Insider Selling: PayPal (NASDAQ:PYPL) CAO Sells 552 Shares of Stock

by · The Cerbat Gem

PayPal Holdings, Inc. (NASDAQ:PYPL – Get Free Report) CAO Chris Natali sold 552 shares of PayPal stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.65, for a total value of $23,542.80. Following the sale, the chief accounting officer owned 1,770 shares of the company’s stock, valued at approximately $75,490.50. This represents a 23.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Stock Up 0.3%

Shares of PayPal stock traded up $0.14 during trading on Thursday, hitting $42.75. 11,232,485 shares of the stock traded hands, compared to its average volume of 19,921,891. The stock has a market cap of $37.71 billion, a P/E ratio of 8.02, a PEG ratio of 1.11 and a beta of 1.34. 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 Holdings, Inc. has a twelve month low of $38.46 and a twelve month high of $79.50. The company has a fifty day moving average price of $46.30 and a two-hundred day moving average price of $50.80.

PayPal (NASDAQ:PYPL – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (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 analyst estimates of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 EPS. Equities research analysts predict that PayPal Holdings, Inc. will post 5.3 EPS for the current fiscal year.

PayPal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 4th. PayPal’s payout ratio is currently 10.51%.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PYPL shares. Raymond James Financial reiterated a “market perform” rating on shares of PayPal in a report on Monday, February 23rd. BMO Capital Markets assumed coverage on PayPal in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $52.00 price objective on the stock. Truist Financial cut their price objective on PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Loop Capital assumed coverage on PayPal in a research note on Tuesday, March 31st. They issued a “hold” rating and a $46.00 price objective on the stock. Finally, HSBC downgraded PayPal from a “buy” rating to a “hold” rating and set a $47.00 price objective on the stock. in a research note on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $55.85.

Get Our Latest Stock Report on PayPal

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PYPL. Brighton Jones LLC increased its position in PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after buying an additional 924 shares during the period. Revolve Wealth Partners LLC bought a new position in PayPal in the 4th quarter worth approximately $248,000. Sivia Capital Partners LLC increased its position in PayPal by 41.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after buying an additional 1,310 shares during the period. United Bank increased its position in PayPal by 40.1% in the 2nd quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after buying an additional 4,974 shares during the period. Finally, Federated Hermes Inc. increased its position in PayPal by 17.9% in the 2nd quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock worth $1,405,000 after buying an additional 2,865 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Company Profile

(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