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

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) insider Frank Keller sold 4,612 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total transaction of $196,194.48. Following the sale, the insider directly owned 41,567 shares in the company, valued at $1,768,260.18. This trade 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, April 29th, Frank Keller sold 10,732 shares of PayPal stock. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72.

PayPal Stock Down 3.4%

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

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly 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. The business had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.33 earnings per share. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Dividend Announcement

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

Hedge Funds Weigh In On PayPal

Large investors have recently made changes to their positions in the business. Bard Associates Inc. bought a new position in shares of PayPal during the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of PayPal during the 4th quarter valued at about $28,000. Kelleher Financial Advisors bought a new position in shares of PayPal during the 3rd quarter valued at about $30,000. Finally, Advocate Investing Services LLC bought a new position in shares of PayPal during the 4th quarter valued at about $30,000. Institutional investors own 68.32% of the company’s stock.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

Analysts Set New Price Targets

PYPL has been the subject of several recent research reports. Rothschild & Co Redburn lowered their price target on shares of PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a research report on Wednesday, February 11th. The Goldman Sachs Group decreased their target price on shares of PayPal from $41.00 to $40.00 in a research report on Wednesday, May 6th. Raymond James Financial reiterated a “market perform” rating on shares of PayPal in a research report on Monday, February 23rd. Dbs Bank upgraded shares of PayPal to a “hold” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of PayPal in a research report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $55.85.

Check Out Our Latest Analysis on PYPL

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.

See Also

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

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.