Midwest Trust Co Sells 12,763 Shares of PayPal Holdings, Inc. $PYPL

Midwest Trust Co lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 427,025 shares of the credit services provider’s stock after selling 12,763 shares during the quarter. Midwest Trust Co’s holdings in PayPal were worth $19,314,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after acquiring an additional 5,534,462 shares during the period. Rule One Partners LLC bought a new stake in PayPal during the 4th quarter valued at approximately $2,043,000. Step Capital Management Pte. Ltd. bought a new stake in PayPal during the 4th quarter valued at approximately $6,130,000. Easterly Investment Partners LLC lifted its holdings in PayPal by 705.2% in the 4th quarter. Easterly Investment Partners LLC now owns 100,651 shares of the credit services provider’s stock worth $5,876,000 after purchasing an additional 88,151 shares in the last quarter. Finally, Greenwich Wealth Management LLC lifted its holdings in PayPal by 61.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 125,830 shares of the credit services provider’s stock worth $7,346,000 after purchasing an additional 47,653 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Analysts say PayPal still has support from rising payment volumes, Venmo growth, and ongoing technology upgrades, which could help long-term earnings and transaction growth. Is PYPL Stock Worth Retaining in Your Portfolio for the Long Run?
• Positive Sentiment: PayPal’s PYUSD stablecoin launching natively on Polygon is boosting interest in the company’s digital assets strategy and could strengthen its payments ecosystem over time. PayPal boosts its stablecoin as banks prepare to launch a shared one
• Neutral Sentiment: Several articles note conflicting analyst views on PayPal, suggesting the stock still has divided Wall Street support rather than a clear consensus. Analysts Have Conflicting Sentiments on These Financial Companies: American Express (AXP), Robinhood (HOOD) and PayPal Holdings (PYPL)
• Neutral Sentiment: PayPal is still being viewed as a value stock by some investors, but commentary suggests the turnaround is not complete and the market remains cautious on execution. 2 Value Stocks for Long-Term Investors and 1 We Avoid
• Negative Sentiment: Barclays reportedly upgraded PayPal to “strong sell,” reinforcing concerns about near-term pressure and helping explain the stock’s weaker performance trend. Zacks.com
• Negative Sentiment: TipRanks noted PayPal is down nearly 22% year to date, reflecting investor skepticism about the pace of its turnaround and ongoing competitive/macro risks. PayPal (PYPL) Stock Is Down 22% YTD; Let’s Look at Who Owns the Stock?

Wall Street Analyst Weigh In

Several research analysts have weighed in on PYPL shares. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a research note on Friday, May 8th. BMO Capital Markets began coverage on shares of PayPal in a research report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 price objective on the stock. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. Citigroup upped their target price on shares of PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Finally, BNP Paribas Exane raised their target price on shares of PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a research note on Friday, April 10th. Seven equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $53.91.

PayPal Price Performance

NASDAQ PYPL traded up $1.00 during trading on Friday, hitting $46.32. 10,627,517 shares of the stock traded hands, compared to its average volume of 14,801,931. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.50. The firm has a 50-day simple moving average of $44.01 and a 200-day simple moving average of $47.48. The company has a market capitalization of $40.86 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33.

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

PayPal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. PayPal’s dividend payout ratio is presently 10.51%.

Insider Buying and Selling at PayPal

In other PayPal news, insider Frank Keller sold 10,732 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total transaction of $536,170.72. Following the completion of the transaction, the insider owned 41,567 shares in the company, valued at $2,076,687.32. This trade represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total transaction of $144,587.41. Following the completion of the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at $1,325,762.57. The trade was a 9.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,612 shares of company stock worth $966,623 over the last 90 days. 0.63% of the stock is owned by 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.