First United Bank & Trust grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 17.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,540 shares of the credit services provider’s stock after buying an additional 370 shares during the period. First United Bank & Trust’s holdings in PayPal were worth $189,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd lifted its position in shares of PayPal by 41.2% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after buying an additional 138 shares in the last quarter. GSB Wealth Management LLC lifted its holdings in PayPal by 1.7% in the 2nd quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock worth $606,000 after purchasing an additional 140 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in PayPal by 1.5% in the 1st quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock worth $613,000 after purchasing an additional 142 shares in the last quarter. Pitti Group Wealth Management LLC lifted its holdings in PayPal by 1.5% in the 2nd quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 147 shares in the last quarter. Finally, MONECO Advisors LLC lifted its holdings in PayPal by 0.8% in the 1st quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider’s stock worth $1,334,000 after purchasing an additional 154 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other PayPal news, EVP Diego Scotti sold 3,838 shares of the stock in a transaction 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 sale, the executive vice president owned 16,989 shares in the company, valued at $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value 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 worth $1,046,607 over the last quarter. Company insiders own 0.08% of the company’s stock.
PayPal Stock Performance
PayPal (NASDAQ:PYPL – Get Free Report) last released its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same quarter last year, the firm 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. Analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently commented on PYPL. Seaport Res Ptn raised PayPal from a “strong sell” rating to a “hold” rating in a report on Monday, July 14th. Piper Sandler set a $74.00 price objective on PayPal in a report on Tuesday, July 29th. Rothschild & Co Redburn upped their price objective on PayPal from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Wall Street Zen raised PayPal from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $88.00 price target on shares of PayPal in a report on Thursday, June 26th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $84.50.
Read Our Latest Research Report on PayPal
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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