Daniel H. Schulman Sells 10,000 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) Stock

PayPal Holdings, Inc. (NASDAQ:PYPL) CEO Daniel H. Schulman sold 10,000 shares of PayPal stock in a transaction dated Friday, April 30th. The shares were sold at an average price of $263.11, for a total value of $2,631,100.00. Following the completion of the sale, the chief executive officer now directly owns 273,854 shares in the company, valued at approximately $72,053,725.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of PayPal stock traded down $3.73 during mid-day trading on Monday, hitting $258.56. 604,297 shares of the stock were exchanged, compared to its average volume of 8,753,892. PayPal Holdings, Inc. has a 12 month low of $120.31 and a 12 month high of $309.14. The company has a 50-day simple moving average of $255.20 and a 200 day simple moving average of $236.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $303.62 billion, a P/E ratio of 97.78, a P/E/G ratio of 3.53 and a beta of 1.12.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, February 3rd. The credit services provider reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.08. PayPal had a net margin of 15.48% and a return on equity of 18.31%. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter last year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 2.8 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Murphy Capital Management Inc. increased its stake in shares of PayPal by 181.4% during the 1st quarter. Murphy Capital Management Inc. now owns 5,242 shares of the credit services provider’s stock worth $1,272,000 after purchasing an additional 3,379 shares during the last quarter. Calamos Advisors LLC boosted its holdings in shares of PayPal by 0.9% in the first quarter. Calamos Advisors LLC now owns 351,894 shares of the credit services provider’s stock worth $85,454,000 after acquiring an additional 3,199 shares during the period. NorthCoast Asset Management LLC grew its holdings in PayPal by 144.4% during the 4th quarter. NorthCoast Asset Management LLC now owns 6,759 shares of the credit services provider’s stock valued at $1,583,000 after buying an additional 3,994 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in PayPal by 13.2% during the 4th quarter. Teacher Retirement System of Texas now owns 290,163 shares of the credit services provider’s stock worth $67,956,000 after acquiring an additional 33,838 shares during the period. Finally, Rational Advisors LLC raised its holdings in shares of PayPal by 302.4% in the 4th quarter. Rational Advisors LLC now owns 5,545 shares of the credit services provider’s stock valued at $1,299,000 after acquiring an additional 4,167 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Several research firms have weighed in on PYPL. Mizuho boosted their price target on PayPal from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, February 4th. BMO Capital Markets upped their price target on shares of PayPal from $216.00 to $241.00 and gave the stock a “market perform” rating in a research report on Friday, February 5th. They noted that the move was a valuation call. Oddo Bhf started coverage on shares of PayPal in a research report on Wednesday, April 7th. They issued an “outperform” rating for the company. Raymond James upped their target price on shares of PayPal from $296.00 to $333.00 and gave the company an “outperform” rating in a report on Friday, February 12th. Finally, Rosenblatt Securities raised their target price on shares of PayPal from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, April 26th. Six analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $279.00.

About PayPal

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, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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

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