PayPal Holdings, Inc. (NASDAQ:PYPL) Director Deborah M. Messemer Sells 3,795 Shares

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the transaction, the director now owns 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

PayPal Trading Up 1.3%

Shares of NASDAQ:PYPL traded up $0.96 on Friday, reaching $73.43. 7,237,245 shares of the company traded hands, compared to its average volume of 11,101,576. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 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 business's 50-day simple moving average is $66.69 and its 200 day simple moving average is $76.32. The stock has a market capitalization of $71.41 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 EPS. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on PYPL shares. Royal Bank of Canada lowered their price objective on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Arete Research set a $81.00 target price on shares of PayPal in a research note on Thursday, March 27th. Citigroup decreased their price objective on shares of PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Truist Financial assumed coverage on PayPal in a report on Monday. They issued a "sell" rating and a $68.00 price objective for the company. Finally, DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $83.29.

Hedge Funds Weigh In On PayPal

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mpwm Advisory Solutions LLC bought a new position in PayPal in the fourth quarter worth about $25,000. Hurley Capital LLC purchased a new stake in shares of PayPal during the fourth quarter valued at $27,000. Bernard Wealth Management Corp. bought a new stake in shares of PayPal in the fourth quarter worth approximately $34,000. Pinney & Scofield Inc. bought a new position in shares of PayPal during the 4th quarter valued at $35,000. Finally, Evermay Wealth Management LLC boosted its holdings in shares of PayPal by 726.0% in the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after buying an additional 363 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.