Daniel H. Schulman Sells 30,000 Shares of Paypal Holdings Inc (NASDAQ:PYPL) Stock

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Paypal Holdings Inc (NASDAQ:PYPL) CEO Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $110.87, for a total transaction of $3,326,100.00. Following the completion of the sale, the chief executive officer now directly owns 457,074 shares in the company, valued at $50,675,794.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

PYPL stock opened at $104.02 on Thursday. The firm has a 50 day moving average of $108.18 and a 200-day moving average of $109.01. The company has a market cap of $124.06 billion, a price-to-earnings ratio of 58.11, a PEG ratio of 2.43 and a beta of 0.98. Paypal Holdings Inc has a 12-month low of $74.66 and a 12-month high of $121.48.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.12. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.33 billion. Paypal had a return on equity of 17.14% and a net margin of 15.36%. Paypal’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. As a group, equities research analysts expect that Paypal Holdings Inc will post 2.41 earnings per share for the current year.

Several brokerages have recently issued reports on PYPL. Bank of America reiterated a “buy” rating and issued a $131.00 price objective (up from $123.00) on shares of Paypal in a research note on Thursday, June 13th. Wedbush set a $140.00 price objective on shares of Paypal and gave the stock a “buy” rating in a research report on Friday, August 16th. Berenberg Bank reissued a “buy” rating and issued a $125.00 target price on shares of Paypal in a research report on Friday, July 26th. Rosenblatt Securities started coverage on shares of Paypal in a research report on Monday, August 19th. They set a “buy” rating and a $126.00 price objective on the stock. Finally, KeyCorp lifted their target price on Paypal from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $121.55.

Institutional investors have recently bought and sold shares of the business. Semmax Financial Advisors Inc. raised its position in Paypal by 630.2% during the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 271 shares during the last quarter. Mcmillion Capital Management Inc. acquired a new position in shares of Paypal in the second quarter worth $35,000. AGF Investments LLC raised its holdings in shares of Paypal by 55.6% in the second quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 110 shares during the last quarter. Private Ocean LLC lifted its position in shares of Paypal by 386.7% in the first quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 290 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Paypal in the first quarter valued at $42,000. 81.01% of the stock is currently owned by institutional investors.

About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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

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