Insider Selling: Paypal Holdings Inc (NASDAQ:PYPL) CEO Sells 30,000 Shares of Stock
Paypal Holdings Inc (NASDAQ:PYPL) CEO Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $110.87, for a total value of $3,326,100.00. Following the completion of the sale, the chief executive officer now directly owns 457,074 shares of the company’s stock, valued at $50,675,794.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of NASDAQ PYPL traded down $4.62 during mid-day trading on Monday, reaching $105.43. The company had a trading volume of 9,777,349 shares, compared to its average volume of 6,739,448. The business’s 50-day moving average is $108.83 and its 200-day moving average is $108.94. The stock has a market cap of $131.15 billion, a price-to-earnings ratio of 58.90, a price-to-earnings-growth ratio of 2.57 and a beta of 0.98. Paypal Holdings Inc has a 52 week low of $74.66 and a 52 week high of $121.48.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter last year, the business posted $0.58 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts predict that Paypal Holdings Inc will post 2.41 earnings per share for the current year.
Several equities analysts have recently weighed in on PYPL shares. Robert W. Baird boosted their target price on Paypal from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Jefferies Financial Group raised their price target on Paypal from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Oppenheimer lifted their price objective on shares of Paypal from $116.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Deutsche Bank boosted their price objective on shares of Paypal from $120.00 to $127.00 and gave the company a “positive” rating in a research report on Tuesday, July 16th. Finally, Guggenheim raised shares of Paypal from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 13th. Eight research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $121.55.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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