PayPal Holdings, Inc. (NASDAQ:PYPL) Insider Sells $304,824.88 in Stock

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the sale, the insider now owns 48,483 shares of the company's stock, valued at $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PayPal Stock Up 0.2%

NASDAQ PYPL traded up $0.12 during mid-day trading on Monday, reaching $73.55. 6,163,611 shares of the company's stock traded hands, compared to its average volume of 11,073,488. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a fifty day simple moving average of $66.84 and a 200-day simple moving average of $76.13. 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 company has a market cap of $71.53 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.27 and a beta of 1.45.

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

Analyst Ratings Changes

Several analysts have commented on the stock. Evercore ISI began coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price target for the company. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Keefe, Bruyette & Woods lowered their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Monness Crespi & Hardt lowered their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley raised their price target on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $83.29.

Institutional Trading of PayPal

Several hedge funds have recently made changes to their positions in PYPL. Mpwm Advisory Solutions LLC bought a new stake in PayPal during the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal during the fourth quarter worth $27,000. Bernard Wealth Management Corp. purchased a new position in shares of PayPal during the fourth quarter valued at $34,000. Pinney & Scofield Inc. purchased a new position in shares of PayPal during the fourth quarter valued at $35,000. Finally, Evermay Wealth Management LLC lifted its holdings in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $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.

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