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

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

Specifically, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value 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 SEC, which is available through this hyperlink.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PYPL shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a research report on Thursday, December 12th. Susquehanna raised their target price on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Citigroup reissued an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research note on Friday, December 13th. Finally, BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $90.03.

PayPal Price Performance

The stock’s 50-day moving average is $82.85 and its 200 day moving average is $81.17. The stock has a market capitalization of $66.75 billion, a PE ratio of 16.83, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Institutional Trading of PayPal

Large investors have recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC bought a new stake in PayPal in the fourth quarter worth approximately $25,000. Hurley Capital LLC bought a new stake in PayPal in the fourth quarter worth approximately $27,000. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal in the third quarter worth approximately $26,000. Finally, Sugarloaf Wealth Management LLC grew its position in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. 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.