PayPal (NASDAQ:PYPL) Insider Sells $144,587.41 in Stock

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) insider Suzan Kereere sold 3,379 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the sale, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,325,762.57. This represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PayPal Stock Down 3.4%

Shares of PYPL stock opened at $41.29 on Friday. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.50. The stock has a market cap of $36.42 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.03 and a beta of 1.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $46.20 and a two-hundred day simple moving average of $50.59.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The firm had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 earnings per share. On average, research analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. PayPal’s dividend payout ratio is 10.51%.

More PayPal News

Here are the key news stories impacting PayPal this week:

Hedge Funds Weigh In On PayPal

A number of hedge funds and other institutional investors have recently modified their holdings of PYPL. Bard Associates Inc. bought a new position in shares of PayPal during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of PayPal by 15,233.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 457 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of PayPal during the fourth quarter worth $28,000. Kelleher Financial Advisors bought a new position in shares of PayPal during the third quarter worth $30,000. Finally, Advocate Investing Services LLC bought a new position in shares of PayPal during the fourth quarter worth $30,000. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

PYPL has been the subject of a number of analyst reports. Daiwa Securities Group raised shares of PayPal from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 6th. BMO Capital Markets initiated coverage on shares of PayPal in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $52.00 price objective for the company. KGI Securities reissued a “hold” rating and issued a $55.00 price objective on shares of PayPal in a research note on Monday, March 2nd. Sanford C. Bernstein reissued a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Finally, Rothschild & Co Redburn reduced their price objective on shares of PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a research note on Wednesday, February 11th. Eight investment 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $55.85.

Check Out Our Latest Research 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.

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

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