QSM Asset Management Ltd Has $8.06 Million Stock Holdings in PayPal Holdings, Inc. $PYPL

Key Points

• QSM Asset Management Ltd reduced its holdings in PayPal Holdings, Inc. by 10.0% in the second quarter, now owning 108,478 shares valued at approximately $8.06 million.
• PayPal's stock currently has a market capitalization of $64.66 billion and has a year-high of $93.66 and lows of $55.85 within the past year.
• Analysts have mixed ratings for PayPal, with a consensus hold rating and an average target price of $84.50, while Canaccord Genuity Group recently set a target of $96.00 with a buy rating.

QSM Asset Management Ltd lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,478 shares of the credit services provider's stock after selling 12,053 shares during the period. PayPal makes up about 7.4% of QSM Asset Management Ltd's portfolio, making the stock its 4th largest holding. QSM Asset Management Ltd's holdings in PayPal were worth $8,063,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd lifted its holdings 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 acquiring an additional 138 shares during the period. GSB Wealth Management LLC lifted its holdings in shares of PayPal by 1.7% during the 2nd quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider's stock worth $606,000 after acquiring an additional 140 shares during the period. CreativeOne Wealth LLC lifted its holdings in shares of PayPal by 1.5% during the 1st quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider's stock worth $613,000 after acquiring an additional 142 shares during the period. MONECO Advisors LLC lifted its holdings in shares of PayPal by 0.8% during the 1st quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider's stock worth $1,334,000 after acquiring an additional 154 shares during the period. Finally, DMC Group LLC lifted its holdings in shares of PayPal by 2.0% during the 1st quarter. DMC Group LLC now owns 7,948 shares of the credit services provider's stock worth $519,000 after acquiring an additional 155 shares during the period. Institutional investors own 68.32% of the company's stock.

PayPal Stock Down 0.8%

Shares of NASDAQ PYPL opened at $67.68 on Tuesday. The stock has a market capitalization of $64.66 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.05 and a beta of 1.43. The company has a 50-day moving average price of $70.01 and a 200-day moving average price of $69.36. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating 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 net margin of 14.49% and a return on equity of 25.35%. During the same period last 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. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In other news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the transaction, the executive vice president directly owned 16,989 shares in the company, valued at $1,174,279.68. This trade represents 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, CAO Chris Natali sold 7,102 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were 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. Insiders sold 15,102 shares of company stock worth $1,046,607 over the last three months. 0.08% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 price target on shares of PayPal in a report on Wednesday, July 30th. Rothschild & Co Redburn upped their price objective 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. Truist Financial started coverage on shares of PayPal in a research report on Monday, June 2nd. They issued a "sell" rating and a $68.00 price target for the company. Royal Bank Of Canada restated an "outperform" rating and issued a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. Finally, JMP Securities decreased their price target 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. Seventeen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $84.50.

PayPal 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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