PayPal Holdings, Inc. $PYPL Shares Purchased by Shariaportfolio Inc.

Key Points

• Shariaportfolio Inc. increased its stake in PayPal Holdings, Inc. by 52% in the second quarter, holding 30,437 shares now valued at approximately $2.26 million.
• PayPal's recent quarterly earnings exceeded expectations, reporting an EPS of $1.40 against a consensus estimate of $1.30 and revenue of $8.29 billion compared to $8.08 billion expected.
• Analysts show a mixed outlook for PayPal, with a consensus rating of "Hold" and an average price target of $84.50, while several firms maintain "buy" ratings with targets up to $96.00.

Shariaportfolio Inc. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 52.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,437 shares of the credit services provider's stock after purchasing an additional 10,419 shares during the period. PayPal accounts for 1.0% of Shariaportfolio Inc.'s portfolio, making the stock its 13th largest position. Shariaportfolio Inc.'s holdings in PayPal were worth $2,262,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Evermay Wealth Management LLC increased its position in shares of 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 acquiring an additional 363 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of PayPal in the second quarter worth $27,000. Garde Capital Inc. acquired a new stake in shares of PayPal in the first quarter worth $28,000. Tsfg LLC increased its position in shares of 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 acquiring an additional 200 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd increased its position in shares of 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 acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Trading Up 4.7%

NASDAQ PYPL opened at $74.61 on Wednesday. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. 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 has a market capitalization of $71.28 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. The company's fifty day moving average price is $68.60 and its two-hundred day moving average price is $69.35.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data 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 net margin of 14.49% and a return on equity of 25.35%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the prior year, the firm posted $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, research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, EVP Diego Scotti sold 3,838 shares of PayPal 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 completion of the transaction, the executive vice president directly owned 16,989 shares in the company, valued at $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction that occurred on 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 transaction, the insider owned 48,483 shares of the company's stock, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,102 shares of company stock valued at $1,046,607 over the last quarter. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group reissued a "buy" rating and issued a $96.00 price objective on shares of PayPal in a research report on Wednesday, July 30th. Rothschild & Co Redburn raised their price target on shares of PayPal from $66.00 to $70.00 and gave the company a "neutral" rating in a report on Tuesday, September 16th. Citigroup reaffirmed a "buy" rating on shares of PayPal in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a report on Tuesday, July 29th. Finally, Macquarie reaffirmed an "outperform" rating and set a $95.00 price target on shares of PayPal in a report on Wednesday, July 30th. Seventeen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $84.50.

PayPal 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.