Paypal Holdings Inc (NASDAQ:PYPL) CFO John D. Rainey sold 7,282 shares of the business’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $83.68, for a total value of $609,357.76. Following the sale, the chief financial officer now directly owns 142,664 shares of the company’s stock, valued at $11,938,123.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Paypal stock opened at $85.04 on Friday. The stock has a market cap of $95.33 billion, a PE ratio of 61.18, a P/E/G ratio of 2.54 and a beta of 1.31. Paypal Holdings Inc has a 1 year low of $68.61 and a 1 year high of $93.70.
Paypal (NASDAQ:PYPL) last posted its earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. Equities research analysts predict that Paypal Holdings Inc will post 1.79 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of PYPL. Archford Capital Strategies LLC grew its position in shares of Paypal by 92.6% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 625 shares during the period. Patton Albertson Miller Group LLC acquired a new position in shares of Paypal in the 3rd quarter valued at approximately $126,000. Landaas & Co. WI ADV acquired a new position in shares of Paypal in the 2nd quarter valued at approximately $135,000. Adviser Investments LLC grew its position in shares of Paypal by 165.3% in the 2nd quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock valued at $138,000 after purchasing an additional 1,030 shares during the period. Finally, Itau Unibanco Holding S.A. grew its position in shares of Paypal by 50.8% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock valued at $142,000 after purchasing an additional 580 shares during the period. Institutional investors and hedge funds own 79.55% of the company’s stock.
PYPL has been the subject of several recent research reports. Zacks Investment Research cut Paypal from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. BidaskClub cut Paypal from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 18th. Credit Suisse Group boosted their price objective on Paypal from $93.00 to $100.00 and gave the stock a “$87.38” rating in a report on Thursday, July 19th. Jefferies Financial Group reissued a “buy” rating and set a $110.00 price objective on shares of Paypal in a report on Wednesday, August 29th. Finally, Wells Fargo & Co boosted their price objective on Paypal from $95.00 to $101.00 and gave the stock an “outperform” rating in a report on Thursday, July 26th. Seven equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. Paypal currently has a consensus rating of “Buy” and an average price target of $93.93.
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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