PayPal (NASDAQ:PYPL) Insider Sells $255,643.16 in Stock

by · The Markets Daily

PayPal Holdings, Inc. (NASDAQ:PYPL – Get Free Report) insider Frank Keller sold 4,612 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $55.43, for a total value of $255,643.16. Following the sale, the insider owned 41,567 shares in the company, valued at approximately $2,304,058.81. This trade represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Frank Keller also recently made the following trade(s):

  • On Wednesday, July 29th, Frank Keller sold 732 shares of PayPal stock. The stock was sold at an average price of $58.10, for a total value of $42,529.20.

PayPal Stock Performance

NASDAQ PYPL opened at $53.31 on Friday. The company has a market cap of $45.60 billion, a P/E ratio of 10.08, a P/E/G ratio of 1.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. The business’s 50 day moving average price is $55.78 and its 200-day moving average price is $48.99. PayPal Holdings, Inc. has a fifty-two week low of $38.46 and a fifty-two week high of $79.21.

PayPal (NASDAQ:PYPL – Get Free Report) last released its quarterly earnings results 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. The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.PayPal’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.38 earnings per share for the current year.

PayPal Dividend Announcement

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

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently modified their holdings of the stock. Bard Associates Inc. bought a new position in PayPal in the fourth quarter worth approximately $25,000. Allied Private Wealth LLC bought a new stake in PayPal during the 2nd quarter valued at $25,000. Robinswood Financial LLC purchased a new stake in shares of PayPal in the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of PayPal by 15,233.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after buying an additional 457 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of PayPal during the 2nd quarter worth $27,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

More PayPal News

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

Wall Street Analyst Weigh In

Several brokerages recently commented on PYPL. BNP Paribas Exane upped their price target on shares of PayPal from $43.50 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Argus set a $70.00 target price on PayPal in a research report on Wednesday, July 29th. Morgan Stanley set a $45.00 target price on PayPal in a research note on Wednesday, July 29th. Loop Capital cut their target price on PayPal from $62.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, August 28th. Finally, Jefferies Financial Group upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating, thirty-four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average target price of $56.03.

Check Out Our Latest Stock Analysis on PayPal

PayPal Company Profile

(Get Free Report)

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.

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