Jacobi Capital Management LLC Sells 998 Shares of PayPal Holdings, Inc. $PYPL

Jacobi Capital Management LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,798 shares of the credit services provider’s stock after selling 998 shares during the quarter. Jacobi Capital Management LLC’s holdings in PayPal were worth $313,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal in the fourth quarter valued at about $25,000. Evermay Wealth Management LLC boosted its holdings in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after buying an additional 363 shares in the last quarter. Garde Capital Inc. acquired a new stake in PayPal in the 1st quarter valued at $28,000. Tsfg LLC lifted 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 acquiring an additional 200 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd raised its stake in shares of PayPal by 41.2% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 138 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PayPal

In other news, CAO Chris Natali sold 7,102 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total transaction of $492,523.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $288,801.18. Following the completion of the transaction, the insider directly owned 48,483 shares in the company, valued at $3,364,235.37. The trade was a 7.91% decrease in their position. 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 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PYPL shares. Macquarie reiterated an “outperform” rating and set a $95.00 target price on shares of PayPal in a research report on Wednesday, July 30th. Royal Bank Of Canada restated an “outperform” rating and set a $88.00 price target on shares of PayPal in a research note on Thursday, June 26th. BMO Capital Markets reiterated a “market perform” rating on shares of PayPal in a research report on Tuesday, July 29th. Canaccord Genuity Group reissued a “buy” rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday, July 30th. Finally, JMP Securities decreased their target price on PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a report on Wednesday, July 30th. Seventeen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, PayPal currently has an average rating of “Hold” and an average price target of $85.00.

PayPal Trading Down 0.6%

Shares of PYPL stock opened at $66.89 on Friday. The firm has a 50-day moving average price of $70.81 and a 200 day moving average price of $69.43. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a market capitalization of $63.91 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.04 and a beta of 1.43. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL) last issued its 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 business had revenue of $8.29 billion during 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 quarter in the previous year, the business earned $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. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

About PayPal

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.