Meiji Yasuda Asset Management Co Ltd. Raises Stake in PayPal Holdings, Inc. $PYPL

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its stake in PayPal Holdings by 35.2%, now holding 57,756 shares valued at approximately $3.77 million.
• Several institutional investors have also modified their positions, with Clearline Capital LP increasing its stake by 179.8% during the same quarter, now owning 300,340 shares worth $19.6 million.
• PayPal recently reported earnings per share (EPS) of $1.40, surpassing expectations and prompting analysts to set an average price target of $85.00 for the stock.

Meiji Yasuda Asset Management Co Ltd. lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 35.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,756 shares of the credit services provider's stock after buying an additional 15,031 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in PayPal were worth $3,769,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal in the 4th quarter valued at $25,000. Evermay Wealth Management LLC grew its position in shares of PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after buying an additional 363 shares during the last quarter. Garde Capital Inc. purchased a new position in shares of PayPal in the 1st quarter valued at $28,000. Tsfg LLC grew its position in PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd grew its position in PayPal by 41.2% during the 1st 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 during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PYPL stock traded down $2.04 during mid-day trading on Wednesday, hitting $65.64. The stock had a trading volume of 14,338,532 shares, compared to its average volume of 8,721,754. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The firm has a market cap of $62.71 billion, a PE ratio of 14.03, a PEG ratio of 1.05 and a beta of 1.43. 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 company's 50-day simple moving average is $71.18 and its 200-day simple moving average is $69.55.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating the consensus estimate 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 quarter last year, the business 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. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the sale, the insider owned 48,483 shares in the company, valued at $3,364,235.37. This trade represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Natali sold 7,102 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The disclosure for this sale can be found here. Insiders sold 15,102 shares of company stock worth $1,046,607 over the last 90 days. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Piper Sandler set a $74.00 price objective on shares of PayPal in a research report on Tuesday, July 29th. Macquarie reissued an "outperform" rating and set a $95.00 price objective on shares of PayPal in a research report on Wednesday, July 30th. Canaccord Genuity Group reissued a "buy" rating and set a $96.00 price objective on shares of PayPal in a research report on Wednesday, July 30th. Finally, Morgan Stanley reissued a "positive" rating on shares of PayPal in a research report on Wednesday, July 30th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $85.00.

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.