Insider Selling: PayPal Holdings, Inc. (NASDAQ:PYPL) CAO Sells 7,102 Shares of Stock

Key Points

• PayPal's CAO Chris Natali sold 7,102 shares of the company's stock at an average price of $69.35, amounting to a total sale value of approximately $492,524.
• The stock closed at $67.11 following the sale and has fluctuated between a one-year low of $55.85 and a high of $93.66.
• Analysts have mixed ratings for PayPal, with a consensus target price of $84.57 and 19 analysts rating it as a buy, while two rated it as a sell.

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) CAO Chris Natali sold 7,102 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total value of $492,523.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PayPal Stock Performance

NASDAQ PYPL traded down $1.65 on Friday, reaching $67.11. 15,163,964 shares of the stock were exchanged, compared to its average volume of 11,875,645. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The firm has a market capitalization of $64.12 billion, a PE ratio of 14.34, a PEG ratio of 1.06 and a beta of 1.42. The company's 50-day simple moving average is $73.20 and its two-hundred day simple moving average is $72.55. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same quarter in the previous year, the firm earned $1.19 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Security National Bank of SO Dak lifted its stake in shares of PayPal by 1.1% during the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after purchasing an additional 137 shares during the period. Gordian Capital Singapore Pte Ltd boosted its stake in shares of PayPal by 41.2% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock valued at $31,000 after buying an additional 138 shares during the last quarter. GSB Wealth Management LLC lifted its position in shares of PayPal by 1.7% during the second quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider's stock worth $606,000 after purchasing an additional 140 shares during the last quarter. CreativeOne Wealth LLC lifted its position in shares of PayPal by 1.5% during the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider's stock worth $613,000 after purchasing an additional 142 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its position in shares of PayPal by 5.1% during the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock worth $257,000 after purchasing an additional 145 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 recently weighed in on the company. Truist Financial assumed coverage on PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $75.00 price target on PayPal in a research note on Tuesday. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Morgan Stanley reiterated a "positive" rating on shares of PayPal in a research report on Wednesday. Finally, Compass Point started coverage on PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price for the company. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.57.

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.

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