Paypal Holdings Inc (NASDAQ:PYPL) insider Gary J. Marino sold 1,009 shares of Paypal stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $85.90, for a total transaction of $86,673.10. Following the completion of the sale, the insider now owns 41,309 shares of the company’s stock, valued at approximately $3,548,443.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
PYPL stock traded down $2.28 during trading on Friday, reaching $86.76. 9,104,643 shares of the company were exchanged, compared to its average volume of 8,887,477. The stock has a market cap of $99.80 billion, a price-to-earnings ratio of 62.42, a P/E/G ratio of 2.66 and a beta of 1.23. Paypal Holdings Inc has a twelve month low of $68.61 and a twelve month 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 for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, analysts predict that Paypal Holdings Inc will post 1.79 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its holdings in Paypal by 4.2% during the 3rd quarter. FMR LLC now owns 80,780,079 shares of the credit services provider’s stock worth $7,095,722,000 after acquiring an additional 3,283,378 shares during the last quarter. BlackRock Inc. grew its holdings in Paypal by 3.3% during the 3rd quarter. BlackRock Inc. now owns 73,378,920 shares of the credit services provider’s stock worth $6,445,605,000 after acquiring an additional 2,329,513 shares during the last quarter. Edgewood Management LLC grew its holdings in Paypal by 2.5% during the 2nd quarter. Edgewood Management LLC now owns 16,448,586 shares of the credit services provider’s stock worth $1,369,674,000 after acquiring an additional 396,410 shares during the last quarter. Fundsmith Equity Fund L.P. bought a new stake in Paypal during the 2nd quarter worth approximately $1,266,514,000. Finally, Bank of New York Mellon Corp grew its holdings in Paypal by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,475,292 shares of the credit services provider’s stock worth $920,150,000 after acquiring an additional 164,713 shares during the last quarter. 79.81% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of Paypal in a research note on Thursday, August 30th. They issued a “buy” rating and a $104.00 price objective for the company. BidaskClub upgraded shares of Paypal from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 31st. Zacks Investment Research cut shares of Paypal from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Raymond James upgraded shares of Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a research note on Friday, September 14th. Finally, KeyCorp reiterated an “overweight” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Paypal in a research note on Wednesday, July 25th. Seven analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. Paypal currently has a consensus rating of “Buy” and an average target price of $93.93.
TRADEMARK VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/11/09/paypal-holdings-inc-pypl-insider-gary-j-marino-sells-1009-shares.html.
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.
Recommended Story: NASDAQ
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.