Insider Selling: PayPal (NASDAQ:PYPL) Insider Sells $196,194.48 in Stock

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) insider Frank Keller sold 4,612 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the completion of the sale, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $1,768,260.18. This trade represents a 9.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Frank Keller also recently made the following trade(s):

  • On Wednesday, April 29th, Frank Keller sold 10,732 shares of PayPal stock. The stock was sold at an average price of $49.96, for a total value of $536,170.72.

PayPal Stock Performance

Shares of PayPal stock opened at $41.29 on Friday. The stock has a market cap of $36.42 billion, a PE ratio of 7.75, a price-to-earnings-growth ratio of 1.03 and a beta of 1.34. The business has a fifty day simple moving average of $46.20 and a 200-day simple moving average of $50.59. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last issued its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The business had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter last year, the firm posted $1.33 earnings per share. PayPal’s revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

Hedge Funds Weigh In On PayPal

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after purchasing an additional 5,534,462 shares during the period. NEOS Investment Management LLC lifted its position in shares of PayPal by 47.8% during the 3rd quarter. NEOS Investment Management LLC now owns 411,262 shares of the credit services provider’s stock worth $27,579,000 after purchasing an additional 132,942 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in PayPal by 21.1% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 463,701 shares of the credit services provider’s stock valued at $31,096,000 after purchasing an additional 80,744 shares during the period. Capital Research Global Investors boosted its stake in PayPal by 2.3% during the 3rd quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock valued at $1,874,637,000 after purchasing an additional 636,441 shares during the period. Finally, Candriam S.C.A. boosted its stake in PayPal by 619.4% during the 3rd quarter. Candriam S.C.A. now owns 623,059 shares of the credit services provider’s stock valued at $41,782,000 after purchasing an additional 536,452 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on PYPL shares. Daiwa Securities Group upgraded PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of PayPal in a report on Tuesday, February 24th. Loop Capital started coverage on PayPal in a report on Tuesday, March 31st. They set a “hold” rating and a $46.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their price objective on PayPal from $50.00 to $45.00 in a report on Monday, May 11th. Finally, Mizuho reiterated a “neutral” rating and set a $50.00 price objective (down from $60.00) on shares of PayPal in a report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Hold” and a consensus price target of $55.85.

Check Out Our Latest Stock Report on PayPal

Key PayPal News

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About PayPal

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for PayPal (NASDAQ:PYPL)

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