ratio of 1.08 and a beta of 1.42. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly 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. 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 period in the previous year, the firm 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. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley reissued a "positive" rating on shares of PayPal in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a report on Tuesday, July 29th. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Truist Financial initiated coverage on PayPal in a research report on Monday, June 2nd. They set a "sell" rating and a $68.00 price target for the company. Finally, Piper Sandler set a $74.00 price objective on PayPal in a report on Tuesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.00.

Insiders Place Their Bets

In related news, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,898 shares of company stock valued at $1,909,636. 0.08% of the stock is currently owned by corporate insiders.

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.