Meritage Portfolio Management Sells 26,739 Shares of PayPal Holdings, Inc. $PYPL

Meritage Portfolio Management lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.9% in the second quarter, Holdings Channel reports. The institutional investor owned 198,845 shares of the credit services provider’s stock after selling 26,739 shares during the period. PayPal accounts for approximately 0.9% of Meritage Portfolio Management’s portfolio, making the stock its 22nd biggest position. Meritage Portfolio Management’s holdings in PayPal were worth $14,778,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC increased its position in PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after buying an additional 363 shares in the last quarter. Hilltop National Bank purchased a new stake in PayPal during the 2nd quarter valued at $27,000. Garde Capital Inc. purchased a new stake in PayPal during the 1st quarter valued at $28,000. Tsfg LLC boosted its stake in PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd boosted its stake in 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 purchasing an additional 138 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling

In related news, EVP Diego Scotti sold 3,838 shares of the firm’s 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 transaction, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $492,523.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is owned by company insiders.

PayPal Stock Performance

PYPL stock opened at $69.90 on Friday. The company has a market cap of $66.78 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s fifty day moving average price is $68.92 and its 200-day moving average price is $69.42.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate 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 business 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 analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Citigroup reiterated a “buy” rating on shares of PayPal in a research note on Tuesday, July 29th. Canaccord Genuity Group reiterated a “buy” rating and set a $96.00 target price on shares of PayPal in a research note on Wednesday, July 30th. Morgan Stanley reiterated a “positive” rating on shares of PayPal in a research note on Wednesday, July 30th. Wall Street Zen downgraded PayPal from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a research note on Tuesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $84.66.

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.