PayPal Holdings, Inc. $PYPL Shares Sold by Washington Trust Advisors Inc.

Key Points

• Washington Trust Advisors Inc. sold 34,280 shares of PayPal Holdings, Inc., reducing its stake by 23.7%, leaving it with 110,316 shares valued at approximately $8.2 million.
• Insider Suzan Kereere sold 4,162 shares at an average price of $69.39, which marks a 7.91% decrease in ownership, while executive VP Diego Scotti sold 3,838 shares, decreasing his position by 18.43%.
• PayPal received mixed ratings from analysts, with a consensus price target of $82.46 and recent downgrades reflecting a cautious outlook despite the stock's modest performance increase of 2.0% to $71.02.

Washington Trust Advisors Inc. trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 23.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 110,316 shares of the credit services provider's stock after selling 34,280 shares during the quarter. Washington Trust Advisors Inc.'s holdings in PayPal were worth $8,199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PYPL. Evermay Wealth Management LLC grew its holdings in shares of PayPal by 726.0% during 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 in the last quarter. Hilltop National Bank acquired a new stake in shares of PayPal in the second quarter worth about $27,000. Tsfg LLC lifted its position in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in shares of 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 last quarter. Finally, Cornerstone Planning Group LLC increased its stake in PayPal by 41.7% during the first quarter. Cornerstone Planning Group LLC now owns 666 shares of the credit services provider's stock valued at $42,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Activity

In related news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated 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 owned 48,483 shares in the company, valued at approximately $3,364,235.37. This trade represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the business'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 of the company's stock, valued at approximately $1,174,279.68. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,102 shares of company stock worth $1,046,607 in the last quarter. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several recent analyst reports. BMO Capital Markets reissued a "market perform" rating on shares of PayPal in a report on Tuesday, July 29th. Wells Fargo & Company raised PayPal to a "hold" rating in a report on Wednesday. Sanford C. Bernstein reduced their price objective on PayPal from $85.00 to $76.00 in a report on Tuesday. Wall Street Zen downgraded PayPal from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price objective on PayPal in a report on Tuesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, PayPal has an average rating of "Hold" and a consensus price target of $82.46.

PayPal Trading Up 2.0%

PayPal stock traded up $1.36 during mid-day trading on Friday, hitting $71.02. 1,137,642 shares of the company's stock were exchanged, compared to its average volume of 11,513,154. The firm has a market capitalization of $67.85 billion, a P/E ratio of 15.20, a PEG 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 company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The company's 50 day simple moving average is $68.93 and its 200-day simple moving average is $69.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued 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 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 last year, the business 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. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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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