PayPal (NASDAQ:PYPL) – Wedbush reduced their Q2 2019 earnings per share estimates for PayPal in a research note issued on Wednesday, April 18th. Wedbush analyst M. Katri now expects that the credit services provider will post earnings of $0.55 per share for the quarter, down from their prior forecast of $0.56. Wedbush also issued estimates for PayPal’s Q3 2019 earnings at $0.54 EPS, Q4 2019 earnings at $0.57 EPS and FY2019 earnings at $2.13 EPS.
A number of other equities analysts have also issued reports on PYPL. Goldman Sachs reissued a “buy” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a report on Thursday, December 21st. BidaskClub lowered PayPal from a “strong-buy” rating to a “buy” rating in a report on Monday, December 25th. Vetr raised PayPal from a “buy” rating to a “strong-buy” rating and set a $82.59 price objective for the company in a report on Monday, January 1st. Zacks Investment Research lowered PayPal from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Mizuho reissued a “hold” rating and issued a $75.00 price objective on shares of PayPal in a report on Thursday, January 4th. Ten research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $78.28.
Shares of PYPL stock opened at $79.68 on Friday. PayPal has a 12-month low of $43.26 and a 12-month high of $86.32. The company has a market capitalization of $95,378.12, a P/E ratio of 57.32, a price-to-earnings-growth ratio of 2.65 and a beta of 1.28.
PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. PayPal had a return on equity of 11.59% and a net margin of 13.71%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Buckingham Capital Management Inc. increased its position in PayPal by 7.4% during the third quarter. Buckingham Capital Management Inc. now owns 47,362 shares of the credit services provider’s stock worth $3,033,000 after buying an additional 3,268 shares during the last quarter. Atlantic Trust Group LLC grew its position in shares of PayPal by 48.5% in the third quarter. Atlantic Trust Group LLC now owns 197,147 shares of the credit services provider’s stock valued at $12,624,000 after purchasing an additional 64,416 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of PayPal in the fourth quarter valued at about $876,000. Abner Herrman & Brock LLC grew its position in shares of PayPal by 1.0% in the fourth quarter. Abner Herrman & Brock LLC now owns 258,553 shares of the credit services provider’s stock valued at $19,035,000 after purchasing an additional 2,560 shares during the last quarter. Finally, Progressive Investment Management Corp grew its position in shares of PayPal by 2.1% in the fourth quarter. Progressive Investment Management Corp now owns 43,786 shares of the credit services provider’s stock valued at $3,224,000 after purchasing an additional 883 shares during the last quarter. Institutional investors own 80.58% of the company’s stock.
In other news, COO William J. Ready sold 60,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $77.68, for a total value of $4,660,800.00. Following the completion of the sale, the chief operating officer now owns 95,944 shares in the company, valued at $7,452,929.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $75.90, for a total value of $1,973,400.00. Following the completion of the sale, the insider now owns 346,300 shares of the company’s stock, valued at approximately $26,284,170. The disclosure for this sale can be found here. Insiders sold 222,413 shares of company stock valued at $17,321,428 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.
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PayPal Company Profile
PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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