Insider Selling: PayPal (PYPL) EVP Sells $1,304,657.28 in Stock

PayPal (NASDAQ:PYPL) EVP Adele Louise Pentland sold 16,778 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $77.76, for a total value of $1,304,657.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PayPal opened at $80.79 on Friday, according to Marketbeat. PayPal has a 1-year low of $49.06 and a 1-year high of $86.32. The company has a market capitalization of $94.03 billion, a PE ratio of 58.12, a price-to-earnings-growth ratio of 2.62 and a beta of 1.28.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. analysts predict that PayPal will post 1.71 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. Buckingham Capital Management Inc. raised its position in PayPal by 7.4% during the third quarter. Buckingham Capital Management Inc. now owns 47,362 shares of the credit services provider’s stock valued at $3,033,000 after purchasing an additional 3,268 shares in the last quarter. Atria Investments LLC raised its position in PayPal by 8.0% during the fourth quarter. Atria Investments LLC now owns 33,111 shares of the credit services provider’s stock valued at $2,438,000 after purchasing an additional 2,465 shares in the last quarter. NEXT Financial Group Inc raised its position in PayPal by 27.2% during the fourth quarter. NEXT Financial Group Inc now owns 6,285 shares of the credit services provider’s stock valued at $463,000 after purchasing an additional 1,345 shares in the last quarter. Asset Dedication LLC raised its position in PayPal by 210.7% during the fourth quarter. Asset Dedication LLC now owns 4,011 shares of the credit services provider’s stock valued at $294,000 after purchasing an additional 2,720 shares in the last quarter. Finally, National Pension Service raised its position in PayPal by 4.4% during the fourth quarter. National Pension Service now owns 1,014,861 shares of the credit services provider’s stock valued at $74,714,000 after purchasing an additional 43,001 shares in the last quarter. Institutional investors own 80.88% of the company’s stock.

A number of equities analysts recently commented on PYPL shares. Nomura lifted their price target on PayPal to $97.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. Vetr upgraded PayPal from a “hold” rating to a “buy” rating and set a $86.65 price target for the company in a report on Thursday, February 1st. Citigroup reiterated a “buy” rating and set a $90.00 price target on shares of PayPal in a report on Thursday, February 1st. Cantor Fitzgerald reiterated a “buy” rating and set a $85.00 price target on shares of PayPal in a report on Thursday, February 1st. Finally, Guggenheim reiterated a “buy” rating on shares of PayPal in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $81.34.

About PayPal

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Insider Buying and Selling by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply