Insider Selling: PayPal (NASDAQ:PYPL) Insider Sells $255,643.16 in Stock

Key Points

• PayPal insider Frank Keller sold 4,612 shares for approximately $255,643 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct holdings by 9.99% to 41,567 shares.
• PayPal shares fell 3.2% to $53.18, while the company reported quarterly adjusted earnings of $1.38 per share and revenue of $8.68 billion, exceeding analyst estimates.
• Analysts maintain a consensus “Hold” rating with a $56.03 average price target; PayPal also declared a quarterly dividend of $0.14 per share, representing a 1.1% yield.

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) insider Frank Keller sold 4,612 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $55.43, for a total value of $255,643.16. Following the sale, the insider directly owned 41,567 shares of the company's stock, valued at $2,304,058.81. This represents a 9.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, July 29th, Frank Keller sold 732 shares of PayPal stock. The stock was sold at an average price of $58.10, for a total value of $42,529.20.

PayPal Trading Down 3.2%

PYPL traded down $1.78 during 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 firm has a market capitalization of $45.49 billion, a P/E ratio of 10.05, a PEG ratio of 1.17 and a beta of 1.28. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.21. The stock's fifty day moving average price is $55.26 and its 200-day moving average price is $48.75. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.55.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The company had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter last year, the firm posted $1.40 EPS. The company's quarterly revenue was up 4.8% on a year-over-year basis. Analysts anticipate that PayPal Holdings, Inc. will post 5.38 EPS for the current year.

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. PayPal's dividend payout ratio is currently 10.59%.

Institutional Trading of PayPal

Large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after purchasing an additional 924 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in PayPal in the fourth quarter worth $248,000. Sivia Capital Partners LLC increased its position in PayPal by 41.5% in the second quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider's stock worth $332,000 after buying an additional 1,310 shares during the last quarter. United Bank raised its stake in shares of PayPal by 40.1% in the second quarter. United Bank now owns 17,388 shares of the credit services provider's stock valued at $1,292,000 after buying an additional 4,974 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of PayPal by 17.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider's stock valued at $1,405,000 after buying an additional 2,865 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research reports. TD Cowen raised their target price on PayPal from $48.00 to $59.00 and gave the company a "hold" rating in a research note on Wednesday, July 29th. Argus set a $70.00 price target on PayPal in a report on Wednesday, July 29th. Cantor Fitzgerald boosted their price objective on PayPal from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Mizuho set a $51.00 target price on PayPal in a research report on Friday, August 28th. Finally, Morgan Stanley set a $45.00 price objective on shares of PayPal in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, thirty-four have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.

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