452,072 Shares in PayPal Holdings, Inc. $PYPL Purchased by Midwest Trust Co

Midwest Trust Co bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 452,072 shares of the credit services provider’s stock, valued at approximately $33,598,000.

Several other institutional investors have also recently bought and sold shares of the company. Evermay Wealth Management LLC raised its holdings in shares of PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 363 shares during the last quarter. Hilltop National Bank bought a new position in PayPal in the second quarter valued at $27,000. MUFG Securities EMEA plc increased its stake in PayPal by 100.4% in the 2nd quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock valued at $29,000 after buying an additional 87,524 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in PayPal by 41.2% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock worth $31,000 after buying an additional 138 shares in the last quarter. Finally, American National Bank & Trust lifted its position in PayPal by 52.5% during the 2nd quarter. American National Bank & Trust now owns 610 shares of the credit services provider’s stock worth $45,000 after buying an additional 210 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Robert W. Baird set a $83.00 target price on PayPal in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods raised their price target on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, October 28th. Morgan Stanley reissued a “negative” rating on shares of PayPal in a report on Wednesday, October 29th. Finally, JMP Securities lowered their target price on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 30th. Fifteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Hold” and an average price target of $83.03.

Insider Buying and Selling

In other news, EVP Diego Scotti sold 3,838 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $68.97, for a total value of $264,706.86. Following the transaction, the executive vice president owned 16,989 shares of the company’s stock, valued at approximately $1,171,731.33. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Chris Natali sold 1,374 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $69.13, for a total value of $94,984.62. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 26,874 shares of company stock valued at $1,856,968. Company insiders own 0.08% of the company’s stock.

PayPal Stock Performance

PYPL opened at $66.22 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The business has a 50 day moving average of $68.77 and a 200-day moving average of $70.36. The stock has a market cap of $61.96 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.98 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The business had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.21 billion. During the same quarter in the prior year, the business earned $1.20 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. PayPal has set its Q4 2025 guidance at 1.270-1.310 EPS. FY 2025 guidance at 5.350-5.390 EPS. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 19th.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.