Investors Buy Shares of Paypal (PYPL) on Weakness

Traders bought shares of Paypal Holdings Inc (NASDAQ:PYPL) on weakness during trading on Friday. $131.80 million flowed into the stock on the tick-up and $109.10 million flowed out of the stock on the tick-down, for a money net flow of $22.70 million into the stock. Of all stocks tracked, Paypal had the 21st highest net in-flow for the day. Paypal traded down ($0.78) for the day and closed at $72.91

PYPL has been the subject of a number of research analyst reports. Credit Suisse Group reissued an “outperform” rating and set a $85.00 target price (up previously from $74.00) on shares of Paypal in a report on Friday, November 17th. Barclays increased their target price on Paypal from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Citigroup reissued a “buy” rating and set a $87.00 target price on shares of Paypal in a report on Friday, November 17th. Zacks Investment Research cut Paypal from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Argus increased their target price on Paypal from $80.00 to $87.00 and gave the company a “buy” rating in a report on Friday, November 17th. Ten research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $73.25.

The stock has a market cap of $87,631.27, a PE ratio of 52.08, a P/E/G ratio of 2.99 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. sell-side analysts forecast that Paypal Holdings Inc will post 1.37 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apriem Advisors boosted its holdings in Paypal by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares during the period. Westside Investment Management Inc. raised its stake in Paypal by 0.4% in the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after buying an additional 60 shares in the last quarter. Sigma Planning Corp raised its stake in Paypal by 0.4% in the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after buying an additional 74 shares in the last quarter. Train Babcock Advisors LLC raised its stake in Paypal by 1.6% in the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after buying an additional 86 shares in the last quarter. Finally, Calamos Wealth Management LLC raised its stake in Paypal by 0.3% in the second quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock valued at $2,086,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

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Paypal Company Profile

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.

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