Glenview Trust Co Invests $468,000 in PayPal Holdings, Inc. $PYPL

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

Several other hedge funds have also added to or reduced their stakes in PYPL. North Star Asset Management Inc. bought a new stake in PayPal during the 2nd quarter worth approximately $10,693,000. Empowered Funds LLC bought a new stake in shares of PayPal in the second quarter worth $7,397,000. United Capital Financial Advisors LLC acquired a new stake in PayPal in the second quarter valued at $745,000. WNY Asset Management LLC acquired a new stake in PayPal in the second quarter valued at $401,000. Finally, Caitlin John LLC bought a new stake in shares of PayPal in the 2nd quarter valued at about $65,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal News Roundup

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. HSBC initiated coverage on PayPal in a research note on Friday, July 24th. They issued a “buy” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Tuesday, May 5th. Weiss Ratings raised shares of PayPal from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Bank of America lowered their price objective on PayPal from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group raised PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, July 28th. Nine equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.14.

PayPal Trading Down 12.7%

PYPL opened at $53.66 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.21. The firm has a market capitalization of $45.90 billion, a PE ratio of 10.14, a P/E/G ratio of 1.31 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. The company’s 50-day moving average is $53.88 and its 200 day moving average is $48.11.

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

PayPal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio (DPR) is presently 10.59%.

Insider Buying and Selling

In other PayPal news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total value of $253,715.52. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,888,723.68. The trade was a 11.84% decrease in their ownership of the stock. The sale 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 company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total value of $77,679.70. Following the completion of the transaction, the chief accounting officer owned 2,216 shares in the company, valued at approximately $128,749.60. The trade was a 37.63% decrease in their position. 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. Over the last 90 days, insiders sold 14,774 shares of company stock worth $738,249. 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.