Free Trial

PayPal (NASDAQ:PYPL) Insider Frank Keller Sells 4,612 Shares

PayPal logo with Business Services background
Image from MarketBeat Media, LLC.

Key Points

  • PayPal insider Frank Keller sold 4,612 shares on June 3 at an average price of $42.54, for proceeds of about $196,194. The sale was made under a pre-arranged Rule 10b5-1 plan, and Keller’s ownership fell by 9.99%.
  • PayPal posted solid quarterly results, with earnings of $1.34 per share and revenue of $8.35 billion, both ahead of analyst expectations. Revenue rose 7.2% year over year, and the company reiterated an earnings outlook of about 5.3 EPS for the current year.
  • Wall Street remains cautious on PYPL despite some bullish notes, with the consensus rating at Hold and an average price target of $55.85. Shares were trading around $42.75, below both the 50-day and 200-day moving averages, while analysts continue to cite concerns about weakness and insider selling.
  • MarketBeat previews the top five stocks to own by July 1st.

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) insider Frank Keller sold 4,612 shares of PayPal stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total value of $196,194.48. Following the transaction, the insider owned 41,567 shares in the company, valued at approximately $1,768,260.18. This trade represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Frank Keller also recently made the following trade(s):

  • On Wednesday, April 29th, Frank Keller sold 10,732 shares of PayPal stock. The shares were sold at an average price of $49.96, for a total value of $536,170.72.

PayPal Price Performance

Shares of PYPL stock traded up $0.14 during mid-day trading on Thursday, hitting $42.75. 11,230,177 shares of the stock traded hands, compared to its average volume of 19,921,891. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $37.71 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 1.11 and a beta of 1.34. The company's 50-day simple moving average is $46.30 and its 200-day simple moving average is $50.80. PayPal Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.07. The business had revenue of $8.35 billion for the quarter, compared to analysts' expectations of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal's dividend payout ratio (DPR) is 10.51%.

Hedge Funds Weigh In On PayPal

Hedge funds have recently modified their holdings of the stock. DV Trading LLC grew its position in PayPal by 1,571.6% during the 1st quarter. DV Trading LLC now owns 34,719 shares of the credit services provider's stock worth $1,570,000 after acquiring an additional 32,642 shares during the last quarter. First Nebraska Trust Co bought a new position in PayPal in the 1st quarter valued at $3,887,000. Flagship Wealth Advisors LLC boosted its position in PayPal by 2,112.0% in the 1st quarter. Flagship Wealth Advisors LLC now owns 1,106 shares of the credit services provider's stock valued at $50,000 after buying an additional 1,056 shares during the last quarter. Axiom Investment Management LLC bought a new position in shares of PayPal in the 1st quarter worth $42,000. Finally, Summitry LLC bought a new position in shares of PayPal in the 1st quarter worth $257,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Argus lowered their target price on PayPal from $87.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday, February 6th. The Goldman Sachs Group cut their price objective on PayPal from $41.00 to $40.00 in a research note on Wednesday, May 6th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $42.00 price target on shares of PayPal in a research report on Wednesday, May 20th. Citizens Jmp restated a "market perform" rating on shares of PayPal in a research note on Wednesday, February 4th. Finally, Morgan Stanley cut their price target on PayPal from $50.00 to $34.00 and set an "underweight" rating for the company in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $55.85.

Check Out Our Latest Stock Analysis on PYPL

About PayPal

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for PayPal (NASDAQ:PYPL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in PayPal Right Now?

Before you consider PayPal, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PayPal wasn't on the list.

While PayPal currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Don't wait for the SpaceX IPO Cover

The space race is growing fast, and you don’t have to wait for SpaceX to go public to invest. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines