PayPal Holdings, Inc. $PYPL Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its stake in PayPal Holdings, Inc. by 21.7% during the second quarter, now owning 192,068 shares valued at approximately $14.3 million.
• Several institutional investors, including Gordian Capital Singapore Pte Ltd and GSB Wealth Management LLC, have also increased their holdings in PayPal, underscoring a growing institutional interest in the stock.
• PayPal recently reported $1.40 EPS for the quarter, surpassing analysts' estimates, with revenue of $8.29 billion, and the stock currently holds a consensus price target of $84.50.

QRG Capital Management Inc. increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 21.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,068 shares of the credit services provider's stock after acquiring an additional 34,250 shares during the period. QRG Capital Management Inc.'s holdings in PayPal were worth $14,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gordian Capital Singapore Pte Ltd grew its holdings in PayPal by 41.2% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock worth $31,000 after acquiring an additional 138 shares during the period. GSB Wealth Management LLC grew its holdings in PayPal by 1.7% in the second quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider's stock valued at $606,000 after purchasing an additional 140 shares during the period. CreativeOne Wealth LLC grew its holdings in PayPal by 1.5% in the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider's stock valued at $613,000 after purchasing an additional 142 shares during the period. Pitti Group Wealth Management LLC grew its holdings in PayPal by 1.5% in the second quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider's stock valued at $761,000 after purchasing an additional 147 shares during the period. Finally, MONECO Advisors LLC grew its holdings in PayPal by 0.8% in the first quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider's stock valued at $1,334,000 after purchasing an additional 154 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the sale, the insider owned 48,483 shares in the company, valued at $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Chris Natali sold 7,102 shares of PayPal 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 disclosure for this sale can be found here. Insiders have sold 15,102 shares of company stock worth $1,046,607 over the last quarter. 0.08% of the stock is currently owned by company insiders.

PayPal Price Performance

NASDAQ:PYPL opened at $69.25 on Friday. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week 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. The company has a market capitalization of $66.16 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.07 and a beta of 1.44. The stock's fifty day moving average is $68.68 and its two-hundred day moving average is $69.30.

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

Analysts Set New Price Targets

Several brokerages have commented on PYPL. Piper Sandler set a $74.00 price objective on PayPal in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on PayPal in a report on Tuesday, July 29th. Wall Street Zen lowered PayPal from a "buy" rating to a "hold" rating in a report on Saturday. Morgan Stanley reissued a "positive" rating on shares of PayPal in a report on Wednesday, July 30th. Finally, Barclays reissued an "overweight" rating on shares of PayPal in a report on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $84.50.

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.

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