Paypal Holdings Inc (NASDAQ:PYPL) EVP Jonathan Auerbach sold 8,730 shares of Paypal stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $113.80, for a total value of $993,474.00. Following the transaction, the executive vice president now directly owns 120,470 shares of the company’s stock, valued at $13,709,486. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ:PYPL traded down $1.07 during midday trading on Friday, reaching $112.80. The company’s stock had a trading volume of 3,632,284 shares, compared to its average volume of 7,169,308. The company has a market cap of $133.01 billion, a P/E ratio of 63.02, a P/E/G ratio of 2.78 and a beta of 1.05. Paypal Holdings Inc has a 1 year low of $74.66 and a 1 year high of $114.66.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.11. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. Research analysts forecast that Paypal Holdings Inc will post 2.24 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. American Assets Investment Management LLC grew its position in shares of Paypal by 16.4% in the fourth quarter. American Assets Investment Management LLC now owns 72,990 shares of the credit services provider’s stock valued at $6,138,000 after purchasing an additional 10,300 shares during the period. CX Institutional boosted its holdings in Paypal by 605.7% in the first quarter. CX Institutional now owns 374 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 321 shares during the last quarter. Concorde Asset Management LLC boosted its holdings in Paypal by 3.1% in the fourth quarter. Concorde Asset Management LLC now owns 4,027 shares of the credit services provider’s stock valued at $339,000 after acquiring an additional 121 shares during the last quarter. Actinver Wealth Management Inc. acquired a new position in Paypal in the fourth quarter valued at $560,000. Finally, Calamos Wealth Management LLC acquired a new position in Paypal in the fourth quarter valued at $464,000. 81.68% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on PYPL. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a report on Friday. BTIG Research lifted their price objective on Paypal from $114.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, May 6th. They noted that the move was a valuation call. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal in a report on Wednesday, May 1st. KeyCorp lifted their price objective on Paypal from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Finally, Oppenheimer lifted their price objective on Paypal from $100.00 to $116.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Paypal has an average rating of “Buy” and a consensus target price of $107.68.
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Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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