PayPal Holdings, Inc. $PYPL Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 74.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,908 shares of the credit services provider’s stock after selling 17,600 shares during the quarter. CHICAGO TRUST Co NA’s holdings in PayPal were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PYPL. Bard Associates Inc. acquired a new stake in shares of PayPal in the fourth quarter worth approximately $25,000. Allied Private Wealth LLC acquired a new position in PayPal during the second quarter worth approximately $25,000. Robinswood Financial LLC acquired a new position in PayPal during the first quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd raised its stake in PayPal by 15,233.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 457 shares during the period. Finally, Safe Harbor Fiduciary LLC purchased a new position in PayPal during the fourth quarter worth approximately $28,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the sale, the insider owned 30,983 shares in the company, valued at $1,325,762.57. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $77,679.70. Following the transaction, the chief accounting officer directly owned 2,216 shares in the company, valued at approximately $128,749.60. The trade was a 37.63% 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. In the last ninety days, insiders have sold 10,612 shares of company stock valued at $484,534. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several research reports. Canaccord Genuity Group reissued a “hold” rating and set a $55.00 price objective on shares of PayPal in a research note on Wednesday, July 29th. Argus set a $70.00 target price on PayPal in a research report on Wednesday, July 29th. Barclays lifted their target price on PayPal from $55.00 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Clear Str raised PayPal to a “hold” rating in a research report on Thursday, July 16th. Finally, TD Cowen upped their price target on PayPal from $48.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, PayPal currently has an average rating of “Hold” and a consensus price target of $55.72.

PayPal Stock Up 0.3%

Shares of PayPal stock opened at $59.20 on Thursday. The company has a fifty day moving average price of $49.37 and a 200 day moving average price of $47.15. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.21. The stock has a market cap of $50.64 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.30.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, beating the consensus estimate 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 period last year, the company posted $1.40 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.37 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 annualized dividend and a yield of 0.9%. PayPal’s payout ratio is 10.59%.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Venmo growth supports the recovery story. Venmo’s total payment volume is growing at a mid-teens rate, giving PayPal an important source of transaction growth. Increasing adoption of products such as payments, credit and other monetization tools could help convert that activity into faster revenue growth. PayPal’s Venmo: Can Monetization Sustain Its Mid-Teens Growth?
• Positive Sentiment: Recent earnings and operational improvements remain supportive. PayPal reported quarterly earnings of $1.38 per share, ahead of the $1.28 consensus estimate, while revenue of $8.68 billion also exceeded expectations. Commentary highlighting improvements under CEO Enrique Lores and PayPal’s strong July performance has reinforced the view that the company may be stabilizing after a difficult period. Jim Cramer Examines PayPal Holdings Performance Under Enrique Lores and M&A Speculation
• Neutral Sentiment: Valuation and M&A speculation are influencing sentiment. Analysts and commentators are debating whether PayPal remains undervalued following its recent share-price gains. Reported speculation about a potential buyout proposal has added an additional catalyst, but there is no confirmed transaction, making this a source of volatility rather than a firm fundamental driver. Is PayPal Holdings (PYPL) Undervalued After Earnings And Its Recent Share Price Jump?
• Negative Sentiment: Investors remain concerned about monetization and the sustainability of growth. Venmo’s strong payment-volume expansion will not necessarily produce comparable revenue growth unless PayPal can increase product usage and monetization. After the stock’s sharp recent advance, any evidence that revenue conversion or profitability is lagging expectations could limit further upside. PayPal’s Venmo: Can Monetization Sustain Its Mid-Teens Growth?

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.