PayPal Holdings, Inc. $PYPL Shares Sold by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. has reduced its holdings in PayPal by 64.9%, now owning only 25,208 shares valued at approximately $1.645 million.
• Other institutions like Vanguard Group and Deutsche Bank have increased their stakes, with Vanguard raising its investment by 0.3% and Deutsche Bank by 19.1% in the first quarter.
• PayPal reported a quarterly EPS of $1.40, surpassing estimates, with analysts forecasting an annual EPS of 5.03 for 2023.

Tocqueville Asset Management L.P. lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 64.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,208 shares of the credit services provider's stock after selling 46,543 shares during the quarter. Tocqueville Asset Management L.P.'s holdings in PayPal were worth $1,645,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Mpwm Advisory Solutions LLC purchased a new stake in PayPal during the 4th quarter worth about $25,000. Evermay Wealth Management LLC increased its position in PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after purchasing an additional 363 shares in the last quarter. Garde Capital Inc. purchased a new stake in PayPal during the 1st quarter worth about $28,000. Tsfg LLC increased its position in PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in PayPal during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Insiders Place Their Bets

In other PayPal news, CAO Chris Natali sold 7,102 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,736 shares of company stock valued at $1,620,835. Company insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on PYPL. Canaccord Genuity Group restated a "buy" rating and issued a $96.00 price target on shares of PayPal in a report on Wednesday, July 30th. BMO Capital Markets restated a "market perform" rating on shares of PayPal in a report on Tuesday, July 29th. Royal Bank Of Canada restated an "outperform" rating and issued a $88.00 price target on shares of PayPal in a report on Thursday, June 26th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on PayPal in a report on Tuesday, July 29th. Finally, Morgan Stanley restated a "positive" rating on shares of PayPal in a report on Wednesday, July 30th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, PayPal presently has an average rating of "Hold" and an average price target of $85.00.

PayPal Stock Down 1.3%

NASDAQ PYPL traded down $0.8880 on Wednesday, reaching $68.1620. The company had a trading volume of 6,426,745 shares, compared to its average volume of 11,163,515. The firm has a market capitalization of $65.12 billion, a PE ratio of 14.56, a P/E/G ratio of 1.07 and a beta of 1.42. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm has a 50-day moving average of $72.36 and a 200-day moving average of $70.54. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. The firm had revenue of $8.29 billion during 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 in the prior year, the business 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. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

About PayPal

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.