Freestone Capital Holdings LLC Cuts Stock Holdings in PayPal Holdings, Inc. $PYPL

Key Points

• Freestone Capital Holdings LLC has reduced its holdings in PayPal by 19.8%, now owning 36,683 shares worth approximately $2,394,000.
• PayPal reported $1.40 EPS in its latest quarterly earnings, surpassing analysts' expectations of $1.30 EPS with a revenue of $8.29 billion.
• Institutional investors and hedge funds currently hold 68.32% of PayPal's stock, indicating strong market interest in the company.

Freestone Capital Holdings LLC reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 19.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 36,683 shares of the credit services provider's stock after selling 9,068 shares during the quarter. Freestone Capital Holdings LLC's holdings in PayPal were worth $2,394,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Allianz SE increased its stake in PayPal by 281.8% in the 1st quarter. Allianz SE now owns 30,338 shares of the credit services provider's stock valued at $1,980,000 after buying an additional 22,392 shares during the period. J. Goldman & Co LP increased its stake in PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after buying an additional 27,812 shares during the period. Nuveen LLC acquired a new position in PayPal in the 1st quarter valued at $529,264,000. Proffitt & Goodson Inc. acquired a new position in PayPal in the 1st quarter valued at $535,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in PayPal by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider's stock valued at $651,619,000 after buying an additional 1,114,858 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Piper Sandler set a $74.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $88.00 price target on shares of PayPal in a research note on Thursday, June 26th. JMP Securities lowered their price target on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a research note on Tuesday, July 29th. Finally, Citigroup reaffirmed a "buy" rating on shares of PayPal in a research note on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, PayPal has an average rating of "Hold" and an average price target of $85.00.

Insider Activity

In other news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director directly owned 13,976 shares in the company, valued at $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Chris Natali sold 7,102 shares of PayPal stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.35, for a total transaction of $492,523.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,736 shares of company stock valued at $1,620,835. 0.08% of the stock is owned by corporate insiders.

PayPal Price Performance

Shares of PayPal stock traded down $0.9080 on Wednesday, hitting $68.1420. The company's stock had a trading volume of 6,426,745 shares, compared to its average volume of 11,163,515. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average price of $72.36 and a 200-day moving average price of $70.54. The company has a market capitalization of $65.10 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.07 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same period in the previous year, the firm earned $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. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

About PayPal

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.