Insider Selling: Paypal Holdings Inc (PYPL) EVP Sells $70,848.00 in Stock
Paypal Holdings Inc (NASDAQ:PYPL) EVP Gary J. Marino sold 1,350 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $1,967,527.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Paypal Holdings Inc (NASDAQ PYPL) traded up 0.552% during mid-day trading on Wednesday, hitting $53.695. 2,945,297 shares of the stock were exchanged. The firm has a market cap of $64.50 billion, a P/E ratio of 45.893 and a beta of 0.91. Paypal Holdings Inc has a 12 month low of $34.00 and a 12 month high of $54.07. The stock’s 50 day moving average is $48.89 and its 200 day moving average is $43.27.
Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. Paypal Holdings had a return on equity of 10.69% and a net margin of 12.92%. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business earned $0.37 EPS. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. Analysts expect that Paypal Holdings Inc will post $1.78 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Paypal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock worth $2,585,670,000 after buying an additional 58,026,239 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Paypal Holdings by 128.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 76,139,003 shares of the credit services provider’s stock worth $3,119,415,000 after buying an additional 42,783,928 shares during the last quarter. FMR LLC increased its position in Paypal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock worth $2,600,728,000 after buying an additional 13,296,056 shares during the last quarter. Lone Pine Capital LLC purchased a new position in Paypal Holdings during the fourth quarter worth about $493,348,000. Finally, Norges Bank purchased a new position in Paypal Holdings during the fourth quarter worth about $344,012,000. Institutional investors and hedge funds own 81.22% of the company’s stock.
Several equities analysts recently weighed in on PYPL shares. Jefferies Group LLC restated a “buy” rating on shares of Paypal Holdings in a research report on Wednesday, February 15th. Deutsche Bank AG restated a “buy” rating and set a $52.00 price target on shares of Paypal Holdings in a research report on Saturday, March 11th. Stifel Nicolaus restated a “buy” rating and set a $49.00 price target on shares of Paypal Holdings in a research report on Friday, February 17th. Vetr lowered shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $46.96 price target for the company. in a research report on Thursday, February 16th. Finally, BTIG Research restated a “buy” rating and set a $24.00 price target on shares of Paypal Holdings in a research report on Thursday, February 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $49.26.
Paypal Holdings Company Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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