PayPal Holdings, Inc. $PYPL Shares Sold by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. has reduced its holdings in PayPal by 15.5%, now owning approximately 727,875 shares valued at about $47.5 million.
• Other institutional investors, such as Federation des caisses Desjardins du Quebec and Maverick Capital Ltd., have significantly increased their stakes in PayPal, indicating a strong interest among institutional players.
• Analysts have varied views on PayPal, with target prices ranging from $74.00 to $95.00, and a current consensus rating of "Hold" with an average target of $85.00.

Adage Capital Partners GP L.L.C. lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 15.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 727,875 shares of the credit services provider's stock after selling 133,800 shares during the period. Adage Capital Partners GP L.L.C. owned 0.07% of PayPal worth $47,494,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in PayPal in the 4th quarter worth approximately $25,000. Evermay Wealth Management LLC boosted its stake 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 during the period. Garde Capital Inc. purchased a new position in shares of PayPal in the first quarter worth $28,000. Tsfg LLC grew its position in shares of PayPal by 81.6% during the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd boosted its position in shares of PayPal by 41.2% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock valued at $31,000 after acquiring an additional 138 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Activity at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider owned 48,483 shares in the company, valued at $3,364,235.37. This represents a 7.91% decrease in their position. The transaction was disclosed in a legal filing 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 that occurred on 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. Over the last 90 days, insiders have sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on PYPL. Morgan Stanley reaffirmed a "positive" rating on shares of PayPal in a research report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $88.00 price objective on shares of PayPal in a research report on Thursday, June 26th. JMP Securities reduced their price objective on PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research note on Wednesday, July 30th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $96.00 price target on shares of PayPal in a report on Wednesday, July 30th. Finally, Citigroup reaffirmed a "buy" rating on shares of PayPal in a report on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $85.00.

PayPal Stock Down 0.3%

Shares of PYPL traded down $0.20 during mid-day trading on Friday, reaching $68.26. The company's stock had a trading volume of 7,781,299 shares, compared to its average volume of 8,973,464. 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 moving average is $71.66 and its 200 day moving average is $69.76. The stock has a market cap of $65.21 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.06 and a beta of 1.43. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.10. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same period last 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. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.