Insider Selling: PayPal Holdings, Inc. (NASDAQ:PYPL) EVP Sells 3,838 Shares of Stock

Key Points

• Diego Scotti, EVP of PayPal Holdings, Inc., sold 3,838 shares of stock on July 31st, reducing his ownership by 18.43% and valuing his remaining shares at approximately $1.17 million.
• PayPal's stock has seen a 2.4% decline, trading at $67.11, with a market cap of $64.12 billion and a P/E ratio of 14.34.
• The company reported quarterly earnings of $1.40 EPS, exceeding analyst expectations, and anticipates an average of 5.03 EPS for the current year.

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) EVP Diego Scotti sold 3,838 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the completion of the transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Diego Scotti also recently made the following trade(s):

• On Friday, June 6th, Diego Scotti sold 3,839 shares of PayPal stock. The shares were sold at an average price of $73.24, for a total value of $281,168.36.

PayPal Trading Down 2.4%

Shares of PYPL stock 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. The stock has a market cap of $64.12 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.06 and a beta of 1.42. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $73.20 and a two-hundred day moving average of $72.55. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

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

Institutional Trading of PayPal

Several large investors have recently added to or reduced their stakes in PYPL. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the fourth quarter valued at about $25,000. Hurley Capital LLC bought a new position in shares of PayPal during the fourth quarter worth about $27,000. Hilltop National Bank bought a new position in PayPal during the 2nd quarter worth approximately $27,000. Bernard Wealth Management Corp. bought a new position in PayPal during the 4th quarter worth approximately $34,000. Finally, Pinney & Scofield Inc. bought a new position in PayPal during the 4th quarter worth approximately $35,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on PYPL. Piper Sandler set a $74.00 price target on PayPal in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a $75.00 price target on PayPal in a research report on Tuesday. Evercore ISI began coverage on PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target on the stock. BMO Capital Markets restated a "market perform" rating on shares of PayPal in a research report on Tuesday. Finally, Monness Crespi & Hardt dropped their price target on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal has an average rating of "Moderate Buy" and a consensus target price of $84.57.

PayPal Company Profile

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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