PayPal Holdings, Inc. $PYPL Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. reduced its holdings in PayPal by 10.7% during the first quarter, now owning 135,201 shares valued at approximately $8.82 million.
• Other institutional investors, including Goldman Sachs and Assenagon Asset Management, have significantly increased their stakes in PayPal, indicating growing institutional interest in the company.
• PayPal reported better-than-expected earnings, with $1.40 EPS for the last quarter, exceeding the consensus estimate of $1.30, and setting a FY 2025 guidance for EPS at 5.150-5.300.

Candriam S.C.A. reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,201 shares of the credit services provider's stock after selling 16,257 shares during the quarter. Candriam S.C.A.'s holdings in PayPal were worth $8,822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PYPL. Nuveen LLC acquired a new position in PayPal in the first quarter valued at $529,264,000. Goldman Sachs Group Inc. increased its stake in PayPal by 44.6% in the first quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock valued at $558,499,000 after purchasing an additional 2,638,815 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in PayPal by 124.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock valued at $228,206,000 after purchasing an additional 1,936,520 shares during the last quarter. Deutsche Bank AG grew its position in PayPal by 19.1% during the first quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock valued at $733,294,000 after acquiring an additional 1,798,330 shares during the period. Finally, Northern Trust Corp grew its position in 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 during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Chris Natali sold 7,102 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director owned 13,976 shares in the company, valued at $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,898 shares of company stock worth $1,909,636. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. JMP Securities lowered their price target on PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research report on Wednesday, July 30th. BMO Capital Markets reissued a "market perform" rating on shares of PayPal in a research report on Tuesday, July 29th. Citigroup reissued a "buy" rating on shares of PayPal in a research report on Tuesday, July 29th. Finally, UBS Group lowered their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $85.00.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $67.55 on Friday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The business has a 50-day moving average of $72.09 and a 200-day moving average of $70.37. 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 has a market capitalization of $64.54 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.05 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same quarter in the prior year, the business 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, equities analysts anticipate 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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