PayPal Holdings, Inc. $PYPL Shares Bought by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,360 shares of the credit services provider’s stock after purchasing an additional 635 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in PayPal were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Evermay Wealth Management LLC lifted its stake 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 valued at $27,000 after purchasing an additional 363 shares during the last quarter. Garde Capital Inc. acquired a new position in shares of PayPal in the 1st quarter valued at $28,000. Tsfg LLC lifted its stake in shares of PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its stake 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 valued at $31,000 after purchasing an additional 138 shares during the last quarter. Finally, Crewe Advisors LLC lifted its stake in shares of PayPal by 1,461.8% in the 1st quarter. Crewe Advisors LLC now owns 531 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 497 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Chris Natali sold 7,102 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the 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 completion of the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,174,279.68. The trade was a 18.43% 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 worth $1,046,607 in the last quarter. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PYPL shares. Citigroup reaffirmed a “buy” rating on shares of PayPal in a research note on Tuesday, July 29th. Seaport Res Ptn raised PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. Macquarie reaffirmed an “outperform” rating and issued a $95.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Piper Sandler set a $74.00 price target on PayPal in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price objective on PayPal in a report on Tuesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $84.50.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $66.66 on Thursday. The stock’s 50-day moving average is $69.03 and its two-hundred day moving average is $69.31. 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 Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a market cap of $63.69 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping 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 company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. 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. Analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.