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

Key Points

• PayPal insider sale: Suzan Kereere sold 3,379 PayPal shares for approximately $188,278 under a pre-arranged Rule 10b5-1 trading plan, reducing her ownership by 9.83% to 30,983 shares.
• Stock and earnings: PayPal shares fell 3.2% to $53.18. The company recently reported quarterly EPS of $1.38 and revenue of $8.68 billion, exceeding analyst estimates.
• Dividend and analyst view: PayPal declared a quarterly dividend of $0.14 per share, equating to a 1.1% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $56.03.

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) insider Suzan Kereere sold 3,379 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $55.72, for a total value of $188,277.88. Following the completion of the transaction, the insider directly owned 30,983 shares in the company, valued at $1,726,372.76. This represents a 9.83% decrease in their ownership of the stock. The sale 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.

Suzan Kereere also recently made the following trade(s):

• On Tuesday, August 18th, Suzan Kereere sold 4,162 shares of PayPal stock. The shares were sold at an average price of $60.96, for a total value of $253,715.52.

PayPal Trading Down 3.2%

NASDAQ PYPL traded down $1.78 during trading hours on Tuesday, hitting $53.18. 9,714,165 shares of the company's stock were exchanged, compared to its average volume of 18,377,672. The firm has a market cap of $45.49 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 1.17 and a beta of 1.28. The stock has a 50-day simple moving average of $55.26 and a 200 day simple moving average of $48.75. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. PayPal Holdings, Inc. has a 1-year low of $38.46 and a 1-year high of $79.21.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. The firm had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The company's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.40 earnings per share. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Rule One Partners LLC bought a new position in PayPal in the 4th quarter valued at about $2,043,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in PayPal during the 2nd quarter worth approximately $97,372,000. S&CO Inc. purchased a new stake in shares of PayPal in the second quarter worth approximately $18,827,000. Swiss National Bank raised its stake in shares of PayPal by 4.9% in the first quarter. Swiss National Bank now owns 2,608,600 shares of the credit services provider's stock worth $117,987,000 after purchasing an additional 121,400 shares during the last quarter. Finally, Easterly Investment Partners LLC lifted its holdings in shares of PayPal by 705.2% in the fourth quarter. Easterly Investment Partners LLC now owns 100,651 shares of the credit services provider's stock valued at $5,876,000 after purchasing an additional 88,151 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on PYPL. Jefferies Financial Group upgraded shares of PayPal from a "hold" rating to a "buy" rating in a report on Tuesday, July 28th. Morgan Stanley set a $45.00 price objective on shares of PayPal in a research report on Wednesday, July 29th. Clear Str upgraded PayPal to a "hold" rating in a research note on Thursday, July 16th. Robert W. Baird boosted their target price on PayPal from $50.00 to $57.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $50.00 price target on PayPal in a research note on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, PayPal currently has an average rating of "Hold" and an average target price 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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