Insider Selling: PayPal (NASDAQ:PYPL) CAO Sells $77,679.70 in Stock

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $77,679.70. Following the completion of the sale, the chief accounting officer owned 2,216 shares of the company’s stock, valued at $128,749.60. This represents a 37.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, June 3rd, Chris Natali sold 552 shares of PayPal stock. The shares were sold at an average price of $42.65, for a total transaction of $23,542.80.

PayPal Stock Performance

PYPL stock traded down $0.70 on Thursday, hitting $57.65. The company had a trading volume of 11,958,003 shares, compared to its average volume of 19,628,756. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.21. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.55. The stock’s 50-day simple moving average is $46.50 and its 200 day simple moving average is $47.02. The stock has a market cap of $50.85 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.46 and a beta of 1.33.

PayPal (NASDAQ:PYPLGet Free Report) last announced its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The business had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.40 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.31 earnings per share for the current fiscal year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, September 4th. PayPal’s dividend payout ratio is 10.51%.

Wall Street Analyst Weigh In

PYPL has been the topic of several research reports. Jefferies Financial Group raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday. Citigroup increased their price objective on shares of PayPal from $48.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday. Cantor Fitzgerald reissued a “neutral” rating on shares of PayPal in a report on Thursday, July 16th. Royal Bank Of Canada boosted their target price on shares of PayPal from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $55.00 target price on shares of PayPal in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.50.

Read Our Latest Research Report on PayPal

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

  • Positive Sentiment: PayPal reported adjusted earnings of $1.38 per share, above the $1.28 consensus estimate, while revenue reached $8.68 billion versus expectations of $8.47 billion. Revenue increased 4.8% year over year, and management raised its full-year earnings outlook. PayPal profit beat and takeover coverage
  • Positive Sentiment: Management said branded checkout is stabilizing, Venmo continues to expand and cost-saving initiatives are supporting the turnaround. Several analysts raised their price targets after the results, including JPMorgan to $65 and KBW to $70; KBW also upgraded the stock to Outperform. Analysts raise PayPal forecasts
  • Positive Sentiment: Reported takeover interest from Stripe and Advent International, at approximately $60.50 per share, may provide a potential valuation floor and keeps strategic alternatives in focus. However, PayPal’s board reportedly viewed the offer as too low. PayPal takeover target coverage
  • Neutral Sentiment: Wall Street remains divided. Mizuho, Citi, TD Cowen, Wells Fargo, Baird and Canaccord raised or maintained targets but generally kept Neutral, Hold or Equal Weight ratings, reflecting limited upside at recent trading levels. Wall Street views on PayPal
  • Negative Sentiment: Investors remain concerned that PayPal’s core branded checkout has lost momentum and requires a new CEO and substantial execution improvement. Comparisons with Visa’s stronger payment-volume performance highlight the risk that payments growth and industry power are concentrating elsewhere. Visa versus PayPal post-earnings comparison
  • Negative Sentiment: Goldman Sachs reportedly warned investors to sell, while analysts cited margin pressure and execution risks. The earnings beat therefore has not yet convinced the market that PayPal’s turnaround is durable. Goldman Sachs PayPal warning

Institutional Trading of PayPal

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Maia Wealth LLC grew its stake in shares of PayPal by 2.5% during the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock valued at $424,000 after acquiring an additional 155 shares during the period. GeoWealth Management LLC increased its stake in shares of PayPal by 6.2% in the third quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock worth $216,000 after purchasing an additional 188 shares in the last quarter. Formidable Asset Management LLC raised its position in shares of PayPal by 0.8% during the 1st quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider’s stock valued at $1,173,000 after purchasing an additional 205 shares during the period. KPP Advisory Services LLC lifted its stake in shares of PayPal by 3.3% during the 1st quarter. KPP Advisory Services LLC now owns 6,625 shares of the credit services provider’s stock valued at $300,000 after buying an additional 214 shares in the last quarter. Finally, Leo Wealth LLC lifted its stake in shares of PayPal by 6.8% during the 4th quarter. Leo Wealth LLC now owns 3,564 shares of the credit services provider’s stock valued at $208,000 after buying an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.

See Also

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.