Sax Wealth Advisors LLC Sells 2,796 Shares of PayPal Holdings, Inc. $PYPL

Sax Wealth Advisors LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 47.1% during the second quarter, Holdings Channel reports. The institutional investor owned 3,141 shares of the credit services provider’s stock after selling 2,796 shares during the quarter. Sax Wealth Advisors LLC’s holdings in PayPal were worth $233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evermay Wealth Management LLC boosted its holdings in shares of PayPal by 726.0% during the first 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 during the period. Hilltop National Bank purchased a new stake in shares of PayPal during the second quarter worth about $27,000. Garde Capital Inc. purchased a new stake in shares of PayPal during the first quarter worth about $28,000. Tsfg LLC boosted its holdings in shares of PayPal by 81.6% during the first quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 200 shares during the period. Finally, Gordian Capital Singapore Pte Ltd boosted its holdings in shares of PayPal by 41.2% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft set a $75.00 price objective 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 objective on shares of PayPal in a report on Thursday, June 26th. Piper Sandler set a $74.00 price objective on shares of PayPal in a report on Tuesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a report on Wednesday. Finally, Morgan Stanley restated a “positive” rating on shares of PayPal in a report on Wednesday, July 30th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $84.66.

PayPal Price Performance

PYPL stock opened at $75.75 on Friday. The firm has a 50 day moving average price of $68.87 and a 200-day moving average price of $69.43. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The firm has a market capitalization of $72.37 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.17 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 (NASDAQ:PYPL) last released its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same period last 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. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity at PayPal

In related news, EVP Diego Scotti sold 3,838 shares of the firm’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 sale, the executive vice president owned 16,989 shares of the company’s stock, valued at $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Chris Natali sold 7,102 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The disclosure for this sale can be found here. Insiders sold 15,102 shares of company stock valued at $1,046,607 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

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.