Barrett & Company Inc. boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 8.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,860 shares of the credit services provider’s stock after buying an additional 300 shares during the quarter. Barrett & Company Inc.’s holdings in PayPal were worth $287,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in PayPal by 15.8% in the first quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider’s stock valued at $224,001,000 after buying an additional 476,763 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in PayPal in the second quarter valued at $325,000. Allianz SE boosted its stake in PayPal by 281.8% in the first quarter. Allianz SE now owns 30,338 shares of the credit services provider’s stock valued at $1,980,000 after acquiring an additional 22,392 shares in the last quarter. Nuveen LLC acquired a new position in PayPal in the first quarter valued at $529,264,000. Finally, Kingstone Capital Partners Texas LLC acquired a new position in PayPal in the second quarter valued at $3,513,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.
Insider Buying and Selling at PayPal
In other PayPal news, CAO Chris Natali sold 7,102 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the 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. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,102 shares of company stock valued at $1,046,607. Corporate insiders own 0.08% of the company’s stock.
PayPal Price Performance
PayPal (NASDAQ:PYPL – Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.08 billion. During the same period last 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. Research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
Analyst Ratings Changes
PYPL has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Morgan Stanley restated a “positive” rating on shares of PayPal in a research note on Wednesday, July 30th. Citigroup restated a “buy” rating on shares of PayPal in a research note on Tuesday, July 29th. Piper Sandler set a $74.00 target price on shares of PayPal in a research note on Tuesday, July 29th. Finally, Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. Seventeen research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $84.50.
View Our Latest Stock Analysis on PayPal
PayPal Company 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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