PayPal Holdings, Inc. $PYPL Stock Position Trimmed by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC significantly reduced its stake in PayPal Holdings, Inc. by 62% during the 2nd quarter, leaving them with 22,826 shares worth approximately $1.7 million.
• PayPal reported a quarterly earnings per share (EPS) of $1.40, beating analysts' expectations of $1.30, with revenues of $8.29 billion for the quarter.
• Multiple research firms set new price targets for PayPal, with Canaccord Genuity maintaining a "buy" rating and a price target of $96.00, while the average consensus price target is $85.00.

Procyon Advisors LLC cut its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 62.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,826 shares of the credit services provider's stock after selling 37,253 shares during the quarter. Procyon Advisors LLC's holdings in PayPal were worth $1,696,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in PayPal in the 4th quarter valued at about $25,000. Evermay Wealth Management LLC raised its position in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after buying an additional 363 shares in the last quarter. Garde Capital Inc. bought a new stake in shares of PayPal during the 1st quarter worth about $28,000. Tsfg LLC raised 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 buying an additional 200 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd raised 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 buying an additional 138 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

Shares of PYPL opened at $66.85 on Wednesday. The company's 50 day moving average price is $70.46 and its 200 day moving average price is $69.38. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a market capitalization of $63.87 billion, a PE ratio of 14.28, a PEG ratio of 1.03 and a beta of 1.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the previous year, the firm posted $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. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on PYPL. Canaccord Genuity Group restated a "buy" rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday, July 30th. Piper Sandler set a $74.00 price target on shares of PayPal in a research report on Tuesday, July 29th. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Finally, Truist Financial started coverage on shares of PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 price objective on the stock. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $85.00.

Insider Activity at PayPal

In other PayPal news, CAO Chris Natali sold 7,102 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $265,282.56. Following the completion of the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,102 shares of company stock valued at $1,046,607. Corporate insiders own 0.08% of the company's stock.

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.

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