Suzan Kereere Sells 3,379 Shares of PayPal (NASDAQ:PYPL) Stock

PayPal Holdings, Inc. (NASDAQ:PYPL) insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $55.72, for a total transaction of $188,277.88. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,726,372.76. The trade was a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 18th, Suzan Kereere sold 4,162 shares of PayPal stock. The shares were sold at an average price of $60.96, for a total transaction of $253,715.52.

PayPal Stock Performance

PayPal stock opened at $52.17 on Thursday. The firm has a 50 day simple moving average of $55.62 and a 200-day simple moving average of $48.91. The stock has a market cap of $44.63 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.21.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results 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 net margin of 14.36% and a return on equity of 24.39%. The firm had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same quarter in the previous year, the company earned $1.40 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.14 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. PayPal’s payout ratio is currently 10.59%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PYPL shares. TD Cowen raised their price objective on PayPal from $48.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Mizuho set a $51.00 price target on shares of PayPal in a research report on Friday, August 28th. Truist Financial decreased their price objective on shares of PayPal from $62.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, August 31st. William Blair reiterated a “market perform” rating on shares of PayPal in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods boosted their target price on PayPal from $55.00 to $70.00 and gave the company an “outperform” rating in a research report 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, PayPal has an average rating of “Hold” and a consensus price target of $56.03.

Key PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal, M0 and MoonPay launched PYUSDx, a developer platform that allows businesses to build financial products using PayPal’s PYUSD stablecoin. The platform reportedly has three live projects and more than $100 million in processed volume, strengthening PayPal’s position in digital assets and potentially creating new transaction revenue opportunities. PayPal Debuts Developer Platform Tied to PYUSD Stablecoin
• Positive Sentiment: Analysts and investors continue to point to PayPal’s low valuation, recent earnings beat and stablecoin growth as potential turnaround catalysts. The company’s latest quarter included $1.38 in adjusted earnings per share versus a $1.28 consensus estimate and revenue growth of 4.8% year over year. PayPal’s Takeover Story Ended, But Its Turnaround Story Didn’t
• Neutral Sentiment: PayPal presented at the Goldman Sachs Communacopia + Technology Conference, giving investors another opportunity to assess management’s strategy and outlook. However, the available report is a transcript listing without specific new financial guidance or forecasts. PayPal Goldman Sachs conference transcript
• Neutral Sentiment: Insiders, including Frank Keller, Suzan Kereere and Chief Accounting Officer Chris Natali, sold shares worth roughly $474,000 combined. Because the transactions were made under pre-arranged Rule 10b5-1 plans, they provide only a limited signal about management’s current view of PYPL. PayPal insider selling
• Negative Sentiment: The proposed $60.50-per-share acquisition by Stripe and Advent collapsed, removing a near-term takeover premium and leaving investors reliant on PayPal’s standalone turnaround. PayPal takeover story ended
• Negative Sentiment: PayPal is reportedly conducting broad layoffs, including approximately 220 job cuts in India. Although the reductions could improve efficiency and margins, investors may interpret them as evidence of ongoing growth or operating pressures. PayPal layoffs

Institutional Trading of PayPal

Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in shares of PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after purchasing an additional 924 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in PayPal during the 4th quarter worth approximately $248,000. Sivia Capital Partners LLC boosted its position in PayPal by 41.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock valued at $332,000 after buying an additional 1,310 shares during the period. United Bank boosted its position in PayPal by 40.1% in the 2nd quarter. United Bank now owns 17,388 shares of the credit services provider’s stock valued at $1,292,000 after buying an additional 4,974 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of PayPal by 17.9% in the second quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock worth $1,405,000 after acquiring an additional 2,865 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

About PayPal

PayPal Holdings, Inc is a digital payments and financial technology company that operates a global platform for consumers and businesses. Its services enable customers to send and receive money, make purchases online and in stores, and accept payments through digital checkout solutions. PayPal supports transactions using linked bank accounts, debit and credit cards, stored balances and other payment methods.

The company’s consumer and merchant offerings include the PayPal wallet, PayPal Checkout, PayPal Zettle point-of-sale tools, PayPal Braintree payment processing and PayPal Complete Payments.