PayPal Holdings, Inc. $PYPL Shares Sold by ARK Investment Management LLC

Key Points

• ARK Investment Management LLC has reduced its stake in PayPal Holdings, Inc. by 4.9%, now holding 157,336 shares valued at approximately $11.7 million.
• Recent equity reports indicate a mixed outlook for PayPal, with Wall Street Zen downgrading its rating from "buy" to "hold," while other firms have set price objectives ranging from $66 to $88.
• Corporate insiders sold a total of 15,102 shares of PayPal stock valued at over $1 million in the last quarter, indicating a notable decrease in their ownership stakes.

ARK Investment Management LLC reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,336 shares of the credit services provider's stock after selling 8,158 shares during the period. ARK Investment Management LLC's holdings in PayPal were worth $11,693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Evermay Wealth Management LLC boosted its stake in PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after acquiring an additional 363 shares during the period. Hilltop National Bank acquired a new position in PayPal in the second quarter valued at approximately $27,000. Tsfg LLC boosted its stake in PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after acquiring an additional 200 shares during the period. Gordian Capital Singapore Pte Ltd boosted its stake in PayPal by 41.2% in the first 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 period. Finally, Cornerstone Planning Group LLC boosted its stake in PayPal by 41.7% in the first quarter. Cornerstone Planning Group LLC now owns 666 shares of the credit services provider's stock valued at $42,000 after acquiring an additional 196 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PYPL shares. Wall Street Zen downgraded PayPal from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. Rothschild & Co Redburn boosted their price objective on PayPal from $66.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on PayPal in a research report on Tuesday, July 29th. Royal Bank Of Canada reiterated an "outperform" rating and set a $88.00 price objective on shares of PayPal in a research report on Thursday, June 26th. Finally, Piper Sandler set a $74.00 price objective on PayPal in a research report on Tuesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $83.44.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 4,162 shares of the business'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 transaction of $288,801.18. Following the sale, the insider owned 48,483 shares of the company's stock, valued at $3,364,235.37. The trade was 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 the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the business's 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 sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,174,279.68. The trade was a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock valued at $1,046,607 over the last quarter. Corporate insiders own 0.08% of the company's stock.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $70.05 on Wednesday. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The stock has a market cap of $66.92 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.07 and a beta of 1.44. The stock's 50 day moving average price is $68.98 and its 200 day moving average price is $69.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

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

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