PayPal Holdings, Inc. $PYPL Stock Position Lessened by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in PayPal by 2.1%, now owning 182,157 shares valued at approximately $11.9 million.
• Multiple investors have adjusted their stakes in PayPal, with Allianz SE increasing its holdings by 281.8% while hedge funds and institutional investors own 68.32% of the company's stock.
• PayPal's latest earnings report exceeded expectations, with earnings per share of $1.40 against an estimate of $1.30, alongside a revenue of $8.29 billion.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 2.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 182,157 shares of the credit services provider's stock after selling 3,820 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in PayPal were worth $11,886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Nuveen LLC purchased a new position in shares of PayPal in the first quarter valued at $529,264,000. Goldman Sachs Group Inc. lifted its holdings in PayPal by 44.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock worth $558,499,000 after buying an additional 2,638,815 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in PayPal by 124.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock worth $228,206,000 after buying an additional 1,936,520 shares in the last quarter. Deutsche Bank AG boosted its position in PayPal by 19.1% in the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock valued at $733,294,000 after buying an additional 1,798,330 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of PayPal by 19.0% during the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock valued at $892,953,000 after acquiring an additional 1,669,908 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

PayPal stock traded up $0.70 during mid-day trading on Tuesday, reaching $70.18. The company's stock had a trading volume of 9,462,295 shares, compared to its average volume of 12,555,538. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The business has a 50 day moving average price of $72.00 and a 200-day moving average price of $70.14. The firm has a market cap of $67.05 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.07 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. 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. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on PYPL. JMP Securities cut their price target on PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research note on Wednesday, July 30th. Truist Financial started coverage on PayPal in a report on Monday, June 2nd. They set a "sell" rating and a $68.00 price objective on the stock. UBS Group cut their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Barclays reiterated an "overweight" rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $85.00.

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director directly owned 13,976 shares in the company, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the sale, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,898 shares of company stock valued at $1,909,636 over the last three months. 0.08% of the stock is owned by company insiders.

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.