Insider Selling: PayPal (NASDAQ:PYPL) EVP Sells 3,478 Shares of Stock

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) EVP Frank Keller sold 3,478 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $40.20, for a total value of $139,815.60. Following the sale, the executive vice president owned 51,567 shares of the company’s stock, valued at $2,072,993.40. This represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

PayPal Stock Up 1.8%

PYPL traded up $0.73 on Monday, reaching $41.15. The company’s stock had a trading volume of 25,998,029 shares, compared to its average volume of 24,733,707. PayPal Holdings, Inc. has a 1 year low of $38.88 and a 1 year high of $79.50. The business’s 50 day moving average is $57.18 and its 200 day moving average is $64.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $37.89 billion, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06). The business had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.82 billion. PayPal had a return on equity of 25.42% and a net margin of 15.77%.PayPal’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 earnings per share. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, March 4th. PayPal’s dividend payout ratio (DPR) is currently 10.35%.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PYPL shares. President Capital reduced their price target on shares of PayPal from $91.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. HSBC cut PayPal from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research note on Wednesday, February 4th. Compass Point upgraded PayPal from a “sell” rating to a “neutral” rating and set a $51.00 target price for the company in a research report on Wednesday, February 4th. Macquarie Infrastructure boosted their price target on PayPal from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Sanford C. Bernstein reduced their price objective on PayPal from $62.00 to $45.00 and set a “market perform” rating on the stock in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating, thirty have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.46.

Check Out Our Latest Research Report on PYPL

Hedge Funds Weigh In On PayPal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of PayPal by 15.2% during 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 position in PayPal during the 4th quarter valued at about $248,000. Sivia Capital Partners LLC raised its position in shares of PayPal by 41.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after buying an additional 1,310 shares in the last quarter. Callan Family Office LLC raised its position in shares of PayPal by 184.6% during the 2nd quarter. Callan Family Office LLC now owns 28,481 shares of the credit services provider’s stock worth $2,117,000 after buying an additional 18,475 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in shares of PayPal in the 2nd quarter worth approximately $216,000. 68.32% of the stock is owned by institutional investors.

PayPal Company Profile

(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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