Paypal Holdings Inc (NASDAQ:PYPL) CFO John D. Rainey sold 23,166 shares of Paypal stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $77.97, for a total value of $1,806,253.02. Following the transaction, the chief financial officer now owns 85,108 shares in the company, valued at approximately $6,635,870.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Paypal Holdings Inc (NASDAQ:PYPL) opened at $77.06 on Wednesday. Paypal Holdings Inc has a one year low of $41.74 and a one year high of $86.32. The company has a market capitalization of $92,620.00 and a price-to-earnings ratio of 47.57.
Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the firm posted $0.42 EPS. Paypal’s revenue for the quarter was up 25.6% on a year-over-year basis. research analysts anticipate that Paypal Holdings Inc will post 1.75 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. San Francisco Sentry Investment Group CA grew its stake in Paypal by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,217 shares in the last quarter. Arcadia Investment Management Corp MI grew its stake in Paypal by 230.4% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock worth $106,000 after purchasing an additional 1,000 shares in the last quarter. Truewealth LLC acquired a new position in Paypal during the 4th quarter worth $106,000. Front Row Advisors LLC acquired a new position in Paypal during the 4th quarter worth $111,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Paypal during the 3rd quarter worth $113,000. 82.48% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on PYPL shares. Zacks Investment Research downgraded Paypal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. BidaskClub downgraded Paypal from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 25th. Goldman Sachs Group restated a “buy” rating and issued a $90.00 target price (up previously from $80.00) on shares of Paypal in a research report on Thursday, December 21st. Deutsche Bank lifted their target price on Paypal to $88.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $85.00 target price (up previously from $74.00) on shares of Paypal in a research report on Friday, November 17th. Nine research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $76.97.
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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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