Bridges Investment Management Inc. Reduces Holdings in PayPal Holdings, Inc. $PYPL

Bridges Investment Management Inc. lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 45.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,882 shares of the credit services provider’s stock after selling 2,377 shares during the period. Bridges Investment Management Inc.’s holdings in PayPal were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PYPL. Nuveen LLC purchased a new stake in PayPal in the first quarter valued at $529,264,000. Goldman Sachs Group Inc. grew its holdings in shares of 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 worth $558,499,000 after purchasing an additional 2,638,815 shares during the period. Deutsche Bank AG increased its position 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 worth $733,294,000 after purchasing an additional 1,798,330 shares during the last quarter. Invesco Ltd. raised its holdings in PayPal by 14.9% in the 1st quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider’s stock valued at $620,924,000 after buying an additional 1,232,155 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its position in PayPal by 301.7% in the first quarter. Jupiter Asset Management Ltd. now owns 1,156,955 shares of the credit services provider’s stock valued at $75,491,000 after buying an additional 868,953 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent analyst reports. Macquarie reiterated an “outperform” rating and set a $95.00 price target on shares of PayPal in a research report on Wednesday, July 30th. Wall Street Zen downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Citigroup reissued a “buy” rating on shares of PayPal in a research report on Tuesday, July 29th. Rothschild & Co Redburn raised their price target on PayPal from $66.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 16th. Finally, The Goldman Sachs Group set a $70.00 price objective on PayPal and gave the company a “sell” rating in a research note on Monday. Sixteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.44.

Insider Buying and Selling at PayPal

In other news, 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 value of $492,523.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the business’s 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 transaction, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,102 shares of company stock valued at $1,046,607 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock opened at $67.41 on Friday. The firm has a 50 day moving average of $68.89 and a two-hundred day moving average of $69.45. The stock has a market capitalization of $64.40 billion, a PE ratio of 14.40, a P/E/G ratio of 1.02 and a beta of 1.44. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data 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. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same quarter in the prior year, the company earned $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, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.