PayPal Holdings, Inc. (NASDAQ:PYPL) Director Deborah M. Messemer Sells 4,422 Shares

PayPal Holdings, Inc. (NASDAQ:PYPL) Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the sale, the director now owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

PayPal Stock Up 0.1 %

PYPL stock opened at $61.64 on Friday. The stock’s 50 day simple moving average is $64.79 and its 200 day simple moving average is $61.63. The company has a market cap of $64.48 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.01 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the company earned $0.86 earnings per share. PayPal’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts expect that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the topic of several research reports. UBS Group boosted their price target on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. William Blair reissued an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Sanford C. Bernstein raised their price target on shares of PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a research note on Thursday, April 18th. Monness Crespi & Hardt boosted their price objective on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Finally, JPMorgan Chase & Co. lowered their target price on PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, PayPal presently has a consensus rating of “Hold” and a consensus target price of $72.73.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of PayPal in the 4th quarter worth about $25,000. Sutton Wealth Advisors Inc. lifted its holdings in shares of PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 237 shares in the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. American National Bank bought a new stake in PayPal during the first quarter worth $27,000. Finally, Private Wealth Management Group LLC bought a new stake in PayPal during the fourth quarter worth $29,000. 68.32% of the stock is owned by institutional investors.

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.