Paypal Holdings Inc (PYPL) EVP Sells $468,660.00 in Stock

Paypal Holdings Inc (NASDAQ:PYPL) EVP Adele Louise Pentland sold 6,000 shares of Paypal stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $78.11, for a total value of $468,660.00. Following the transaction, the executive vice president now directly owns 46,045 shares in the company, valued at approximately $3,596,574.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Paypal Holdings Inc (NASDAQ:PYPL) traded up $0.97 during mid-day trading on Tuesday, hitting $75.68. The stock had a trading volume of 19,430,000 shares, compared to its average volume of 9,720,000. Paypal Holdings Inc has a one year low of $39.34 and a one year high of $86.32. The firm has a market capitalization of $90,960.00 and a price-to-earnings ratio of 51.48.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 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 company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. sell-side analysts predict that Paypal Holdings Inc will post 1.69 earnings per share for the current fiscal year.

Several research firms have weighed in on PYPL. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Stifel Nicolaus lifted their target price on Paypal from $61.00 to $70.00 and gave the company a “hold” rating in a research note on Sunday, October 22nd. Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Thursday, October 26th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $79.00 target price on shares of Paypal in a research note on Friday, October 20th. Finally, Mizuho reaffirmed a “hold” rating and set a $50.00 target price on shares of Paypal in a research note on Sunday, October 15th. Nine analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $77.04.

Several hedge funds have recently modified their holdings of PYPL. Jennison Associates LLC raised its stake in shares of Paypal by 117.3% in the fourth quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock valued at $1,204,003,000 after purchasing an additional 8,827,558 shares in the last quarter. Harding Loevner LP raised its stake in shares of Paypal by 86.1% in the third quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock valued at $381,030,000 after purchasing an additional 5,253,746 shares in the last quarter. Capital World Investors raised its stake in shares of Paypal by 313.5% in the second quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock valued at $330,127,000 after purchasing an additional 4,663,337 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Paypal by 1,064.7% in the second quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock valued at $260,921,000 after purchasing an additional 4,444,097 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of 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 valued at $312,274,000 after purchasing an additional 3,080,163 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.

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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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