Insider Selling: PayPal Holdings, Inc. (NASDAQ:PYPL) EVP Sells 14,767 Shares of Stock

PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) EVP Peggy Alford sold 14,767 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $85.32, for a total value of $1,259,920.44. Following the transaction, the executive vice president now directly owns 39,891 shares in the company, valued at approximately $3,403,500.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ:PYPL traded down $2.15 during trading on Monday, reaching $79.53. 25,497,408 shares of the company’s stock traded hands, compared to its average volume of 21,422,807. PayPal Holdings, Inc. has a fifty-two week low of $78.85 and a fifty-two week high of $310.16. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. The firm has a market cap of $92.10 billion, a PE ratio of 26.25, a P/E/G ratio of 1.74 and a beta of 1.39. The company has a 50-day simple moving average of $103.46 and a 200-day simple moving average of $151.69.

PayPal (NASDAQ:PYPL – Get Rating) last posted its earnings results on Wednesday, April 27th. The credit services provider reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. PayPal had a return on equity of 17.90% and a net margin of 13.87%. During the same quarter in the previous year, the firm posted $0.91 EPS. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 2.7 EPS for the current year.

A number of hedge funds have recently bought and sold shares of PYPL. Morgan Stanley boosted its holdings in PayPal by 5.4% in the 2nd quarter. Morgan Stanley now owns 12,068,283 shares of the credit services provider’s stock worth $3,517,662,000 after buying an additional 613,441 shares during the last quarter. Keudell Morrison Wealth Management lifted its stake in PayPal by 12.4% in the 3rd quarter. Keudell Morrison Wealth Management now owns 3,047 shares of the credit services provider’s stock worth $793,000 after purchasing an additional 336 shares in the last quarter. New World Advisors LLC lifted its stake in PayPal by 74.2% in the 3rd quarter. New World Advisors LLC now owns 2,078 shares of the credit services provider’s stock worth $500,000 after purchasing an additional 885 shares in the last quarter. Moors & Cabot Inc. lifted its stake in PayPal by 158.6% in the 3rd quarter. Moors & Cabot Inc. now owns 50,000 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 30,664 shares in the last quarter. Finally, EagleClaw Capital Managment LLC lifted its stake in PayPal by 0.4% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 56,260 shares of the credit services provider’s stock worth $14,641,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.

A number of research analysts have recently commented on PYPL shares. Needham & Company LLC cut their target price on PayPal from $275.00 to $166.00 in a research note on Thursday, February 3rd. Stephens assumed coverage on PayPal in a research note on Wednesday, April 6th. They issued an “equal weight” rating and a $135.00 price objective on the stock. Susquehanna dropped their price objective on PayPal from $125.00 to $115.00 in a research note on Thursday, April 28th. Evercore ISI dropped their price objective on PayPal from $342.00 to $245.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 2nd. Finally, Robert W. Baird lowered their target price on PayPal from $205.00 to $175.00 in a report on Friday, April 1st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $152.83.

PayPal Company Profile (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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