Sequoia Financial Advisors LLC Buys 6,374 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• Sequoia Financial Advisors LLC increased its stake in PayPal by 23.0% during the 2nd quarter, now holding a total of 34,060 shares, valued at approximately $2.53 million.
• PayPal's stock is currently down 1.7%, with a market capitalization of $64.95 billion and a PE ratio of 14.53.
• Insider activity includes sales from executives, with a total of 15,102 shares sold worth approximately $1.05 million in the last quarter.

Sequoia Financial Advisors LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 23.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,060 shares of the credit services provider's stock after acquiring an additional 6,374 shares during the quarter. Sequoia Financial Advisors LLC's holdings in PayPal were worth $2,531,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PYPL. Vanguard Group Inc. boosted its position in shares of PayPal by 0.3% during the first quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider's stock valued at $5,625,976,000 after buying an additional 276,339 shares during the period. Deutsche Bank AG boosted its position in shares of PayPal by 19.1% during the first quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock valued at $733,294,000 after buying an additional 1,798,330 shares during the period. Invesco Ltd. boosted its position in shares of PayPal by 14.9% during the first quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider's stock valued at $620,924,000 after buying an additional 1,232,155 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of PayPal by 44.6% during the first quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock valued at $558,499,000 after buying an additional 2,638,815 shares during the period. Finally, Nuveen LLC purchased a new position in shares of PayPal during the first quarter valued at approximately $529,264,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Down 1.7%

Shares of NASDAQ PYPL opened at $67.98 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $64.95 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.44. The stock's fifty day simple moving average is $68.94 and its two-hundred day simple moving average is $69.43. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating 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 quarter last 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. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In other news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on 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 sale, the insider owned 48,483 shares in the company, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their position. The sale 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 stock in a transaction on Thursday, July 31st. The shares were 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. In the last quarter, insiders sold 15,102 shares of company stock worth $1,046,607. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a research report on Tuesday, July 29th. Wall Street Zen lowered PayPal from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. Macquarie reissued an "outperform" rating and issued a $95.00 price objective on shares of PayPal in a research note on Wednesday, July 30th. Seaport Res Ptn raised PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Finally, Rothschild & Co Redburn increased their price objective on PayPal from $66.00 to $70.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 16th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $83.50.

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.

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.