Glenview Trust Co Takes Position in PayPal Holdings, Inc. $PYPL

Glenview Trust Co acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,849 shares of the credit services provider’s stock, valued at approximately $468,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Star Asset Management Inc. purchased a new stake in PayPal in the 2nd quarter worth approximately $10,693,000. Empowered Funds LLC purchased a new position in shares of PayPal during the 2nd quarter valued at $7,397,000. United Capital Financial Advisors LLC bought a new position in shares of PayPal in the second quarter worth $745,000. WNY Asset Management LLC purchased a new stake in shares of PayPal in the second quarter worth $401,000. Finally, Caitlin John LLC purchased a new stake in shares of PayPal in the second quarter worth $65,000. Institutional investors own 68.32% of the company’s stock.

Insider Activity

In related news, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total transaction of $77,679.70. Following the sale, the chief accounting officer owned 2,216 shares of the company’s stock, valued at $128,749.60. The trade was a 37.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total value of $253,715.52. Following the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,888,723.68. This trade represents a 11.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,774 shares of company stock worth $738,249 in the last quarter. 0.63% of the stock is owned by company insiders.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Some market observers argue that PayPal’s board protected potentially greater long-term shareholder value by rejecting the reported $60.50-per-share offer, which valued the company at approximately $53 billion. Options pricing also continues to indicate a bullish bias among some traders. PayPal Drops 12% Overnight on Dead Stripe Deal
• Positive Sentiment: PayPal remains an independent turnaround story, with recent initiatives expanding PayPal and Venmo tuition-payment integrations through campus platforms. Investors will now focus more closely on whether management can improve growth and execution without takeover support. PayPal Tuition Payment Push
• Neutral Sentiment: The failed transaction removes a major change-of-control catalyst and returns attention to PayPal’s standalone fundamentals. The company recently exceeded quarterly earnings and revenue expectations, but revenue growth remained modest and earnings per share declined year over year, leaving execution of its turnaround as the key valuation driver.
• Negative Sentiment: The reported withdrawal eliminates the takeover premium that had supported PYPL during weeks of deal speculation. Reports cited valuation concerns, regulatory hurdles and a breakdown in negotiations; the abrupt reversal has therefore prompted investors to reassess PayPal at its lower standalone valuation. PayPal Shares Fall After Consortium Abandons Takeover Pursuit
• Negative Sentiment: Analysts, including Mizuho, are highlighting risks facing PayPal after the deal collapsed. The heavy trading volume and test of the 50-day moving average indicate heightened uncertainty as investors await evidence that the company can generate sufficient growth independently. Why PayPal Stock Is Down and What Mizuho Thinks Comes Next

Analyst Ratings Changes

Several research analysts have recently commented on PYPL shares. Wells Fargo & Company boosted their price objective on PayPal from $48.00 to $56.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. William Blair reiterated a “market perform” rating on shares of PayPal in a research report on Wednesday, July 15th. The Goldman Sachs Group set a $50.00 price target on shares of PayPal in a research note on Tuesday, July 28th. Bank of America lowered their price objective on shares of PayPal from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, UBS Group set a $45.00 price objective on shares of PayPal in a report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $56.14.

PayPal Trading Down 12.7%

PYPL stock opened at $53.66 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $45.90 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.31 and a beta of 1.30. The company’s 50 day moving average price is $53.88 and its two-hundred day moving average price is $48.11. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.21.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The company had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 5.38 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. PayPal’s dividend payout ratio is 10.59%.

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.