AMG National Trust Bank Has $270,000 Position in PayPal Holdings, Inc. $PYPL

AMG National Trust Bank reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 69.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,975 shares of the credit services provider’s stock after selling 13,903 shares during the quarter. AMG National Trust Bank’s holdings in PayPal were worth $270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bard Associates Inc. acquired a new stake in shares of PayPal in the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of PayPal by 15,233.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 457 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in shares of PayPal in the fourth quarter worth approximately $28,000. Kelleher Financial Advisors bought a new stake in PayPal in the third quarter valued at approximately $30,000. Finally, Advocate Investing Services LLC bought a new stake in PayPal in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

In related news, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total value of $144,587.41. Following the completion of the sale, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,325,762.57. This trade represents a 9.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total value of $536,170.72. Following the completion of the sale, the insider owned 41,567 shares in the company, valued at $2,076,687.32. This represents a 20.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 20,612 shares of company stock worth $966,623. 0.63% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PYPL. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. William Blair reiterated a “market perform” rating on shares of PayPal in a research report on Wednesday. Cantor Fitzgerald reissued a “neutral” rating on shares of PayPal in a research note on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $59.00 target price on shares of PayPal in a report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PayPal in a research report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, thirty-three have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, PayPal currently has an average rating of “Hold” and an average target price of $54.61.

PayPal Stock Performance

Shares of PYPL stock opened at $56.73 on Friday. The firm has a 50-day moving average of $44.37 and a 200-day moving average of $47.16. The company has a market cap of $50.04 billion, a P/E ratio of 10.64, a P/E/G ratio of 1.39 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.50.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $8.35 billion during the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.32 EPS for the current fiscal year.

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were 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 was Thursday, June 4th. PayPal’s dividend payout ratio is currently 10.51%.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal surged after reports that Stripe and Advent made a $53 billion acquisition offer at $60.50 per share, creating a takeover premium and boosting investor optimism. Reuters: Stripe, Advent offer to buy PayPal for more than $53 billion
• Positive Sentiment: Analysts and investors are arguing the bid undervalues PayPal, with some estimates pointing to a higher fair value around $70 a share or more, which keeps takeover speculation alive. Article: Cantor sees potential for higher PayPal offer as analysis suggests $70/share value
• Neutral Sentiment: Barclays raised its price target to $55 and Canaccord lifted its target to $55, signaling some improvement in outlook, though both targets remain below the recent trading level. Article: Paypal (PYPL) Gains As Market Dips: What You Should Know
• Neutral Sentiment: PayPal’s board is reportedly viewing the Stripe-Advent proposal as inadequate, suggesting negotiations could continue and the final outcome is still uncertain. Reuters: PayPal board sees Stripe-Advent offer as inadequate, sources say
• Negative Sentiment: Regulatory and financing hurdles could complicate or delay any deal, which may temper some of the takeover enthusiasm if no quick resolution emerges. Reuters: PayPal board sees Stripe-Advent offer as inadequate, sources say

PayPal 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.