Suzan Kereere Sells 4,162 Shares of PayPal (NASDAQ:PYPL) Stock

PayPal Holdings, Inc. (NASDAQ:PYPL) insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total transaction of $253,715.52. Following the completion of the sale, the insider owned 30,983 shares in the company, valued at $1,888,723.68. This represents a 11.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Suzan Kereere also recently made the following trade(s):

• On Wednesday, June 3rd, Suzan Kereere sold 3,379 shares of PayPal stock. The shares were sold at an average price of $42.79, for a total value of $144,587.41.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $62.30 on Friday. The business has a fifty day moving average of $51.73 and a 200-day moving average of $47.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.21. The firm has a market cap of $53.30 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.30.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The firm had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter in the previous year, the company posted $1.40 EPS. PayPal’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. PayPal’s dividend payout ratio (DPR) is 10.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PYPL shares. Piper Sandler increased their price target on PayPal from $42.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday. Barclays increased their target price on PayPal from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods lifted their price target on shares of PayPal from $55.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada increased their price objective on shares of PayPal from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Wednesday, July 15th. Nine investment analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.28.

Hedge Funds Weigh In On PayPal

Institutional investors have recently added to or reduced their stakes in the company. 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 buying an additional 5,534,462 shares during the last quarter. Rule One Partners LLC bought a new position in PayPal during the 4th quarter valued at $2,043,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in PayPal during the 2nd quarter valued at $97,372,000. S&CO Inc. acquired a new position in PayPal during the 2nd quarter worth $18,827,000. Finally, Swiss National Bank increased its position in shares of PayPal by 4.9% in the 1st quarter. Swiss National Bank now owns 2,608,600 shares of the credit services provider’s stock worth $117,987,000 after purchasing an additional 121,400 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Takeover speculation supported the stock. Deal chatter involving a possible Stripe and Advent International offer resurfaced, encouraging investors to view PayPal as a potential acquisition target. No offer or transaction has been confirmed, so the catalyst remains speculative. PayPal takeover speculation
• Positive Sentiment: Tuition-payment integrations expand PayPal’s potential transaction volume. PayPal and Venmo are now available through Illumia, Nelnet Campus Commerce and TouchNet, with participating schools including Bellarmine University, Butler University, Kansas State University, Michigan State University and Texas Tech. The initiative adds a recurring, high-value payment use case, though its near-term revenue contribution is unclear. PayPal and Venmo tuition-payment expansion
• Positive Sentiment: PayPal outperformed some buy-now-pay-later peers. Klarna and Affirm declined as PayPal remained positive, suggesting investors may be favoring the scale, established customer base and broader financial-services platform of more mature payment companies. PayPal and BNPL stock rotation
• Neutral Sentiment: Options pricing reflects substantial uncertainty. The options market implies a broad potential trading range over the coming year, consistent with uncertainty surrounding PayPal’s turnaround prospects and possible corporate activity. PayPal options outlook
• Neutral Sentiment: An insider sale was a modest cautionary signal. Suzan Kereere sold 4,162 shares worth approximately $253,716 under a pre-arranged Rule 10b5-1 plan. She retained 30,983 shares, reducing the significance of the transaction as an indicator of business prospects. PayPal insider sale filing
• Negative Sentiment: Competitive and valuation risks remain. TikTok is reportedly developing a peer-to-peer payment feature that could challenge Venmo’s social-payments positioning. Jim Cramer also warned that some fintech stocks, including PayPal, may be priced for optimistic outcomes. TikTok peer-to-peer payment report

About PayPal

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.