Suzan Kereere Sells 3,379 Shares of PayPal (NASDAQ:PYPL) Stock

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total value of $144,587.41. Following the sale, the insider directly owned 30,983 shares in the company, valued at approximately $1,325,762.57. This represents a 9.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PayPal Price Performance

Shares of PYPL opened at $41.29 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day simple moving average of $46.20 and a 200 day simple moving average of $50.59. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The firm has a market capitalization of $36.42 billion, a PE ratio of 7.75, a P/E/G ratio of 1.07 and a beta of 1.34.

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

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s payout ratio is currently 10.51%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Cantor Fitzgerald increased their target price on PayPal from $42.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Rothschild & Co Redburn reduced their price objective on PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a research report on Wednesday, February 11th. UBS Group increased their price objective on PayPal from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Loop Capital started coverage on PayPal in a research report on Tuesday, March 31st. They issued a “hold” rating and a $46.00 target price on the stock. Finally, Canaccord Genuity Group restated a “hold” rating and issued a $42.00 target price on shares of PayPal in a research note on Wednesday, May 20th. Eight research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.85.

View Our Latest Report on PayPal

Hedge Funds Weigh In On PayPal

A number of large investors have recently modified their holdings of PYPL. Vanguard Group Inc. grew its stake in shares of PayPal by 6.5% in 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 buying an additional 5,534,462 shares in the last quarter. NEOS Investment Management LLC raised its position in PayPal by 47.8% during the third quarter. NEOS Investment Management LLC now owns 411,262 shares of the credit services provider’s stock worth $27,579,000 after acquiring an additional 132,942 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in PayPal by 21.1% in 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 acquiring an additional 80,744 shares during the last quarter. Capital Research Global Investors grew its position 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 valued at $1,874,637,000 after acquiring an additional 636,441 shares during the period. Finally, Candriam S.C.A. grew its position 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 valued at $41,782,000 after acquiring an additional 536,452 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

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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