Diego Scotti Sells 3,839 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) Stock

PayPal Holdings, Inc. (NASDAQ:PYPL) EVP Diego Scotti sold 3,839 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the transaction, the executive vice president now owns 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

PayPal Price Performance

PayPal stock opened at $74.76 on Wednesday. The stock has a market capitalization of $72.71 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.27 and a beta of 1.45. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The stock’s 50 day moving average price is $67.23 and its two-hundred day moving average price is $76.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.84 billion. During the same period last year, the business earned $1.08 EPS. PayPal’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. BMO Capital Markets reduced their price objective on shares of PayPal from $83.00 to $79.00 and set a “market perform” rating for the company in a research report on Wednesday, April 30th. Bank of America reduced their price objective on shares of PayPal from $103.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Morgan Stanley lifted their price objective on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, Monness Crespi & Hardt reduced their price objective on shares of PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PayPal presently has an average rating of “Hold” and a consensus target price of $83.29.

Institutional Trading of PayPal

A number of hedge funds and other institutional investors have recently bought and sold shares of PYPL. Norges Bank bought a new stake in PayPal during the 4th quarter valued at $1,086,508,000. Capital Research Global Investors increased its stake in PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares in the last quarter. Nuveen LLC bought a new stake in PayPal during the 1st quarter valued at $529,264,000. Artisan Partners Limited Partnership increased its stake in PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock valued at $666,100,000 after purchasing an additional 5,772,198 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in PayPal by 44.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider’s stock valued at $558,499,000 after purchasing an additional 2,638,815 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.