PayPal Holdings, Inc. $PYPL Shares Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 371.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,158 shares of the credit services provider's stock after purchasing an additional 4,852 shares during the period. Kestra Investment Management LLC's holdings in PayPal were worth $401,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Security National Bank of SO Dak boosted its position in PayPal by 1.1% in the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock valued at $1,041,000 after buying an additional 137 shares during the period. Gordian Capital Singapore Pte Ltd boosted its position in PayPal by 41.2% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock valued at $31,000 after buying an additional 138 shares during the period. CreativeOne Wealth LLC boosted its position in PayPal by 1.5% in the 1st quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider's stock valued at $613,000 after buying an additional 142 shares during the period. Redwood Financial Network Corp boosted its position in PayPal by 4.8% in the 4th quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock valued at $274,000 after buying an additional 147 shares during the period. Finally, MONECO Advisors LLC boosted its position in PayPal by 0.8% in the 1st quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider's stock valued at $1,334,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Activity at PayPal

In related news, CAO Chris Natali sold 7,102 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total transaction of $288,801.18. Following the completion of 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 sold a total of 15,102 shares of company stock valued at $1,046,607 over the last ninety days. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent research reports. BMO Capital Markets reissued a "market perform" rating on shares of PayPal in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a research report on Tuesday, July 29th. Barclays reissued an "overweight" rating on shares of PayPal in a research report on Tuesday, July 29th. Morgan Stanley reaffirmed a "positive" rating on shares of PayPal in a research report on Wednesday, July 30th. Finally, Piper Sandler set a $74.00 price objective on shares of PayPal in a research report on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $85.00.

PayPal Price Performance

PayPal stock opened at $68.40 on Tuesday. The stock has a market cap of $65.35 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. The company has a fifty day simple moving average of $71.54 and a 200-day simple moving average of $69.60. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. 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 (NASDAQ:PYPL - Get Free Report) last announced 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. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The firm had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. During the same period in the previous year, the company 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. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.