Chris Natali Sells 552 Shares of PayPal (NASDAQ:PYPL) Stock

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) CAO Chris Natali sold 552 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $42.65, for a total value of $23,542.80. Following the completion of the sale, the chief accounting officer directly owned 1,770 shares of the company’s stock, valued at approximately $75,490.50. The trade was a 23.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chris Natali also recently made the following trade(s):

  • On Wednesday, April 29th, Chris Natali sold 1,337 shares of PayPal stock. The shares were sold at an average price of $49.46, for a total value of $66,128.02.

PayPal Trading Down 3.4%

Shares of NASDAQ PYPL opened at $41.29 on Friday. The stock has a market cap of $36.42 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 1.07 and a beta of 1.34. The business has a 50 day simple moving average of $46.20 and a 200 day simple moving average of $50.59. PayPal Holdings, Inc. has a 52 week low of $38.46 and a 52 week high of $79.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.27 by $0.07. The business had revenue of $8.35 billion during 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 firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. On average, research analysts predict that PayPal Holdings, Inc. will post 5.3 earnings per share for the current fiscal year.

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. PayPal’s payout ratio is presently 10.51%.

Key PayPal News

Here are the key news stories impacting PayPal this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PYPL shares. Dbs Bank raised PayPal to a “hold” rating in a research report on Friday, February 6th. BMO Capital Markets started coverage on PayPal in a research report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 target price for the company. Rothschild & Co Redburn decreased their target price on PayPal from $50.00 to $32.00 and set a “sell” rating for the company in a research report on Wednesday, February 11th. Cantor Fitzgerald upped their target price on PayPal from $42.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Mizuho reaffirmed a “neutral” rating and set a $50.00 target price (down from $60.00) on shares of PayPal in a research report on Thursday, April 16th. Eight research analysts have rated the stock with a Buy rating, thirty-two have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average price target of $55.85.

Get Our Latest Analysis on PYPL

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PYPL. Vanguard Group Inc. raised its stake in shares of PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after purchasing an additional 5,534,462 shares in the last quarter. NEOS Investment Management LLC raised its stake in shares of PayPal by 47.8% in the third quarter. NEOS Investment Management LLC now owns 411,262 shares of the credit services provider’s stock valued at $27,579,000 after purchasing an additional 132,942 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of PayPal by 21.1% in the third quarter. Kovitz Investment Group Partners LLC now owns 463,701 shares of the credit services provider’s stock valued at $31,096,000 after purchasing an additional 80,744 shares in the last quarter. Capital Research Global Investors raised its stake in shares of PayPal by 2.3% in the third quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock valued at $1,874,637,000 after purchasing an additional 636,441 shares in the last quarter. Finally, Candriam S.C.A. raised its stake in shares of PayPal by 619.4% in the third quarter. Candriam S.C.A. now owns 623,059 shares of the credit services provider’s stock valued at $41,782,000 after purchasing an additional 536,452 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

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

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