PayPal Holdings, Inc. $PYPL Shares Sold by Atwood & Palmer Inc.

Key Points

• Atwood & Palmer Inc. dramatically reduced its stake in PayPal Holdings by 99.5%, selling 250,289 shares, leaving it with only 1,337 shares valued at about $99,000.
• PayPal's stock has received multiple "buy" ratings from analysts, with a current consensus rating of "Hold" and an average price target of $85.00.
• Insider trading activity showed significant sales, with executives Suzan Kereere and Diego Scotti selling shares valued at approximately $288,801 and $265,000, respectively, indicating a decline in their ownership percentages.

Atwood & Palmer Inc. trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 99.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,337 shares of the credit services provider's stock after selling 250,289 shares during the quarter. Atwood & Palmer Inc.'s holdings in PayPal were worth $99,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the 4th quarter worth about $25,000. Bernard Wealth Management Corp. acquired a new stake in shares of PayPal during the 4th quarter worth about $34,000. Pinney & Scofield Inc. acquired a new stake in shares of PayPal during the 4th quarter worth about $35,000. Evermay Wealth Management LLC increased its position in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after purchasing an additional 363 shares during the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of PayPal during the 1st quarter worth about $28,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PYPL shares. Citigroup reissued a "buy" rating on shares of PayPal in a research report on Tuesday, July 29th. 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. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Piper Sandler set a $74.00 target price on PayPal in a report on Tuesday, July 29th. Finally, Morgan Stanley restated a "positive" rating on shares of PayPal in a report on Wednesday, July 30th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, PayPal presently has a consensus rating of "Hold" and an average price target of $85.00.

Insider Activity

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 completion of 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, 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 owned 16,989 shares of the company's stock, 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. In the last quarter, insiders sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is currently owned by company insiders.

PayPal Stock Performance

Shares of PayPal stock opened at $66.89 on Monday. The business has a 50-day moving average of $70.81 and a 200 day moving average of $69.42. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The stock has a market capitalization of $63.91 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.03 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.

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

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.