Midwest Trust Co Trims Stock Position in PayPal Holdings, Inc. $PYPL

Midwest Trust Co lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 439,788 shares of the credit services provider’s stock after selling 17,739 shares during the quarter. Midwest Trust Co’s holdings in PayPal were worth $25,675,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Maia Wealth LLC lifted its position in shares of PayPal by 2.5% during the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after buying an additional 155 shares during the last quarter. Transatlantique Private Wealth LLC lifted its position in shares of PayPal by 2.9% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock worth $382,000 after buying an additional 159 shares during the last quarter. Martin & Co. Inc. TN lifted its position in shares of PayPal by 0.3% during the 3rd quarter. Martin & Co. Inc. TN now owns 56,934 shares of the credit services provider’s stock worth $3,818,000 after buying an additional 175 shares during the last quarter. RWA Wealth Partners LLC lifted its position in shares of PayPal by 0.7% during the 3rd quarter. RWA Wealth Partners LLC now owns 25,043 shares of the credit services provider’s stock worth $1,679,000 after buying an additional 184 shares during the last quarter. Finally, Waldron Private Wealth LLC lifted its position in shares of PayPal by 6.5% during the 3rd quarter. Waldron Private Wealth LLC now owns 3,040 shares of the credit services provider’s stock worth $204,000 after buying an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $45.37 on Friday. The firm’s fifty day simple moving average is $46.75 and its 200-day simple moving average is $53.99. The stock has a market capitalization of $40.02 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.13 and a beta of 1.39. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. The company had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. PayPal’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.32 earnings per share for the current year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s payout ratio is currently 10.51%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. BNP Paribas Exane boosted their price objective on shares of PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Dbs Bank raised shares of PayPal to a “hold” rating in a report on Friday, February 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. Piper Sandler cut their target price on shares of PayPal from $76.00 to $74.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Finally, William Blair reaffirmed a “market perform” rating on shares of PayPal in a report on Tuesday, February 3rd. Eight analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.42.

More PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Some analysts still see value in the stock, with RBC and Daiwa assigning upbeat ratings, and commentary arguing PayPal may be cheap enough that expectations are already low.
• Positive Sentiment: Recent earnings showed a beat on both EPS and revenue, suggesting the core business is still growing and executing better than expected.
• Neutral Sentiment: Needham reiterated a Hold rating, reflecting a wait-and-see stance rather than a strong bullish or bearish call.
• Negative Sentiment: Macquarie downgraded PayPal to Neutral and cut its price target, citing a softer second-quarter outlook and a cost-saving plan that appears back-end loaded. Macquarie Downgrades PayPal as Cost-Saving Plan Looks Too Back-End Loaded
• Negative Sentiment: Bank of America also lowered its price target and kept a Neutral rating, adding to the cautious analyst tone around the stock.
• Negative Sentiment: The U.K. Financial Conduct Authority launched a competition probe into PayPal’s wallet funding and usage practices, raising regulatory uncertainty in an important international market. FCA Probe Tests PayPal’s UK Wallet Economics And Growth Narrative
• Negative Sentiment: Several recent articles argue that the market was not impressed by PayPal’s earnings beat, with investors focusing instead on slower growth expectations, competitive pressures, and margin concerns.

Insider Buying and Selling at PayPal

In other PayPal news, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total value of $98,763.84. Following the transaction, the chief accounting officer directly owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. The trade was a 65.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Frank Keller sold 29,581 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the transaction, the executive vice president directly owned 51,567 shares in the company, valued at $2,373,113.34. This represents a 36.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 96,199 shares of company stock valued at $4,294,018. 0.63% of the stock is owned by company insiders.

PayPal Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.