State of New Jersey Common Pension Fund D Sells 5,393 Shares of PayPal Holdings, Inc. $PYPL

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in PayPal Holdings, Inc. by 1.7%, selling 5,393 shares and now holds 318,949 shares valued at approximately $23.7 million.
• Institutional investors currently own 68.32% of PayPal, with several investors increasing their positions significantly in recent quarters, including Evermay Wealth Management LLC raising their holdings by 726%.
• PayPal reported a $1.40 EPS for the last quarter, surpassing expectations, and has set future earnings guidance with analysts predicting an average of 5.03 EPS for the current fiscal year.

State of New Jersey Common Pension Fund D lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 318,949 shares of the credit services provider's stock after selling 5,393 shares during the period. State of New Jersey Common Pension Fund D's holdings in PayPal were worth $23,704,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hilltop National Bank bought a new position in shares of PayPal in the 2nd quarter worth approximately $27,000. Evermay Wealth Management LLC raised its position in shares of PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after acquiring an additional 363 shares in the last quarter. Tsfg LLC raised its position in shares of PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its position in shares of PayPal by 41.2% in 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 in the last quarter. Finally, American National Bank & Trust raised its position in shares of PayPal by 52.5% in the 2nd quarter. American National Bank & Trust now owns 610 shares of the credit services provider's stock worth $45,000 after acquiring an additional 210 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of PYPL opened at $69.77 on Friday. The business's fifty day simple moving average is $68.94 and its two-hundred day simple moving average is $69.75. 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 company has a market cap of $66.66 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 1.08 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS 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 business had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same period last year, the business posted $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 anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction 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 in the company, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,102 shares of company stock worth $1,046,607. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

PYPL has been the subject of several research reports. Seaport Res Ptn raised PayPal from a "strong sell" rating to a "hold" rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on PayPal in a research report on Tuesday, July 29th. Piper Sandler set a $74.00 price objective on PayPal in a research report on Tuesday, July 29th. Rothschild & Co Redburn raised their price objective on PayPal from $66.00 to $70.00 and gave the company a "neutral" rating in a research report on Tuesday, September 16th. Finally, JMP Securities reduced their price objective on PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research report on Wednesday, July 30th. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $82.46.

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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