IFP Advisors Inc raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 76.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,333 shares of the credit services provider’s stock after acquiring an additional 20,489 shares during the period. IFP Advisors Inc’s holdings in PayPal were worth $3,518,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of PYPL. Brighton Jones LLC boosted its stake in PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after acquiring an additional 924 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in PayPal in the fourth quarter valued at approximately $248,000. Farther Finance Advisors LLC boosted its stake in PayPal by 95.6% in the first quarter. Farther Finance Advisors LLC now owns 15,335 shares of the credit services provider’s stock valued at $1,014,000 after acquiring an additional 7,494 shares in the last quarter. Simplicity Wealth LLC acquired a new stake in PayPal in the first quarter valued at approximately $253,000. Finally, Integrated Advisors Network LLC boosted its stake in PayPal by 39.1% in the first quarter. Integrated Advisors Network LLC now owns 9,419 shares of the credit services provider’s stock valued at $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.
Insider Buying and Selling
In related news, EVP Diego Scotti sold 3,838 shares of the firm’s stock in a transaction 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 transaction, 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 document filed with the SEC, which is available at this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction on 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 transaction, the insider directly owned 48,483 shares of the company’s stock, valued at $3,364,235.37. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,102 shares of company stock valued at $1,046,607 over the last 90 days. Insiders own 0.08% of the company’s stock.
PayPal Trading Down 7.7%
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 (EPS) for the quarter, topping 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 analysts’ expectations of $8.08 billion. During the same quarter last year, the company posted $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 predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have weighed in on PYPL shares. JMP Securities lowered their target price on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 30th. Seaport Res Ptn raised shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Monday, July 14th. Barclays reaffirmed an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of PayPal in a report on Tuesday, July 29th. Finally, Wall Street Zen cut shares of PayPal from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Seventeen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, PayPal has a consensus rating of “Hold” and an average price target of $84.66.
Get Our Latest Stock Report on PYPL
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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