Traders Sell Paypal (PYPL) on Strength on Insider Selling

Traders sold shares of Paypal Holdings Inc (NASDAQ:PYPL) on strength during trading hours on Tuesday following insider selling activity. $79.96 million flowed into the stock on the tick-up and $135.64 million flowed out of the stock on the tick-down, for a money net flow of $55.68 million out of the stock. Of all companies tracked, Paypal had the 0th highest net out-flow for the day. Paypal traded up $0.61 for the day and closed at $92.27Specifically, EVP Adele Louise Pentland sold 3,056 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $89.08, for a total value of $272,228.48. Following the completion of the transaction, the executive vice president now directly owns 55,963 shares in the company, valued at $4,985,184.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO William J. Ready sold 27,458 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $85.89, for a total transaction of $2,358,367.62. Following the completion of the transaction, the chief operating officer now owns 85,485 shares of the company’s stock, valued at $7,342,306.65. The disclosure for this sale can be found here. Insiders sold 195,736 shares of company stock worth $16,945,066 in the last 90 days. 0.20% of the stock is owned by company insiders.

PYPL has been the subject of several recent analyst reports. Guggenheim cut shares of Paypal from a “buy” rating to a “neutral” rating and set a $90.82 price objective for the company. in a report on Wednesday. Zacks Investment Research upgraded shares of Paypal from a “sell” rating to a “hold” rating in a report on Monday, January 14th. Nomura decreased their price objective on shares of Paypal from $120.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, October 11th. BTIG Research upgraded shares of Paypal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $81.00 to $95.00 in a report on Friday, October 19th. Finally, BMO Capital Markets raised their target price on shares of Paypal from $112.00 to $119.00 and gave the stock an “outperform” rating in a report on Friday, October 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $96.75.

The company has a market capitalization of $108.01 billion, a P/E ratio of 51.54, a P/E/G ratio of 2.35 and a beta of 1.00.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same quarter last year, the business posted $0.55 EPS. The company’s revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Paypal Holdings Inc will post 2.14 EPS for the current year.

A number of institutional investors have recently bought and sold shares of PYPL. Security National Trust Co. lifted its position in Paypal by 3.0% in the 3rd quarter. Security National Trust Co. now owns 25,361 shares of the credit services provider’s stock worth $2,228,000 after buying an additional 730 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in Paypal by 8.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 733,302 shares of the credit services provider’s stock worth $61,663,000 after buying an additional 58,546 shares in the last quarter. Weatherly Asset Management L. P. lifted its position in Paypal by 2.7% in the 3rd quarter. Weatherly Asset Management L. P. now owns 89,784 shares of the credit services provider’s stock worth $7,887,000 after buying an additional 2,366 shares in the last quarter. Retirement Systems of Alabama lifted its position in Paypal by 16.3% in the 3rd quarter. Retirement Systems of Alabama now owns 1,075,336 shares of the credit services provider’s stock worth $94,458,000 after buying an additional 150,814 shares in the last quarter. Finally, Clinton Group Inc. purchased a new stake in Paypal in the 3rd quarter worth approximately $9,249,000. 79.30% of the stock is owned by hedge funds and other institutional investors.

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About Paypal (NASDAQ:PYPL)

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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