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PayPal Holdings, Inc. $PYPL Shares Sold by Mattson Financial Services LLC

PayPal logo with Business Services background

Key Points

  • Mattson Financial Services LLC reduced its stake in PayPal Holdings, Inc. by 11.9%, owning 32,774 shares after selling 4,439 shares in the second quarter.
  • Analysts have set a consensus target price of $83.50 for PayPal stock, with varied ratings ranging from "Buy" to "Sell" from multiple institutions.
  • PayPal's last quarterly earnings showed a profit of $1.40 per share, surpassing expectations while revenue reached $8.29 billion.
  • Five stocks to consider instead of PayPal.

Mattson Financial Services LLC lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,774 shares of the credit services provider's stock after selling 4,439 shares during the quarter. Mattson Financial Services LLC's holdings in PayPal were worth $2,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PYPL. AQR Capital Management LLC increased its position in PayPal by 15.8% during the 1st quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider's stock worth $224,001,000 after purchasing an additional 476,763 shares in the last quarter. Thompson Investment Management Inc. increased its position in PayPal by 2.8% during the 2nd quarter. Thompson Investment Management Inc. now owns 154,991 shares of the credit services provider's stock worth $11,519,000 after purchasing an additional 4,165 shares in the last quarter. Kathmere Capital Management LLC acquired a new stake in PayPal during the 2nd quarter worth approximately $325,000. Allianz SE increased its position in PayPal by 281.8% during the 1st quarter. Allianz SE now owns 30,338 shares of the credit services provider's stock worth $1,980,000 after purchasing an additional 22,392 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in PayPal during the 1st quarter worth approximately $529,264,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PYPL shares. JMP Securities dropped their target price on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research report on Wednesday, July 30th. Rothschild & Co Redburn increased their target price on shares of PayPal from $66.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 16th. Morgan Stanley reissued a "positive" rating on shares of PayPal in a research report on Wednesday, July 30th. The Goldman Sachs Group set a $70.00 target price on shares of PayPal and gave the stock a "sell" rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of PayPal in a research report on Tuesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $83.50.

Check Out Our Latest Report on PayPal

PayPal Stock Down 2.8%

NASDAQ PYPL opened at $66.05 on Friday. The stock has a market cap of $63.10 billion, a PE ratio of 14.11, a P/E/G ratio of 1.05 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The business has a 50 day moving average price of $68.90 and a two-hundred day moving average price of $69.44. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. The firm 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 in the prior year, the business 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. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In other news, insider Suzan Kereere sold 4,162 shares of the 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 transaction, the insider directly owned 48,483 shares in the company, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the transaction, the executive vice president owned 16,989 shares of the company's stock, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is currently owned by insiders.

PayPal Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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