PayPal (NASDAQ:PYPL) Shares Down 0.4% Following Insider Selling

PayPal Holdings, Inc. (NASDAQ:PYPL) shares traded down 0.4% on Monday after an insider sold shares in the company. The stock traded as low as $70.26 and last traded at $70.74. 4,071,271 shares traded hands during trading, a decline of 65% from the average session volume of 11,705,032 shares. The stock had previously closed at $71.05.

Specifically, 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 sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research report on Thursday, December 12th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. Macquarie raised 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. Citigroup reiterated an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Finally, Morgan Stanley lifted their price target on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $69.00 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.27 and a beta of 1.44. The stock’s 50 day simple moving average is $83.27 and its 200 day simple moving average is $81.17.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 EPS. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PayPal

Several hedge funds have recently modified their holdings of the business. GHE LLC lifted its position in shares of PayPal by 4.7% in the 4th quarter. GHE LLC now owns 28,214 shares of the credit services provider’s stock worth $2,408,000 after purchasing an additional 1,258 shares during the period. Fluent Financial LLC lifted its position in shares of PayPal by 178.1% in the 4th quarter. Fluent Financial LLC now owns 18,885 shares of the credit services provider’s stock worth $1,612,000 after purchasing an additional 12,095 shares during the period. Cim LLC lifted its position in shares of PayPal by 0.3% in the 4th quarter. Cim LLC now owns 98,809 shares of the credit services provider’s stock worth $8,433,000 after purchasing an additional 296 shares during the period. Total Wealth Planning & Management Inc. purchased a new stake in shares of PayPal in the 4th quarter worth approximately $1,001,000. Finally, QSM Asset Management Ltd purchased a new stake in shares of PayPal in the 4th quarter worth approximately $8,512,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

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.