Probity Advisors Inc. Buys 1,340 Shares of PayPal Holdings, Inc. $PYPL

Probity Advisors Inc. raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,620 shares of the credit services provider’s stock after purchasing an additional 1,340 shares during the quarter. Probity Advisors Inc.’s holdings in PayPal were worth $1,087,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Nuveen LLC bought a new stake in PayPal in the first quarter valued at approximately $529,264,000. Goldman Sachs Group Inc. lifted its position in PayPal by 44.6% in the first 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 last quarter. Deutsche Bank AG lifted its position in PayPal by 19.1% in the first 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 during the last quarter. Invesco Ltd. lifted its position in PayPal by 14.9% in the first 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 during the last quarter. 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 purchasing an additional 868,953 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 company’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 sale, the executive vice president directly owned 16,989 shares of the company’s stock, valued at $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the sale, the insider directly owned 48,483 shares in the company, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock valued at $1,046,607 over the last ninety days. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on PYPL shares. BMO Capital Markets reiterated a “market perform” rating on shares of PayPal in a research report on Tuesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a $88.00 target price on shares of PayPal in a report on Thursday, June 26th. Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a report on Wednesday, October 8th. Rothschild & Co Redburn upped their target price on PayPal from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, September 16th. Finally, Wall Street Zen downgraded PayPal from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $83.44.

PayPal Price Performance

Shares of PYPL stock opened at $69.20 on Tuesday. The stock has a market cap of $66.11 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.04 and a beta of 1.44. The business’s fifty day moving average is $68.93 and its 200 day moving average is $69.59. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month 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.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same period in the prior year, the firm 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. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS 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.