Amundi Has $542.38 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

Key Points

• Amundi has reduced its stake in PayPal Holdings, Inc. by 8.5%, now owning approximately 8.8 million shares valued at $542.4 million as of the latest SEC filing.
• PayPal's recent quarterly earnings exceeded expectations, reporting $1.40 EPS compared to a consensus estimate of $1.30, with revenues reaching $8.29 billion.
• Institutional investors control 68.32% of PayPal's stock, with several firms increasing their positions notably, including a 131.7% increase by Federation des caisses Desjardins du Quebec.

Amundi decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,789,064 shares of the credit services provider's stock after selling 819,816 shares during the quarter. Amundi owned 0.90% of PayPal worth $542,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in PayPal by 0.3% in the first quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider's stock worth $5,625,976,000 after purchasing an additional 276,339 shares during the period. Deutsche Bank AG raised its holdings in PayPal by 19.1% in the first quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock worth $733,294,000 after purchasing an additional 1,798,330 shares during the period. Invesco Ltd. raised its stake in PayPal by 14.9% during the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider's stock worth $620,924,000 after buying an additional 1,232,155 shares during the period. Goldman Sachs Group Inc. raised its stake in PayPal by 44.6% during 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 during the period. Finally, Nuveen LLC acquired a new stake in PayPal during the 1st quarter worth $529,264,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PYPL. Deutsche Bank Aktiengesellschaft set a $75.00 price target on PayPal in a research report on Tuesday, July 29th. Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. Macquarie restated an "outperform" rating and set a $95.00 target price on shares of PayPal in a report on Wednesday, July 30th. Canaccord Genuity Group restated a "buy" rating and set a $96.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Finally, JMP Securities dropped their price objective on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a report on Wednesday, July 30th. Seventeen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $85.00.

PayPal Stock Down 0.3%

Shares of NASDAQ:PYPL traded down $0.20 during trading on Friday, hitting $68.26. 7,781,299 shares of the company were exchanged, compared to its average volume of 11,046,886. The stock has a market cap of $65.21 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.08 and a beta of 1.43. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The firm has a fifty day moving average price of $71.77 and a two-hundred day moving average price of $69.83. 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 (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 analysts' consensus estimates 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 net margin of 14.49% and a return on equity of 25.35%. During the same period in the previous year, the company 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. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, 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 transaction of $265,282.56. Following the transaction, the executive vice president owned 16,989 shares of the company's stock, valued at $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were 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 represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock valued at $1,046,607 over the last 90 days. 0.08% of the stock is currently owned by 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.