Evelyn Partners Investment Management Services Ltd Sells 24,476 Shares of PayPal Holdings, Inc. $PYPL

Evelyn Partners Investment Management Services Ltd reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 54.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,711 shares of the credit services provider’s stock after selling 24,476 shares during the period. Evelyn Partners Investment Management Services Ltd’s holdings in PayPal were worth $937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Norges Bank purchased a new stake in shares of PayPal during the fourth quarter valued at approximately $949,758,000. Vanguard Group Inc. raised its holdings in PayPal by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after buying an additional 5,534,462 shares during the last quarter. SG Americas Securities LLC raised its holdings in PayPal by 355.1% during the 1st quarter. SG Americas Securities LLC now owns 4,967,170 shares of the credit services provider’s stock valued at $224,665,000 after buying an additional 3,875,688 shares during the last quarter. AQR Capital Management LLC boosted its position in PayPal by 143.4% during the 4th quarter. AQR Capital Management LLC now owns 5,089,586 shares of the credit services provider’s stock valued at $297,130,000 after buying an additional 2,998,286 shares during the period. Finally, First Trust Advisors LP grew its holdings in PayPal by 65.9% in the 1st quarter. First Trust Advisors LP now owns 5,123,978 shares of the credit services provider’s stock worth $231,757,000 after acquiring an additional 2,035,268 shares during the last quarter. 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: 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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Telsey Advisory Group cut shares of PayPal to a “market perform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PayPal from $50.00 to $45.00 in a report on Monday, May 11th. The Goldman Sachs Group raised their target price on PayPal from $41.00 to $48.00 and gave the stock a “sell” rating in a research note on Thursday, July 9th. Bank of America reduced their price target on PayPal from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Wednesday, July 15th. Nine investment analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, PayPal has an average rating of “Hold” and an average target price of $54.96.

PayPal Trading Down 0.1%

NASDAQ:PYPL opened at $56.07 on Tuesday. The company has a 50-day moving average price of $45.94 and a 200-day moving average price of $47.02. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. 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 stock has a market cap of $49.46 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.40 and a beta of 1.33.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts predict that PayPal Holdings, Inc. will post 5.32 EPS for the current year.

PayPal Dividend Announcement

The company also recently disclosed 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 of this dividend was Thursday, June 4th. PayPal’s payout ratio is presently 10.51%.

Insiders Place Their Bets

In related news, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total transaction of $66,128.02. Following the sale, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the stock in a transaction on 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 transaction, the insider owned 41,567 shares of the company’s stock, valued at approximately $2,076,687.32. This trade represents a 20.52% decrease in their position. 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 quarter, insiders have sold 20,612 shares of company stock worth $966,623. Company insiders own 0.63% of the company’s stock.

About PayPal

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.