Evelyn Partners Asset Management Ltd Lowers Holdings in PayPal Holdings, Inc. $PYPL

Evelyn Partners Asset Management Ltd trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 95.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,564 shares of the credit services provider’s stock after selling 68,253 shares during the period. Evelyn Partners Asset Management Ltd’s holdings in PayPal were worth $161,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PYPL. Brighton Jones LLC increased its stake in PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after acquiring an additional 924 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $248,000. Sivia Capital Partners LLC boosted its position in shares of PayPal by 41.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock valued at $332,000 after acquiring an additional 1,310 shares during the last quarter. United Bank grew its holdings in shares of PayPal by 40.1% during the second quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after purchasing an additional 4,974 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of PayPal by 17.9% during the second quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock worth $1,405,000 after purchasing an additional 2,865 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Down 0.1%

PYPL stock opened at $56.07 on Tuesday. The company has a market capitalization of $49.46 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50. The company’s 50 day moving average price is $45.94 and its two-hundred day moving average price is $47.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26.

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

PayPal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, June 4th. PayPal’s dividend payout ratio is presently 10.51%.

Insider Activity

In other news, insider Frank Keller sold 10,732 shares of the business’s 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 completion of the sale, the insider owned 41,567 shares of the company’s stock, valued at approximately $2,076,687.32. The trade was a 20.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. This represents a 45.74% 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. Over the last three months, insiders have sold 20,612 shares of company stock valued at $966,623. 0.63% of the stock is currently owned by insiders.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: One analysis argues that PayPal still looks inexpensive on a standalone basis, suggesting the stock could remain attractive even if Stripe does not pursue another offer. PayPal Acquisition Rumors: Is the Stock Still a Buy?
• Neutral Sentiment: PayPal’s earnings report is the immediate catalyst. Investors will assess payment-volume growth, revenue, profitability, guidance, and whether management addresses the Stripe proposal. Prediction-market commentary indicates that deal-related language could have an outsized effect on the shares relative to the quarterly figures. PayPal Prediction Market Earnings Preview
• Neutral Sentiment: Analysts and prediction-market participants are focused on whether PayPal can beat expectations in the second quarter, with results scheduled before the market open. A strong report could reinforce the standalone valuation case, while a miss would increase pressure for strategic action. Polymarket Earnings Odds
• Negative Sentiment: Pre-earnings estimates point to lower margins despite higher payment volume. That could make the quarter’s headline growth less compelling and heighten the importance of any update on the Stripe bid or other strategic alternatives. PayPal Q2 Earnings Margin Outlook
• Negative Sentiment: With the takeover proposal reportedly rejected, investors face uncertainty over whether negotiations could resume. Failure to secure a deal or provide a meaningful strategic update may leave the stock dependent on improving margins and execution. PayPal Stock in Focus as Wall Street Eyes Response to Stripe Bid

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of PayPal from $41.00 to $48.00 and gave the stock a “sell” rating in a research report on Thursday, July 9th. William Blair reiterated a “market perform” rating on shares of PayPal in a research report on Wednesday, July 15th. Bank of America cut their price target on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Zacks Research raised shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Finally, Barclays upgraded shares of PayPal from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $42.00 to $55.00 in a research report on Thursday, July 16th. Nine analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $54.96.

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.