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

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) insider Frank Keller sold 4,612 shares of PayPal stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total transaction of $196,194.48. Following the completion of the sale, the insider owned 41,567 shares of the company’s stock, valued at $1,768,260.18. This trade represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $49.96, for a total transaction of $536,170.72.

PayPal Stock Up 0.3%

PYPL stock opened at $42.75 on Friday. The firm has a 50 day moving average of $46.27 and a 200 day moving average of $50.66. The stock has a market capitalization of $37.71 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last released its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The company had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. PayPal had a net margin of 15.00% and a return on equity of 25.02%. PayPal’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business earned $1.33 EPS. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.3 earnings per share for the current year.

PayPal Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PYPL. UBS Group raised their price target on shares of PayPal from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Citigroup raised their price target on shares of PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Loop Capital began coverage on shares of PayPal in a research report on Tuesday, March 31st. They set a “hold” rating and a $46.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of PayPal in a research report on Friday, May 8th. Finally, BMO Capital Markets began coverage on shares of PayPal in a research report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 price target for the company. Eight investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.85.

Check Out Our Latest Stock Report on PYPL

Key PayPal News

Here are the key news stories impacting PayPal this week:

Hedge Funds Weigh In On PayPal

Several institutional investors have recently made changes to their positions in PYPL. Norges Bank purchased a new position in shares of PayPal during the 4th quarter valued at approximately $949,758,000. Bank of America Corp DE increased its holdings in PayPal by 67.9% in the 1st quarter. Bank of America Corp DE now owns 25,614,720 shares of the credit services provider’s stock worth $1,158,554,000 after acquiring an additional 10,356,256 shares in the last quarter. Amundi increased its holdings in PayPal by 227.6% in the 1st quarter. Amundi now owns 13,804,208 shares of the credit services provider’s stock worth $624,364,000 after acquiring an additional 9,590,488 shares in the last quarter. Vanguard Group Inc. increased its holdings in PayPal by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after acquiring an additional 5,534,462 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in PayPal by 355.1% in the 1st quarter. SG Americas Securities LLC now owns 4,967,170 shares of the credit services provider’s stock worth $224,665,000 after acquiring an additional 3,875,688 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.

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

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