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 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.
WARNING: “Paypal Holdings Inc (PYPL) EVP Sells $468,660.00 in Stock” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/02/06/paypal-holdings-inc-pypl-evp-sells-468660-00-in-stock.html.
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.
Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.