United Bank Has $1.29 Million Position in PayPal Holdings, Inc. $PYPL

Key Points

• United Bank increased its stake in PayPal Holdings, Inc. by 40.1% during the second quarter, now holding shares valued at approximately $1.29 million.
• Several institutional investors, including Goldman Sachs and Deutsche Bank, significantly boosted their holdings in PayPal, leading to a cumulative ownership of 68.32% by hedge funds.
• PayPal's stock has received ratings from various analysts, with a consensus of "Hold" and a target price of $83.44, reflecting mixed outlooks on the company's performance.

United Bank grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 40.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,388 shares of the credit services provider's stock after acquiring an additional 4,974 shares during the period. United Bank's holdings in PayPal were worth $1,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PYPL. Nuveen LLC purchased a new position in shares of PayPal during the 1st quarter valued at $529,264,000. Goldman Sachs Group Inc. boosted its holdings in PayPal by 44.6% in the first quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock worth $558,499,000 after purchasing an additional 2,638,815 shares in the last quarter. Deutsche Bank AG boosted its holdings in PayPal by 19.1% in the first quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock worth $733,294,000 after purchasing an additional 1,798,330 shares in the last quarter. Invesco Ltd. boosted its holdings in PayPal by 14.9% in the first quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider's stock worth $620,924,000 after purchasing an additional 1,232,155 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its holdings in PayPal by 301.7% in the first quarter. Jupiter Asset Management Ltd. now owns 1,156,955 shares of the credit services provider's stock worth $75,491,000 after purchasing an additional 868,953 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. BMO Capital Markets reiterated a "market perform" rating on shares of PayPal in a report on Tuesday, July 29th. Barclays reissued an "overweight" rating on shares of PayPal in a research report on Tuesday, July 29th. Royal Bank Of Canada reissued an "outperform" rating and set a $88.00 target price on shares of PayPal in a research report on Thursday, June 26th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of PayPal in a research report on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, PayPal has a consensus rating of "Hold" and a consensus target price of $83.44.

Insider Activity at PayPal

In related news, EVP Diego Scotti sold 3,838 shares of the company's stock in a transaction dated 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 $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total transaction of $288,801.18. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock valued at $1,046,607 over the last quarter. 0.08% of the stock is owned by company insiders.

PayPal Stock Up 2.1%

Shares of PYPL opened at $67.41 on Friday. The company has a 50-day simple moving average of $68.89 and a 200-day simple moving average of $69.45. The firm has a market capitalization of $64.40 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.02 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $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, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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.

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