Suzan Kereere Sells 4,162 Shares of PayPal (NASDAQ:PYPL) Stock

PayPal Holdings, Inc. (NASDAQ:PYPL) insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total value of $253,715.52. Following the completion of the sale, the insider directly owned 30,983 shares of the company’s stock, valued at $1,888,723.68. This represents a 11.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 3rd, Suzan Kereere sold 3,379 shares of PayPal stock. The shares were sold at an average price of $42.79, for a total value of $144,587.41.

PayPal Stock Performance

Shares of PYPL stock traded up $0.82 during trading on Wednesday, reaching $61.25. The company had a trading volume of 9,485,617 shares, compared to its average volume of 11,475,785. The firm’s 50 day simple moving average is $51.31 and its two-hundred day simple moving average is $47.35. PayPal Holdings, Inc. has a one year low of $38.46 and a one year high of $79.21. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $52.40 billion, a PE ratio of 11.58, a PEG ratio of 1.47 and a beta of 1.30.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. PayPal had a return on equity of 24.39% and a net margin of 14.36%.The firm had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.38 earnings per share for the current year.

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio is currently 10.59%.

Trending Headlines about PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: PayPal and Venmo are expanding into higher-education tuition payments through integrations with Illumia, Nelnet Campus Commerce and TouchNet. The services are already available at schools including Michigan State, Kansas State, Texas Tech, Butler and Bellarmine, potentially increasing transaction volume and everyday use of PayPal’s wallets. PayPal and Venmo Expand to Tuition Payments
• Positive Sentiment: Reports that Stripe and Advent International have renewed interest in a potential PayPal transaction are supporting the shares by reinforcing takeover speculation. However, no deal has been announced, so this remains a potential catalyst rather than a confirmed development. PayPal Buyout Talks Resurface
• Positive Sentiment: Piper Sandler raised its price target to $59 while maintaining a Neutral rating, indicating greater recognition of potential value beyond PayPal’s checkout business. Piper Sandler Raises PayPal Price Target

Institutional Trading of PayPal

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in PayPal during the second quarter worth $3,236,989,000. Bank of America Corp DE acquired a new position in shares of PayPal in the 2nd quarter valued at $975,563,000. Norges Bank bought a new position in shares of PayPal during the 4th quarter worth about $949,758,000. Primecap Management Co. CA bought a new position in shares of PayPal during the 2nd quarter worth about $422,092,000. Finally, Corient Private Wealth LP acquired a new stake in shares of PayPal during the 2nd quarter valued at about $20,758,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PYPL. Daiwa Securities Group upgraded shares of PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a report on Wednesday, August 5th. HSBC assumed coverage on PayPal in a research report on Friday, July 24th. They issued a “buy” rating on the stock. TD Cowen lifted their price objective on PayPal from $48.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Finally, Susquehanna boosted their price objective on PayPal from $63.00 to $67.00 and gave the stock a “positive” rating in a research report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.28.

About PayPal

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.