Insider Selling: PayPal Holdings, Inc. (NASDAQ:PYPL) Director Sells $176,478.90 in Stock

PayPal Holdings, Inc. (NASDAQ:PYPL) Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

PayPal Trading Up 0.5 %

Shares of PYPL opened at $71.07 on Monday. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a 50-day moving average of $83.61 and a 200 day moving average of $81.16. The firm has a market capitalization of $70.30 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 EPS. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. purchased a new position in PayPal during the 4th quarter valued at about $1,001,000. QSM Asset Management Ltd purchased a new position in shares of PayPal in the 4th quarter worth approximately $8,512,000. Menard Financial Group LLC purchased a new position in shares of PayPal in the 4th quarter worth approximately $229,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of PayPal in the 4th quarter worth approximately $140,164,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of PayPal in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research analyst reports. Piper Sandler cut their target price on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Macquarie increased their price objective on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.