Paypal Holdings Inc (PYPL) Director David M. Moffett Sells 3,808 Shares of Stock

Paypal Holdings Inc (NASDAQ:PYPL) Director David M. Moffett sold 3,808 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $77.86, for a total transaction of $296,490.88. Following the completion of the sale, the director now directly owns 66,320 shares of the company’s stock, valued at $5,163,675.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Paypal Holdings Inc (NASDAQ:PYPL) traded up $1.99 on Friday, hitting $79.69. The stock had a trading volume of 7,520,000 shares, compared to its average volume of 11,250,000. The firm has a market cap of $95,780.00 and a P/E ratio of 49.19. Paypal Holdings Inc has a one year low of $41.74 and a one year high of $86.32.

Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.64 billion. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. analysts anticipate that Paypal Holdings Inc will post 1.75 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Jennison Associates LLC increased its holdings in Paypal by 117.3% in the fourth quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock worth $1,204,003,000 after buying an additional 8,827,558 shares during the last quarter. Harding Loevner LP increased its holdings in Paypal by 86.1% in the third quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after buying an additional 5,253,746 shares during the last quarter. BlackRock Inc. increased its holdings in Paypal by 6.6% in the fourth quarter. BlackRock Inc. now owns 69,404,765 shares of the credit services provider’s stock worth $5,109,580,000 after buying an additional 4,324,405 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Paypal by 171.4% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,877,006 shares of the credit services provider’s stock worth $312,274,000 after buying an additional 3,080,163 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Paypal by 211.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,404,830 shares of the credit services provider’s stock worth $324,284,000 after buying an additional 2,990,330 shares during the last quarter. Institutional investors own 82.48% of the company’s stock.

A number of equities research analysts have weighed in on PYPL shares. Cantor Fitzgerald reissued a “buy” rating and issued a $85.00 price target on shares of Paypal in a report on Thursday, February 1st. BTIG Research reissued a “buy” rating and issued a $81.00 price target on shares of Paypal in a report on Sunday, November 19th. Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $80.21 price target for the company in a report on Wednesday, November 29th. Robert W. Baird upped their price target on shares of Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Finally, Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Wednesday, December 20th. Nine investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company. Paypal currently has a consensus rating of “Buy” and an average price target of $76.97.

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About Paypal

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.

Insider Buying and Selling by Quarter for Paypal (NASDAQ:PYPL)

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