PayPal (NASDAQ:PYPL) CAO Chris Natali Sells 552 Shares of Stock

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) CAO Chris Natali sold 552 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.65, for a total transaction of $23,542.80. Following the transaction, the chief accounting officer directly owned 1,770 shares of the company’s stock, valued at $75,490.50. The trade was a 23.77% decrease in their ownership of the stock. The transaction 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.

Chris Natali also recently made the following trade(s):

  • On Wednesday, April 29th, Chris Natali sold 1,337 shares of PayPal stock. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02.

PayPal Trading Up 0.3%

PayPal stock opened at $42.75 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $46.27 and a two-hundred day moving average price of $50.66. The firm has a market capitalization of $37.71 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 1.07 and a beta of 1.34. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50.

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

PayPal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s payout ratio is presently 10.51%.

Analysts Set New Price Targets

A number of research firms have issued reports on PYPL. Dbs Bank raised shares of PayPal to a “hold” rating in a research note on Friday, February 6th. BMO Capital Markets began coverage on shares of PayPal in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $52.00 price target for the company. KGI Securities reaffirmed a “hold” rating and issued a $55.00 price target on shares of PayPal in a research note on Monday, March 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. Finally, BNP Paribas Exane upped their price target on shares of PayPal from $41.00 to $43.50 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Eight analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.85.

View Our Latest Analysis on PYPL

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

Institutional Investors Weigh In On PayPal

A number of large investors have recently made changes to their positions in PYPL. Vanguard Group Inc. increased its stake in PayPal by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after buying an additional 5,534,462 shares during the period. NEOS Investment Management LLC increased its stake in PayPal by 47.8% in the 3rd quarter. NEOS Investment Management LLC now owns 411,262 shares of the credit services provider’s stock valued at $27,579,000 after buying an additional 132,942 shares during the period. Kovitz Investment Group Partners LLC increased its stake in PayPal by 21.1% in 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 buying an additional 80,744 shares during the period. Capital Research Global Investors increased its stake in PayPal by 2.3% in 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 buying an additional 636,441 shares during the period. Finally, Candriam S.C.A. increased its stake in PayPal by 619.4% in 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 buying an additional 536,452 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.

Featured Stories

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

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.