PayPal (NASDAQ:PYPL) Insider Suzan Kereere Sells 4,162 Shares of Stock

PayPal Holdings, Inc. (NASDAQ:PYPL) insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total value of $253,715.52. Following the completion of the transaction, the insider owned 30,983 shares of the company’s stock, valued at $1,888,723.68. The trade was a 11.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Suzan Kereere also recently made the following trade(s):

• On Wednesday, June 3rd, Suzan Kereere sold 3,379 shares of PayPal stock. The shares were sold at an average price of $42.79, for a total value of $144,587.41.

PayPal Price Performance

NASDAQ PYPL opened at $61.25 on Thursday. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.21. The stock has a 50-day moving average of $51.31 and a 200 day moving average of $47.35. The company has a market capitalization of $52.40 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The company had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.47 billion. During the same period in the previous year, the business posted $1.40 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. PayPal’s payout ratio is currently 10.59%.

More PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: New tuition-payment integrations expand PayPal’s reach. PayPal and Venmo can now be used to pay tuition and fees through Illumia, Nelnet Campus Commerce and TouchNet. The services are already available at schools including Bellarmine, Butler, Kansas State, Michigan State and Texas Tech, potentially increasing transaction volume and user engagement. The near-term revenue impact is uncertain, but the expansion adds another recurring payment use case. PayPal and Venmo Expand to Tuition Payments
• Positive Sentiment: Takeover interest remains a potential catalyst. Reports say discussions involving Stripe and Advent International have resurfaced, reviving expectations that PayPal could receive a takeover offer. No transaction has been announced, so the potential premium is speculative and dependent on valuation, financing and regulatory approval. PayPal Takeover Talks Resurface
• Neutral Sentiment: Options indicate elevated uncertainty. The options market implies a wide trading range for PayPal over the next year, reflecting uncertainty about the company’s turnaround and possible corporate activity rather than a clear directional outlook. PayPal Options Market Outlook
• Neutral Sentiment: An insider sale provides a limited cautionary signal. Director Suzan Kereere sold 4,162 shares for approximately $253,716 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and she retained most of her holdings, it does not necessarily indicate a change in management’s outlook. PayPal Insider Sale Filing
• Negative Sentiment: Competitive and valuation concerns remain. TikTok is reportedly developing peer-to-peer payments through direct messages, potentially challenging Venmo’s social-payment positioning. Separately, Jim Cramer argued that several fintech stocks, including PayPal, may be priced for overly optimistic outcomes. TikTok Payment Feature Report

Institutional Trading of PayPal

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC increased its holdings 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 acquiring an additional 924 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in PayPal in the 4th quarter worth approximately $248,000. Sivia Capital Partners LLC boosted its stake in PayPal by 41.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after purchasing an additional 1,310 shares in the last quarter. United Bank grew its position in PayPal by 40.1% during the 2nd quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after purchasing an additional 4,974 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in PayPal by 17.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock worth $1,405,000 after purchasing an additional 2,865 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on PYPL. Wells Fargo & Company increased their price target on PayPal from $48.00 to $56.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of PayPal from $46.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Argus set a $70.00 price target on shares of PayPal in a research note on Wednesday, July 29th. Telsey Advisory Group lowered shares of PayPal to a “market perform” rating in a research report on Friday, July 24th. Finally, HSBC started coverage on shares of PayPal in a research note on Friday, July 24th. They issued a “buy” rating for the company. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, PayPal presently has an average rating of “Hold” and a consensus target price of $56.28.

About PayPal

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.