RNC Capital Management LLC Purchases Shares of 11,250 PayPal Holdings, Inc. $PYPL

Key Points

• RNC Capital Management LLC has acquired a new stake in PayPal, purchasing 11,250 shares valued at approximately $836,000 in the second quarter.
• Institutional investors now hold 68.32% of PayPal's stock, indicating significant interest from larger financial entities.
• PayPal's stock recently experienced a 2.8% drop, trading at $68.07, with analysts giving a consensus rating of "Hold" and an average target price of $82.57.

RNC Capital Management LLC purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,250 shares of the credit services provider's stock, valued at approximately $836,000.

A number of other large investors have also made changes to their positions in PYPL. Evermay Wealth Management LLC grew its stake 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 valued at $27,000 after purchasing an additional 363 shares during the period. Hilltop National Bank purchased a new position in shares of PayPal during the 2nd quarter valued at 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 valued at $29,000 after buying an additional 200 shares in 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 valued at $31,000 after buying an additional 138 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of PayPal by 41.7% during the 1st quarter. Cornerstone Planning Group LLC now owns 666 shares of the credit services provider's stock valued at $42,000 after buying an additional 196 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PYPL. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $88.00 price objective on shares of PayPal in a research report on Thursday, June 26th. Barclays reaffirmed an "overweight" rating on shares of PayPal in a research report on Tuesday, July 29th. Macquarie reaffirmed an "outperform" rating and set a $95.00 price objective on shares of PayPal in a research report on Wednesday, July 30th. KeyCorp reissued a "sector weight" rating on shares of PayPal in a report on Wednesday. Finally, Wells Fargo & Company raised PayPal to a "hold" rating in a report on Wednesday. Fifteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of "Hold" and an average target price of $82.57.

PayPal Stock Down 2.8%

NASDAQ PYPL opened at $68.07 on Thursday. The stock's 50 day moving average is $68.92 and its 200 day moving average is $69.59. 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 Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The stock has a market cap of $65.03 billion, a PE ratio of 14.54, a P/E/G ratio of 1.08 and a beta of 1.44.

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, topping the consensus estimate of $1.30 by $0.10. The business had revenue of $8.29 billion for 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 period in the prior year, the firm 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. Research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Transactions at PayPal

In other news, EVP Diego Scotti sold 3,838 shares of the company'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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the sale, the insider directly owned 48,483 shares in the company, valued at $3,364,235.37. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,102 shares of company stock valued at $1,046,607 in the last ninety days. Corporate insiders own 0.08% of the company's stock.

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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