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

PayPal Holdings, Inc. (NASDAQ:PYPL) insider Frank Keller sold 4,612 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $55.43, for a total transaction of $255,643.16. Following the sale, the insider directly owned 41,567 shares in the company, valued at approximately $2,304,058.81. This trade represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, July 29th, Frank Keller sold 732 shares of PayPal stock. The stock was sold at an average price of $58.10, for a total transaction of $42,529.20.

PayPal Stock Performance

Shares of NASDAQ PYPL traded down $1.78 during midday trading on Tuesday, hitting $53.18. The company’s stock had a trading volume of 9,714,165 shares, compared to its average volume of 18,377,672. The stock has a fifty day moving average price of $55.26 and a 200 day moving average price of $48.75. The firm has a market capitalization of $45.49 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 1.17 and a beta of 1.28. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.21. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same period in the previous year, the company posted $1.40 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, research analysts forecast that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio (DPR) is currently 10.59%.

Hedge Funds Weigh In On PayPal

A number of hedge funds have recently modified their holdings of PYPL. Maia Wealth LLC grew its position in shares of PayPal by 2.5% in the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after buying an additional 155 shares during the last quarter. GeoWealth Management LLC boosted its stake in PayPal by 6.2% during the third quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock worth $216,000 after acquiring an additional 188 shares in the last quarter. Formidable Asset Management LLC increased its stake in shares of PayPal by 0.8% during the first quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider’s stock valued at $1,173,000 after purchasing an additional 205 shares in the last quarter. KPP Advisory Services LLC increased its stake in shares of PayPal by 3.3% during the first quarter. KPP Advisory Services LLC now owns 6,625 shares of the credit services provider’s stock valued at $300,000 after purchasing an additional 214 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC lifted its holdings in shares of PayPal by 3.5% during the first quarter. Jackson Thornton Wealth Management LLC now owns 7,110 shares of the credit services provider’s stock valued at $322,000 after purchasing an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PYPL shares. Cantor Fitzgerald boosted their price objective on shares of PayPal from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. UBS Group set a $45.00 target price on shares of PayPal in a research report on Wednesday, July 29th. TD Cowen boosted their price target on shares of PayPal from $48.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $50.00 price objective on PayPal in a research note on Tuesday, July 28th. Finally, BNP Paribas Exane boosted their target price on PayPal from $43.50 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, PayPal currently has an average rating of “Hold” and an average target price of $56.03.

About PayPal

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.