State of New Jersey Common Pension Fund D Reduces Stake in PayPal Holdings, Inc. $PYPL

State of New Jersey Common Pension Fund D reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 318,949 shares of the credit services provider’s stock after selling 5,393 shares during the period. State of New Jersey Common Pension Fund D’s holdings in PayPal were worth $23,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evermay Wealth Management LLC boosted 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 buying an additional 363 shares during the last quarter. Hilltop National Bank purchased a new position in shares of PayPal in the 2nd quarter worth $27,000. Tsfg LLC boosted 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 buying an additional 200 shares during the last quarter. Gordian Capital Singapore Pte Ltd boosted 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 buying an additional 138 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in shares of PayPal by 41.7% in the 1st quarter. Cornerstone Planning Group LLC now owns 666 shares of the credit services provider’s stock worth $42,000 after buying an additional 196 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PayPal

In other PayPal news, CAO Chris Natali sold 7,102 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diego Scotti sold 3,838 shares of the firm’s 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 directly owned 16,989 shares in the company, valued at approximately $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. Insiders have sold a total of 15,102 shares of company stock valued at $1,046,607 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

PayPal Price Performance

NASDAQ:PYPL opened at $69.77 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The business’s 50-day simple moving average is $68.94 and its two-hundred day simple moving average is $69.75. The stock has a market cap of $66.66 billion, a PE ratio of 14.91, a P/E/G ratio of 1.08 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same period last 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, analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the topic of a number of research reports. Rothschild & Co Redburn raised their price target on PayPal from $66.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PayPal in a report on Wednesday, October 8th. Truist Financial set a $65.00 target price on PayPal in a report on Friday. Wall Street Zen cut PayPal from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Seaport Res Ptn raised PayPal from a “strong sell” rating to a “hold” rating in a report on Monday, July 14th. Fifteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $82.46.

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.