State of New Jersey Common Pension Fund D Sells 34,651 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in PayPal by 9.7%, selling 34,651 shares during the first quarter, leaving it with 324,342 shares valued at approximately $21.16 million.
• Institutional investors now own 68.32% of PayPal's stock, with various firms like Allianz SE and UBS AM significantly increasing their positions in the company.
• PayPal's recent earnings report revealed an EPS of $1.40, exceeding analysts' expectations, with revenue hitting $8.29 billion, above the estimated $8.08 billion.

State of New Jersey Common Pension Fund D reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 9.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 324,342 shares of the credit services provider's stock after selling 34,651 shares during the period. State of New Jersey Common Pension Fund D's holdings in PayPal were worth $21,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PYPL. Vanguard Group Inc. grew its position 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 acquiring an additional 276,339 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of PayPal by 19.1% in the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock valued at $733,294,000 after purchasing an additional 1,798,330 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of PayPal by 19.0% in the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after purchasing an additional 1,669,908 shares during the period. Finally, Invesco Ltd. increased its position in shares of PayPal by 14.9% during the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider's stock valued at $620,924,000 after purchasing an additional 1,232,155 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Down 1.4%

Shares of PYPL stock traded down $0.97 during mid-day trading on Wednesday, hitting $68.08. The stock had a trading volume of 9,982,442 shares, compared to its average volume of 13,043,931. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month 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. The firm's 50-day moving average is $72.23 and its two-hundred day moving average is $70.52. The firm has a market capitalization of $65.04 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 1.06 and a beta of 1.42.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on PYPL. 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. Robert W. Baird increased their target price on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. UBS Group lowered their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a report on Tuesday, July 29th. Finally, Macquarie reissued an "outperform" rating and issued a $95.00 price objective on shares of PayPal in a research report on Wednesday, July 30th. Seventeen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $85.00.

Insider Buying and Selling at PayPal

In other news, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the sale, the director owned 13,976 shares of the company's stock, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction that occurred 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 transaction, the insider directly owned 48,483 shares in the company, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,898 shares of company stock worth $1,909,636. 0.08% of the stock is owned by company 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.