Frank Keller Sells 3,478 Shares of PayPal (NASDAQ:PYPL) Stock

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) EVP Frank Keller sold 3,478 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $40.20, for a total value of $139,815.60. Following the completion of the sale, the executive vice president owned 51,567 shares of the company’s stock, valued at $2,072,993.40. This trade represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PayPal Price Performance

Shares of PYPL stock traded up $0.73 during mid-day trading on Monday, hitting $41.15. 25,998,029 shares of the stock traded hands, compared to its average volume of 24,733,707. PayPal Holdings, Inc. has a twelve month low of $38.88 and a twelve month high of $79.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The company’s 50-day simple moving average is $57.18 and its 200-day simple moving average is $64.27. The firm has a market cap of $37.89 billion, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.06). The firm had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.82 billion. PayPal had a net margin of 15.77% and a return on equity of 25.42%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. PayPal’s payout ratio is currently 10.35%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Canaccord Genuity Group restated a “hold” rating and set a $42.00 target price (down from $100.00) on shares of PayPal in a report on Wednesday, February 4th. TD Cowen reissued a “hold” rating on shares of PayPal in a research note on Tuesday, February 3rd. Citigroup decreased their target price on PayPal from $60.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Monness Crespi & Hardt downgraded PayPal from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Finally, William Blair reiterated a “market perform” rating on shares of PayPal in a research report on Tuesday, February 3rd. Ten research analysts have rated the stock with a Buy rating, thirty have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.46.

Get Our Latest Report on PYPL

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PYPL. Vanguard Group Inc. increased its holdings in shares of PayPal by 6.5% in the 4th 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 during the period. Capital Research Global Investors grew its position in PayPal by 2.3% during 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. Norges Bank acquired a new position in PayPal in the 2nd quarter valued at approximately $921,570,000. Artisan Partners Limited Partnership lifted its position in PayPal by 1.6% in the 2nd quarter. Artisan Partners Limited Partnership now owns 11,992,031 shares of the credit services provider’s stock worth $891,248,000 after buying an additional 184,014 shares in the last quarter. Finally, Invesco Ltd. lifted its position in PayPal by 10.9% in the 3rd quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock worth $746,508,000 after buying an additional 1,093,365 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Key PayPal News

Here are the key news stories impacting PayPal this week:

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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