Hardman Johnston Global Advisors LLC Boosts Stock Position in PayPal Holdings, Inc. $PYPL

Hardman Johnston Global Advisors LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,499 shares of the credit services provider’s stock after purchasing an additional 12,250 shares during the period. PayPal accounts for about 1.3% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 26th largest holding. Hardman Johnston Global Advisors LLC’s holdings in PayPal were worth $28,873,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PYPL. Nuveen LLC purchased a new stake in PayPal in the first quarter worth $529,264,000. Goldman Sachs Group Inc. increased its position in PayPal by 44.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider’s stock valued at $558,499,000 after purchasing an additional 2,638,815 shares during the period. Assenagon Asset Management S.A. increased its position in PayPal by 124.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider’s stock valued at $228,206,000 after purchasing an additional 1,936,520 shares during the period. Deutsche Bank AG boosted its stake in shares of PayPal by 19.1% during the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider’s stock valued at $733,294,000 after purchasing an additional 1,798,330 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of PayPal by 14.9% during the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock valued at $620,924,000 after purchasing an additional 1,232,155 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on PYPL. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Monday, July 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $96.00 target price on shares of PayPal in a research report on Wednesday, July 30th. Piper Sandler set a $74.00 target price on PayPal in a research report on Tuesday, July 29th. Macquarie reaffirmed an “outperform” rating and issued a $95.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Finally, Barclays reaffirmed an “overweight” rating on shares of PayPal in a research note on Tuesday, July 29th. Seventeen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, PayPal currently has a consensus rating of “Hold” and an average price target of $84.50.

Insider Transactions at PayPal

In related news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value of $265,282.56. Following the completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chris Natali sold 7,102 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were 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 sold 15,102 shares of company stock worth $1,046,607 over the last quarter. 0.08% of the stock is currently owned by insiders.

PayPal Trading Up 3.4%

NASDAQ:PYPL opened at $68.93 on Friday. The company’s 50 day moving average price is $68.85 and its 200-day moving average price is $69.31. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. 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 stock has a market cap of $65.85 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.03 and a beta of 1.44.

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 firm had revenue of $8.29 billion for the quarter, compared to analysts’ expectations 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 prior 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. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.