Vivid Wealth Management LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,015 shares of the credit services provider’s stock after purchasing an additional 794 shares during the period. Vivid Wealth Management LLC’s holdings in PayPal were worth $2,528,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Brighton Jones LLC raised its stake in PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after acquiring an additional 924 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in PayPal during the 4th quarter worth $248,000. Farther Finance Advisors LLC raised its stake in PayPal by 95.6% during the 1st quarter. Farther Finance Advisors LLC now owns 15,335 shares of the credit services provider’s stock worth $1,014,000 after acquiring an additional 7,494 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in PayPal during the 1st quarter worth $253,000. Finally, Integrated Advisors Network LLC raised its stake in PayPal by 39.1% during the 1st quarter. Integrated Advisors Network LLC now owns 9,419 shares of the credit services provider’s stock worth $615,000 after acquiring an additional 2,647 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently commented on PYPL. JMP Securities cut their price target on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 30th. Piper Sandler set a $74.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. Citigroup restated a “buy” rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, Morgan Stanley restated a “positive” rating on shares of PayPal in a research note 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.66.
Insider Activity
In other news, EVP Diego Scotti sold 3,838 shares of PayPal 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was 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 have sold a total of 15,102 shares of company stock valued at $1,046,607 over the last quarter. Corporate insiders own 0.08% of the company’s stock.
PayPal Stock Down 0.5%
Shares of NASDAQ:PYPL opened at $75.75 on Friday. The company has a market cap 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 firm’s 50-day simple moving average is $68.87 and its 200-day simple moving average is $69.43. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.
PayPal (NASDAQ:PYPL – Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The business had revenue of $8.29 billion for the quarter, compared to the consensus estimate 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 firm 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. As a group, equities research analysts predict 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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