PayPal Holdings, Inc. $PYPL Shares Sold by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC reduced its holdings in PayPal by 16.7%, selling 4,412 shares to end with a total of 22,070 shares valued at approximately $1.64 million.
• Insider sales have occurred, with Diego Scotti and Suzan Kereere selling 3,838 and 4,162 shares respectively, representing decreases in their ownership by 18.43% and 7.91%.
• PayPal analysts maintain a consensus price target of $84.50 with ratings suggesting a balanced outlook, including 17 Buy ratings and 15 Hold ratings.

Belpointe Asset Management LLC reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 16.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 22,070 shares of the credit services provider's stock after selling 4,412 shares during the period. Belpointe Asset Management LLC's holdings in PayPal were worth $1,640,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC lifted 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 buying an additional 363 shares during the last quarter. Hilltop National Bank acquired a new position in shares of PayPal in the 2nd quarter valued at $27,000. Garde Capital Inc. purchased a new stake in PayPal in the 1st quarter valued at $28,000. Tsfg LLC raised its position in PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd boosted its stake in PayPal by 41.2% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock worth $31,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

In related news, EVP Diego Scotti sold 3,838 shares of the company'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 in the company, valued at $1,174,279.68. This represents a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the insider directly owned 48,483 shares of the company's stock, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on PYPL. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of PayPal in a report on Tuesday, July 29th. Piper Sandler set a $74.00 price objective on PayPal in a research note on Tuesday, July 29th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $88.00 target price on shares of PayPal in a research note on Thursday, June 26th. Macquarie restated an "outperform" rating and set a $95.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of PayPal in a research report on Saturday, September 27th. Seventeen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $84.50.

PayPal Stock Up 2.9%

PayPal stock opened at $71.29 on Tuesday. The stock's 50 day moving average price is $68.54 and its 200 day moving average price is $69.31. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a market cap of $68.11 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.44. 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 released 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 during the quarter, compared to the consensus estimate of $8.08 billion. During the same quarter last 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. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Company 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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