TD Asset Management Inc decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 42.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 484,892 shares of the credit services provider's stock after selling 362,675 shares during the period. TD Asset Management Inc's holdings in PayPal were worth $36,037,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in PYPL. Brighton Jones LLC boosted its holdings in shares of PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after acquiring an additional 924 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of PayPal in the fourth quarter valued at about $248,000. Janney Montgomery Scott LLC lifted its stake in shares of PayPal by 1.0% in the first quarter. Janney Montgomery Scott LLC now owns 160,794 shares of the credit services provider's stock valued at $10,492,000 after purchasing an additional 1,599 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of PayPal in the first quarter valued at about $855,000. Finally, Sagespring Wealth Partners LLC lifted its stake in shares of PayPal by 45.5% in the first quarter. Sagespring Wealth Partners LLC now owns 7,769 shares of the credit services provider's stock valued at $507,000 after purchasing an additional 2,431 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.
PayPal Stock Performance
Shares of PYPL opened at $66.05 on Friday. 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 cap of $63.10 billion, a P/E ratio of 14.11, a PEG ratio of 1.05 and a beta of 1.44. The company has a 50-day moving average of $68.90 and a two-hundred day moving average of $69.44. 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, topping analysts' consensus estimates of $1.30 by $0.10. The company 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 quarter in the previous year, the business 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. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
Analyst Ratings Changes
PYPL has been the subject of several recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of PayPal in a research note on Wednesday, October 8th. The Goldman Sachs Group set a $70.00 price objective on shares of PayPal and gave the company a "sell" rating in a research note on Monday. Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 price objective on shares of PayPal in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Finally, Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $83.50.
Check Out Our Latest Research Report on PayPal
Insider Activity
In other news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the transaction, the insider owned 48,483 shares of the company's stock, valued at $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the business's stock in a transaction that occurred on 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 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. Insiders sold a total of 15,102 shares of company stock valued at $1,046,607 over the last 90 days. Insiders own 0.08% of the company's stock.
About PayPal
(
Free Report)
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.
Further Reading

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