Pacific Capital Partners Ltd trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 25.7% during the 2nd quarter, Holdings Channel reports. The firm owned 55,750 shares of the credit services provider’s stock after selling 19,250 shares during the period. PayPal comprises 3.9% of Pacific Capital Partners Ltd’s investment portfolio, making the stock its 6th biggest position. Pacific Capital Partners Ltd’s holdings in PayPal were worth $4,143,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of PYPL. Brighton Jones LLC raised its position in shares of PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after purchasing an additional 924 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of PayPal during the 4th quarter valued at $248,000. Triumph Capital Management raised its position in shares of PayPal by 12.7% during the 4th quarter. Triumph Capital Management now owns 10,595 shares of the credit services provider’s stock valued at $904,000 after purchasing an additional 1,195 shares during the period. Pathstone Holdings LLC increased its holdings in PayPal by 3.4% in the 4th quarter. Pathstone Holdings LLC now owns 104,314 shares of the credit services provider’s stock valued at $8,913,000 after acquiring an additional 3,459 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in PayPal in the 4th quarter worth $707,000. 68.32% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated 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 approximately $3,364,235.37. The trade was a 7.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Chris Natali sold 7,102 shares of PayPal 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 15,102 shares of company stock valued at $1,046,607. Company insiders own 0.08% of the company’s stock.
PayPal Stock Performance
PayPal (NASDAQ:PYPL – Get Free Report) last posted 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 net margin of 14.49% and a return on equity of 25.35%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the previous year, the firm 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. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on PYPL shares. JMP Securities cut their price objective on PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 30th. BMO Capital Markets restated a “market perform” rating on shares of PayPal in a report on Tuesday, July 29th. Wall Street Zen raised PayPal from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Macquarie reiterated an “outperform” rating and set a $95.00 target price on shares of PayPal in a research report on Wednesday, July 30th. Finally, Barclays reissued an “overweight” rating on shares of PayPal in a report on Tuesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.00.
Read Our Latest Analysis on PYPL
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.
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