Kennebec Savings Bank Increases Position in PayPal Holdings, Inc. $PYPL

Kennebec Savings Bank increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,412 shares of the credit services provider’s stock after purchasing an additional 679 shares during the quarter. Kennebec Savings Bank’s holdings in PayPal were worth $700,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PYPL. Brighton Jones LLC increased its holdings in shares of PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after purchasing an additional 924 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of PayPal in the 4th quarter valued at about $248,000. GAMMA Investing LLC grew its stake in PayPal by 5,984.0% in the 1st quarter. GAMMA Investing LLC now owns 708,419 shares of the credit services provider’s stock valued at $46,224,000 after acquiring an additional 696,775 shares during the last quarter. NBC Securities Inc. grew its stake in PayPal by 99,209.1% in the 1st quarter. NBC Securities Inc. now owns 10,924 shares of the credit services provider’s stock valued at $712,000 after acquiring an additional 10,913 shares during the last quarter. Finally, Merit Financial Group LLC grew its stake in PayPal by 11.5% in the 1st quarter. Merit Financial Group LLC now owns 138,773 shares of the credit services provider’s stock valued at $9,055,000 after acquiring an additional 14,276 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Piper Sandler set a $74.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. JMP Securities lowered their price objective on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $88.00 price objective on shares of PayPal in a research note on Thursday, June 26th. Finally, Macquarie reissued an “outperform” rating and issued a $95.00 price objective on shares of PayPal in a research note on Wednesday, July 30th. Seventeen investment 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. According to MarketBeat, PayPal currently has a consensus rating of “Hold” and a consensus price target of $84.50.

Insider Transactions at PayPal

In other news, 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 transaction, the insider directly owned 48,483 shares in the company, valued at $3,364,235.37. This represents a 7.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.35, for a total transaction of $492,523.70. The disclosure for this sale can be found here. Insiders have sold a total of 15,102 shares of company stock worth $1,046,607 in the last three months. Company insiders own 0.08% of the company’s stock.

PayPal Price Performance

PayPal stock opened at $66.66 on Thursday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The stock has a market capitalization of $63.69 billion, a P/E ratio of 14.24, a P/E/G ratio of 1.03 and a beta of 1.44. The firm’s 50-day moving average is $69.03 and its two-hundred day moving average is $69.31. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

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