PayPal Holdings, Inc. (NASDAQ:PYPL) released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03, Bloomberg Earnings reports. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. PayPal Holdings updated its Q4 guidance to $0.50-0.52 EPS.
PayPal Holdings (PYPL) traded down 0.39% during midday trading on Friday, hitting $71.06. The stock had a trading volume of 9,256,556 shares. The company has a market cap of $85.44 billion, a P/E ratio of 57.31 and a beta of 0.98. PayPal Holdings has a one year low of $38.06 and a one year high of $72.07. The stock’s 50-day moving average is $65.74 and its 200-day moving average is $65.74.
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In related news, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at $1,733,181. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the transaction, the director now owns 124,516 shares in the company, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 261,351 shares of company stock valued at $15,302,809. 6.00% of the stock is currently owned by insiders.
PYPL has been the subject of several research analyst reports. Credit Suisse Group reiterated an “outperform” rating on shares of PayPal Holdings in a research note on Tuesday, September 5th. Zacks Investment Research raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Wednesday, July 19th. Citigroup Inc. increased their price target on PayPal Holdings to $77.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $61.27 price target (down previously from $70.00) on shares of PayPal Holdings in a report on Wednesday, September 6th. Finally, SunTrust Banks, Inc. downgraded PayPal Holdings from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a report on Wednesday, July 19th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. PayPal Holdings presently has a consensus rating of “Buy” and a consensus price target of $69.77.
PayPal Holdings Company Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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