PayPal Holdings, Inc. $PYPL Shares Sold by Eastern Bank

Eastern Bank trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,822 shares of the credit services provider’s stock after selling 710 shares during the quarter. Eastern Bank’s holdings in PayPal were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Hilltop National Bank acquired a new stake in shares of PayPal during the second quarter worth $27,000. 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 worth $27,000 after acquiring an additional 363 shares during the period. Garde Capital Inc. acquired a new stake in shares of PayPal in the 1st quarter worth $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 worth $29,000 after acquiring an additional 200 shares during the period. Finally, 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 worth $31,000 after acquiring an additional 138 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL stock opened at $69.90 on Monday. The stock has a fifty day moving average price of $68.92 and a 200 day moving average price of $69.42. The stock has a market cap of $66.78 billion, a PE ratio of 14.94, a P/E/G ratio of 1.08 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. 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 quarterly 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. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same quarter in the previous year, the company posted $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. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research report on Monday, July 14th. Macquarie reissued an “outperform” rating and issued a $95.00 price target on shares of PayPal in a report on Wednesday, July 30th. JMP Securities reduced their price target on PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a report on Wednesday, July 30th. Piper Sandler set a $74.00 price target on PayPal in a report on Tuesday, July 29th. Finally, Morgan Stanley reissued a “positive” rating on shares of PayPal in a report on Wednesday, July 30th. Seventeen 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $84.66.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 in the company, valued at $3,364,235.37. The trade was a 7.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value of $265,282.56. Following the transaction, the executive vice president owned 16,989 shares of the company’s stock, valued at $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,102 shares of company stock worth $1,046,607. 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.