Insider Selling: PayPal (NASDAQ:PYPL) Insider Sells 3,379 Shares of Stock

PayPal Holdings, Inc. (NASDAQ:PYPL) insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $55.72, for a total value of $188,277.88. Following the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,726,372.76. This trade represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 18th, Suzan Kereere sold 4,162 shares of PayPal stock. The stock was sold at an average price of $60.96, for a total transaction of $253,715.52.

PayPal Stock Down 3.2%

Shares of NASDAQ PYPL traded down $1.78 during trading on Tuesday, hitting $53.18. The stock had a trading volume of 9,714,165 shares, compared to its average volume of 18,377,672. The firm has a fifty day moving average of $55.26 and a two-hundred day moving average of $48.75. The company has a market capitalization of $45.49 billion, a PE ratio of 10.05, a PEG ratio of 1.17 and a beta of 1.28. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a 12 month low of $38.46 and a 12 month high of $79.21.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. The business had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 EPS. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 annualized dividend and a dividend yield of 1.1%. PayPal’s dividend payout ratio is currently 10.59%.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent analyst reports. Citigroup lifted their price target on PayPal from $48.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Cantor Fitzgerald upped their price objective on PayPal from $54.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. William Blair reaffirmed a “market perform” rating on shares of PayPal in a research report on Wednesday, July 15th. BNP Paribas Exane lifted their target price on PayPal from $43.50 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Finally, UBS Group set a $45.00 price target on shares of PayPal in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Hold” and an average price target of $56.03.

Hedge Funds Weigh In On PayPal

Several institutional investors have recently bought and sold shares of PYPL. BlackRock Inc. bought a new position in PayPal during the second quarter valued at $3,236,989,000. California State Teachers Retirement System raised its stake in shares of PayPal by 4,036.2% in the second quarter. California State Teachers Retirement System now owns 55,904,110 shares of the credit services provider’s stock valued at $2,413,939,000 after buying an additional 54,552,522 shares during the period. Bank of America Corp DE purchased a new position in shares of PayPal during the 2nd quarter valued at $975,563,000. Norges Bank purchased a new position in shares of PayPal during the 4th quarter valued at $949,758,000. Finally, Primecap Management Co. CA bought a new position in shares of PayPal during the 2nd quarter worth $422,092,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.