PayPal (NASDAQ:PYPL) Stock Price Down 0.5% Following Insider Selling

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) traded down 0.5% during trading on Friday after an insider sold shares in the company. The stock traded as low as $70.07 and last traded at $70.36. 3,331,195 shares traded hands during trading, a decline of 71% from the average session volume of 11,636,057 shares. The stock had previously closed at $70.73.

Specifically, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Robert W. Baird decreased their price target on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Keefe, Bruyette & Woods raised their price objective on shares of PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and raised their price objective for the company from $86.00 to $103.00 in a research note on Monday, December 9th. 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 stock. According to MarketBeat.com, PayPal has an average rating of "Moderate Buy" and an average target price of $90.03.

PayPal Stock Down 2.0 %

The firm's 50-day moving average price is $83.61 and its 200 day moving average price is $81.16. The company has a market capitalization of $68.85 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.27 and a beta of 1.44. 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 (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 EPS. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Hedge Funds Weigh In On PayPal

Institutional investors have recently added to or reduced their stakes in the stock. Focus Financial Network Inc. increased its position in PayPal by 1.8% in the 3rd quarter. Focus Financial Network Inc. now owns 12,132 shares of the credit services provider's stock valued at $947,000 after acquiring an additional 214 shares during the period. Farther Finance Advisors LLC increased its position in PayPal by 20.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,890 shares of the credit services provider's stock valued at $694,000 after acquiring an additional 1,485 shares during the period. Chicago Partners Investment Group LLC increased its position in PayPal by 7.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,798 shares of the credit services provider's stock valued at $388,000 after acquiring an additional 334 shares during the period. Janney Montgomery Scott LLC increased its position in PayPal by 0.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 189,842 shares of the credit services provider's stock valued at $14,813,000 after acquiring an additional 840 shares during the period. Finally, GFS Advisors LLC increased its position in PayPal by 28,766.7% in the 3rd quarter. GFS Advisors LLC now owns 5,196 shares of the credit services provider's stock valued at $405,000 after acquiring an additional 5,178 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

About PayPal

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.