PayPal Holdings, Inc. (NASDAQ:PYPL) EVP Sells $281,168.36 in Stock

PayPal Holdings, Inc. (NASDAQ:PYPL) EVP Diego Scotti sold 3,839 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the transaction, the executive vice president now directly owns 16,989 shares of the company’s stock, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

PayPal Stock Up 0.2%

Shares of PayPal stock traded up $0.12 during trading hours on Monday, reaching $73.55. 6,163,611 shares of the company’s stock were exchanged, compared to its average volume of 11,073,488. The company has a 50 day moving average of $66.84 and a two-hundred day moving average of $76.13. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $71.53 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.27 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the business posted $1.08 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PYPL. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal during the fourth quarter worth $25,000. Hurley Capital LLC bought a new stake in PayPal in the fourth quarter valued at $27,000. Evermay Wealth Management LLC increased its stake in PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Garde Capital Inc. bought a new stake in shares of PayPal during the first quarter worth about $28,000. Finally, Tsfg LLC grew its position in PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PYPL. Canaccord Genuity Group reaffirmed a “buy” rating and set a $96.00 price objective on shares of PayPal in a research report on Wednesday, April 30th. Macquarie cut their price objective on shares of PayPal from $117.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Royal Bank of Canada cut their price objective on shares of PayPal from $104.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Truist Financial began coverage on shares of PayPal in a research report on Monday, June 2nd. They issued a “sell” rating and a $68.00 price target for the company. Finally, Citigroup dropped their price target on shares of PayPal from $98.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.29.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.