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

PayPal Holdings, Inc. (NASDAQ:PYPL) insider Frank Keller sold 4,612 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $55.43, for a total value of $255,643.16. Following the completion of the sale, the insider owned 41,567 shares in the company, valued at $2,304,058.81. This represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 29th, Frank Keller sold 732 shares of PayPal stock. The stock was sold at an average price of $58.10, for a total transaction of $42,529.20.

PayPal Stock Performance

NASDAQ PYPL opened at $52.17 on Thursday. The firm has a market cap of $44.63 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 1.13 and a beta of 1.28. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $55.62 and its 200-day moving average is $48.91. PayPal Holdings, Inc. has a 12-month low of $38.46 and a 12-month high of $79.21.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, topping 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 the consensus estimate of $8.47 billion. During the same period last year, the firm earned $1.40 EPS. PayPal’s revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.38 earnings per share for the current year.

PayPal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.14 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. PayPal’s payout ratio is 10.59%.

Analysts Set New Price Targets

Several research analysts have commented on PYPL shares. William Blair restated a “market perform” rating on shares of PayPal in a research note on Wednesday, July 15th. Royal Bank Of Canada upped their price target on PayPal from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Barclays increased their price target on shares of PayPal from $55.00 to $57.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Clear Str raised shares of PayPal to a “hold” rating in a research note on Thursday, July 16th. Finally, HSBC assumed coverage on shares of PayPal in a report on Friday, July 24th. They set a “buy” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.03.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal, M0 and MoonPay launched PYUSDx, a developer platform that allows businesses to build financial products using PayPal’s PYUSD stablecoin. The platform reportedly has three live projects and more than $100 million in processed volume, strengthening PayPal’s position in digital assets and potentially creating new transaction revenue opportunities. PayPal Debuts Developer Platform Tied to PYUSD Stablecoin
• Positive Sentiment: Analysts and investors continue to point to PayPal’s low valuation, recent earnings beat and stablecoin growth as potential turnaround catalysts. The company’s latest quarter included $1.38 in adjusted earnings per share versus a $1.28 consensus estimate and revenue growth of 4.8% year over year. PayPal’s Takeover Story Ended, But Its Turnaround Story Didn’t
• Neutral Sentiment: PayPal presented at the Goldman Sachs Communacopia + Technology Conference, giving investors another opportunity to assess management’s strategy and outlook. However, the available report is a transcript listing without specific new financial guidance or forecasts. PayPal Goldman Sachs conference transcript
• Neutral Sentiment: Insiders, including Frank Keller, Suzan Kereere and Chief Accounting Officer Chris Natali, sold shares worth roughly $474,000 combined. Because the transactions were made under pre-arranged Rule 10b5-1 plans, they provide only a limited signal about management’s current view of PYPL. PayPal insider selling
• Negative Sentiment: The proposed $60.50-per-share acquisition by Stripe and Advent collapsed, removing a near-term takeover premium and leaving investors reliant on PayPal’s standalone turnaround. PayPal takeover story ended
• Negative Sentiment: PayPal is reportedly conducting broad layoffs, including approximately 220 job cuts in India. Although the reductions could improve efficiency and margins, investors may interpret them as evidence of ongoing growth or operating pressures. PayPal layoffs

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PYPL. Bard Associates Inc. bought a new position in shares of PayPal during the 4th quarter valued at $25,000. Allied Private Wealth LLC bought a new stake in PayPal in the second quarter worth $25,000. Robinswood Financial LLC purchased a new stake in PayPal during the first quarter valued at about $26,000. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $27,000 after buying an additional 457 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of PayPal in the second quarter worth about $27,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Company Profile

PayPal Holdings, Inc is a digital payments and financial technology company that operates a global platform for consumers and businesses. Its services enable customers to send and receive money, make purchases online and in stores, and accept payments through digital checkout solutions. PayPal supports transactions using linked bank accounts, debit and credit cards, stored balances and other payment methods.

The company’s consumer and merchant offerings include the PayPal wallet, PayPal Checkout, PayPal Zettle point-of-sale tools, PayPal Braintree payment processing and PayPal Complete Payments.