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

Midwest Trust Co lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,025 shares of the credit services provider’s stock after selling 12,763 shares during the period. Midwest Trust Co’s holdings in PayPal were worth $19,314,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Bard Associates Inc. purchased a new stake in shares of PayPal during the fourth quarter valued at $25,000. Kelleher Financial Advisors purchased a new position in PayPal in the 3rd quarter worth about $30,000. Caitong International Asset Management Co. Ltd increased its stake in PayPal by 15,233.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after buying an additional 457 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in PayPal during the 4th quarter valued at about $28,000. Finally, Advocate Investing Services LLC bought a new stake in PayPal during the 4th quarter valued at about $30,000. Institutional investors own 68.32% of the company’s stock.

PayPal News Summary

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?

PayPal Stock Up 2.2%

Shares of PYPL traded up $1.00 during mid-day trading on Friday, hitting $46.32. The company’s stock had a trading volume of 10,627,517 shares, compared to its average volume of 14,801,931. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average is $44.01 and its 200-day moving average is $47.48. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The firm has a market capitalization of $40.86 billion, a price-to-earnings ratio of 8.69, a PEG 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 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The company had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. PayPal’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 earnings per share. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.32 EPS for the current fiscal year.

PayPal Announces Dividend

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

Insider Transactions at PayPal

In other PayPal news, insider Frank Keller sold 10,732 shares of PayPal stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total value of $536,170.72. Following the transaction, the insider owned 41,567 shares in the company, valued at $2,076,687.32. The trade was 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 at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the business’s stock in a transaction dated 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 owned 30,983 shares of the company’s stock, valued at $1,325,762.57. This represents a 9.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 20,612 shares of company stock valued at $966,623. Corporate insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PYPL. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a research note on Friday, May 8th. Zacks Research raised shares of PayPal from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Daiwa Securities Group upgraded PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Barclays started coverage on PayPal in a research note on Tuesday. They issued an “underweight” rating and a $42.00 price objective on the stock. Finally, Citigroup raised their price objective on PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Seven equities research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.91.

PayPal Company 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.