Gail J. Mcgovern Sells 2,446 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) Stock

PayPal Holdings, Inc. (NASDAQ:PYPL) Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.34 during midday trading on Friday, reaching $71.07. The company had a trading volume of 13,589,632 shares, compared to its average volume of 11,912,737. The stock has a market cap of $70.30 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.27 and a beta of 1.44. The company’s 50 day moving average price is $83.93 and its 200 day moving average price is $80.89. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share 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 analysts’ expectations of $8.27 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Susquehanna increased their target price on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Keefe, Bruyette & Woods upped their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $90.03.

Hedge Funds Weigh In On PayPal

Institutional investors and hedge funds have recently bought and sold shares of the company. Park Place Capital Corp grew its stake in shares of PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after acquiring an additional 116 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 125 shares during the period. Wynn Capital LLC increased its stake in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after purchasing an additional 130 shares in the last quarter. Finally, Avalon Trust Co raised its position in shares of PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock valued at $176,000 after purchasing an additional 135 shares during the period. 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.