Frank Keller Sells 4,612 Shares of PayPal (NASDAQ:PYPL) Stock

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) insider Frank Keller sold 4,612 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the sale, the insider directly owned 41,567 shares in the company, valued at $1,768,260.18. The trade was a 9.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Frank Keller also recently made the following trade(s):

  • On Wednesday, April 29th, Frank Keller sold 10,732 shares of PayPal stock. The stock was sold at an average price of $49.96, for a total value of $536,170.72.

PayPal Stock Up 0.3%

Shares of PYPL traded up $0.14 during midday trading on Thursday, hitting $42.75. The stock had a trading volume of 11,230,177 shares, compared to its average volume of 19,921,891. The company has a 50 day simple moving average of $46.30 and a two-hundred day simple moving average of $50.80. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The firm has a market cap of $37.71 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 1.11 and a beta of 1.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.26.

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

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

Key PayPal News

Here are the key news stories impacting PayPal this week:

Institutional Trading of PayPal

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after acquiring an additional 5,534,462 shares during the last quarter. NEOS Investment Management LLC raised its holdings in shares of PayPal by 47.8% during the third quarter. NEOS Investment Management LLC now owns 411,262 shares of the credit services provider’s stock valued at $27,579,000 after purchasing an additional 132,942 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in shares of PayPal by 21.1% during the third quarter. Kovitz Investment Group Partners LLC now owns 463,701 shares of the credit services provider’s stock valued at $31,096,000 after purchasing an additional 80,744 shares during the period. Capital Research Global Investors raised its holdings in shares of 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 worth $1,874,637,000 after acquiring an additional 636,441 shares during the last quarter. Finally, Candriam S.C.A. raised its holdings in shares of PayPal by 619.4% in the 3rd quarter. Candriam S.C.A. now owns 623,059 shares of the credit services provider’s stock worth $41,782,000 after acquiring an additional 536,452 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PYPL. BNP Paribas Exane raised their price objective on PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a report on Friday, April 10th. Cantor Fitzgerald boosted their price objective on PayPal from $42.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. BMO Capital Markets started coverage on shares of PayPal in a research report on Tuesday, April 21st. They issued a “market perform” rating and a $52.00 price target for the company. Finally, Zacks Research upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.85.

Get Our Latest Stock Report on PYPL

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.

Featured Stories

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

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