Paypal Holdings Inc (PYPL) Insider Gary J. Marino Sells 1,009 Shares

Paypal Holdings Inc (NASDAQ:PYPL) insider Gary J. Marino sold 1,009 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $85.90, for a total transaction of $86,673.10. Following the transaction, the insider now owns 41,309 shares in the company, valued at $3,548,443.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PYPL stock traded down $2.28 on Friday, reaching $86.76. The company’s stock had a trading volume of 9,104,372 shares, compared to its average volume of 12,490,076. Paypal Holdings Inc has a 12-month low of $68.61 and a 12-month high of $93.70. The firm has a market capitalization of $103.97 billion, a price-to-earnings ratio of 51.60, a PEG ratio of 2.77 and a beta of 1.23.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the firm posted $0.46 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis. As a group, research analysts predict that Paypal Holdings Inc will post 1.79 EPS for the current year.

A number of hedge funds have recently made changes to their positions in PYPL. Whitener Capital Management Inc. purchased a new stake in Paypal in the third quarter worth $102,000. Archford Capital Strategies LLC lifted its stake in Paypal by 92.6% in the second quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 625 shares during the period. Patton Albertson Miller Group LLC purchased a new stake in Paypal in the third quarter worth $126,000. Landaas & Co. WI ADV purchased a new stake in Paypal in the second quarter worth $135,000. Finally, Adviser Investments LLC lifted its stake in Paypal by 165.3% in the second quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock worth $138,000 after acquiring an additional 1,030 shares during the period. 79.81% of the stock is owned by institutional investors.

PYPL has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Paypal from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. BidaskClub cut shares of Paypal from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 18th. Credit Suisse Group increased their price target on shares of Paypal from $93.00 to $100.00 and gave the company a “$87.38” rating in a research report on Thursday, July 19th. Jefferies Financial Group reiterated a “buy” rating and set a $110.00 price target on shares of Paypal in a research report on Wednesday, August 29th. Finally, Wells Fargo & Co increased their price target on shares of Paypal from $95.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, July 26th. Seven research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $93.93.

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About Paypal

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending 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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