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

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

PayPal Stock Performance

NASDAQ:PYPL opened at $42.75 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.50. The stock has a market cap of $37.71 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34. The firm’s fifty day simple moving average is $46.27 and its 200-day simple moving average is $50.66.

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

PayPal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s dividend payout ratio is presently 10.51%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bard Associates Inc. purchased a new position in shares of PayPal during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 worth $27,000 after acquiring an additional 457 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in shares of PayPal during the 4th quarter worth about $28,000. Kelleher Financial Advisors purchased a new position in shares of PayPal during the 3rd quarter worth about $30,000. Finally, Advocate Investing Services LLC purchased a new position in PayPal in the fourth quarter valued at approximately $30,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

Wall Street Analyst Weigh In

PYPL has been the topic of a number of research reports. Rothschild & Co Redburn lowered their price objective on shares of PayPal from $50.00 to $32.00 and set a “sell” rating on the stock in a research note on Wednesday, February 11th. KGI Securities reissued a “hold” rating and issued a $55.00 price objective on shares of PayPal in a research note on Monday, March 2nd. Loop Capital initiated coverage on shares of PayPal in a research note on Tuesday, March 31st. They issued a “hold” rating and a $46.00 price objective on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $59.00 price objective on shares of PayPal in a research note on Wednesday, May 6th. Finally, Cantor Fitzgerald increased their price objective on shares of PayPal from $42.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $55.85.

Get 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.

Featured Stories

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

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