PayPal (NASDAQ:PYPL) Insider Sells $188,277.88 in Stock

PayPal Holdings, Inc. (NASDAQ:PYPL) insider Suzan Kereere sold 3,379 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $55.72, for a total transaction of $188,277.88. Following the completion of the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,726,372.76. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Suzan Kereere also recently made the following trade(s):

• On Tuesday, August 18th, Suzan Kereere sold 4,162 shares of PayPal stock. The shares were sold at an average price of $60.96, for a total transaction of $253,715.52.

PayPal Price Performance

PYPL stock opened at $53.31 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.21. The stock has a market cap of $45.60 billion, a PE ratio of 10.08, a P/E/G ratio of 1.11 and a beta of 1.28. The firm has a 50 day simple moving average of $55.78 and a two-hundred day simple moving average of $48.99.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The firm had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter last year, the company posted $1.40 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts predict that PayPal Holdings, Inc. will post 5.38 EPS for the current fiscal year.

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. PayPal’s dividend payout ratio (DPR) is presently 10.59%.

Analysts Set New Price Targets

PYPL has been the topic of several recent research reports. Mizuho set a $51.00 price objective on PayPal in a research report on Friday, August 28th. Cantor Fitzgerald boosted their target price on PayPal from $54.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods upped their target price on PayPal from $55.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Telsey Advisory Group cut shares of PayPal to a “market perform” rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada increased their price target on shares of PayPal from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Nine research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.03.

Institutional Investors Weigh In On PayPal

Hedge funds and other institutional investors have recently modified their holdings of the stock. IPG Investment Advisors LLC boosted its holdings in PayPal by 35.6% during the 2nd quarter. IPG Investment Advisors LLC now owns 23,989 shares of the credit services provider’s stock valued at $1,036,000 after acquiring an additional 6,295 shares during the period. National Pension Service increased its stake in PayPal by 12.2% in the 2nd quarter. National Pension Service now owns 1,772,726 shares of the credit services provider’s stock worth $76,546,000 after purchasing an additional 192,536 shares during the period. Cidel Asset Management Inc. lifted its position in PayPal by 25.1% in the second quarter. Cidel Asset Management Inc. now owns 12,749 shares of the credit services provider’s stock valued at $550,000 after purchasing an additional 2,559 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in PayPal by 1.8% in the second quarter. Integrated Wealth Concepts LLC now owns 26,810 shares of the credit services provider’s stock valued at $1,158,000 after purchasing an additional 473 shares during the last quarter. Finally, GFG Capital LLC boosted its stake in shares of PayPal by 16.6% during the second quarter. GFG Capital LLC now owns 42,973 shares of the credit services provider’s stock valued at $1,856,000 after purchasing an additional 6,106 shares during the period. Institutional investors own 68.32% of the company’s stock.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal, M0 and MoonPay launched PYUSDx, a developer platform that allows businesses to create financial products and customized digital-dollar offerings using PayPal’s PYUSD stablecoin. Three projects have already processed more than $100 million, offering a potential new source of payments and stablecoin-related growth. PayPal Debuts Developer Platform Tied to PYUSD Stablecoin
• Positive Sentiment: CEO Enrique Lores defended keeping PayPal as one company rather than splitting it up, while outlining three focused business lines. The plan includes greater emphasis on Venmo and Braintree growth and approximately $1.5 billion in cost savings, which could improve efficiency and margins. PayPal CEO Reveals Business Model Shift
• Positive Sentiment: PayPal’s latest quarterly results exceeded expectations, with $1.38 in earnings per share and $8.68 billion in revenue. Combined with stablecoin expansion and a low P/E ratio, these factors support the view that the shares may have recovery potential.
• Neutral Sentiment: Lores said PayPal is keeping its options open amid buyout speculation, but he pushed back against selling the company cheaply. The comments may revive takeover interest, although no transaction has been announced. PayPal Keeping Options Open Amid Buyout Rumors
• Neutral Sentiment: Chief Accounting Officer Chris Natali sold 552 shares under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled transaction is a limited signal about management’s current outlook.
• Negative Sentiment: Analysts and commentators continue to warn that PayPal faces formidable competition, slowing growth and execution challenges. The stock remains roughly 30% below its 52-week high, leaving investors focused on whether the turnaround can produce sustained transaction and user growth. Is PayPal Stock a Buy, Sell, or Hold

About PayPal

PayPal Holdings, Inc is a digital payments and financial technology company that operates a global platform for consumers and businesses. Its services enable customers to send and receive money, make purchases online and in stores, and accept payments through digital checkout solutions. PayPal supports transactions using linked bank accounts, debit and credit cards, stored balances and other payment methods.

The company’s consumer and merchant offerings include the PayPal wallet, PayPal Checkout, PayPal Zettle point-of-sale tools, PayPal Braintree payment processing and PayPal Complete Payments.