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

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total value of $144,587.41. Following the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,325,762.57. This trade represents a 9.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

PayPal Trading Up 0.3%

PYPL traded up $0.14 during midday trading on Thursday, reaching $42.75. 11,230,177 shares of the company were exchanged, compared to its average volume of 19,921,891. 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. The stock has a market capitalization of $37.71 billion, a P/E ratio of 8.02, a PEG ratio of 1.11 and a beta of 1.34. The stock’s 50-day simple moving average is $46.30 and its 200 day simple moving average is $50.80.

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

PayPal Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on PYPL. Sanford C. Bernstein reiterated a “market perform” rating on shares of PayPal in a report on Tuesday, February 24th. Raymond James Financial reiterated a “market perform” rating on shares of PayPal in a report on Monday, February 23rd. BMO Capital Markets began coverage on PayPal in a report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 price objective on the stock. Wolfe Research reiterated a “sell” rating on shares of PayPal in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. cut their price objective on PayPal from $70.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Hold” and an average price target of $55.85.

View Our Latest Stock Report on PayPal

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

Institutional Investors Weigh In On PayPal

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in PayPal by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after acquiring an additional 5,534,462 shares in the last quarter. Capital Research Global Investors lifted its stake in PayPal by 2.3% in the 3rd quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock valued at $1,874,637,000 after acquiring an additional 636,441 shares in the last quarter. Bank of America Corp DE lifted its stake in PayPal by 67.9% in the 1st quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock valued at $1,158,554,000 after acquiring an additional 10,356,256 shares in the last quarter. Norges Bank bought a new stake in PayPal in the 4th quarter valued at approximately $949,758,000. Finally, Amundi lifted its stake in PayPal by 227.6% in the 1st quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock valued at $624,364,000 after acquiring an additional 9,590,488 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

About PayPal

(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)

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