Diego Scotti Sells 3,839 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) Stock

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president now directly owns 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

PayPal Stock Up 0.3%

NASDAQ PYPL traded up $0.20 during trading on Thursday, hitting $74.81. 8,638,641 shares of the company traded hands, compared to its average volume of 11,012,039. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The business has a fifty day simple moving average of $67.55 and a 200 day simple moving average of $76.02. The company has a market capitalization of $72.76 billion, a P/E ratio of 18.66, a PEG ratio of 1.27 and a beta of 1.45. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PYPL. Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Canaccord Genuity Group restated a "buy" rating and issued a $96.00 target price on shares of PayPal in a report on Wednesday, April 30th. Evercore ISI assumed coverage on PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price for the company. BMO Capital Markets lowered their price target on PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods reduced their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $83.29.

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently modified their holdings of the company. Cim LLC raised its holdings in PayPal by 0.3% in the 1st quarter. Cim LLC now owns 99,062 shares of the credit services provider's stock worth $6,464,000 after acquiring an additional 253 shares during the period. Modern Wealth Management LLC increased its stake in shares of PayPal by 61.1% in the first quarter. Modern Wealth Management LLC now owns 5,091 shares of the credit services provider's stock worth $332,000 after purchasing an additional 1,930 shares during the period. Anderson Financial Strategies LLC bought a new position in shares of PayPal in the first quarter worth about $76,000. Strs Ohio acquired a new position in shares of PayPal during the 1st quarter worth about $21,140,000. Finally, GK Wealth Management LLC bought a new stake in PayPal during the 1st quarter valued at approximately $240,000. 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.