PayPal Holdings, Inc. has made headlines recently as several analysts updated their ratings and price targets for the company, which trades under the ticker symbol PYPL on NASDAQ. In addition to these changes, PayPal announced a quarterly dividend that is set to be paid on March 25, 2024. Shareholders of record on March 4, 2024 will receive a dividend of $0.14 per share, amounting to an annualized dividend of $0.56 and reflecting a dividend yield of 1.3%. The ex-dividend date is also March 4, 2024, meaning investors must own shares before this date to qualify for the payout.
In related news, insider transactions have drawn attention. On February 18, 2024, Suzan Kereere, an insider at PayPal, sold 37,613 shares at an average price of $41.49, totaling approximately $1,560,563.37. Following the sale, Kereere retained 30,983 shares valued at around $1,285,484.67, representing a 54.83% decrease in ownership.
Another notable insider transaction occurred on February 6, 2024, when Frank Keller, the Executive Vice President, sold 3,478 shares for an average price of $40.20, yielding a total of $139,815.60. After this transaction, Keller owned 51,567 shares worth approximately $2,072,993.40, marking a decrease of 6.32% in ownership. In total, insiders have sold 42,304 shares of PayPal stock in the last ninety days, amounting to $1,749,493. Currently, insiders hold 0.08% of the company’s stock.
PayPal operates a global digital payments platform that allows both consumers and merchants to send and receive payments online, via mobile devices, and at physical points of sale. The company offers a comprehensive range of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing, and fraud management tools. PayPal’s platform supports e-commerce, in-person retail, and person-to-person transfers, catering to individual consumers and businesses of varying sizes.
Key offerings in PayPal’s suite of products include the PayPal wallet and checkout system, the Venmo peer-to-peer mobile application, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and options for PayPal Credit and buy-now-pay-later transactions.
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