Paypal Holdings Inc (NASDAQ:PYPL) CEO Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $107.09, for a total value of $3,212,700.00. Following the completion of the sale, the chief executive officer now directly owns 487,074 shares of the company’s stock, valued at $52,160,754.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Paypal stock traded down $2.10 during midday trading on Monday, reaching $102.72. 6,925,312 shares of the stock traded hands, compared to its average volume of 6,871,363. The business has a 50-day simple moving average of $114.39. Paypal Holdings Inc has a 12-month low of $74.66 and a 12-month high of $121.48. The firm has a market capitalization of $125.66 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 2.47 and a beta of 0.97.
Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the business posted $0.58 EPS. Paypal’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts expect that Paypal Holdings Inc will post 2.41 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on PYPL. SunTrust Banks raised their price objective on Paypal to $115.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. They noted that the move was a valuation call. Guggenheim downgraded Paypal from a “neutral” rating to a “sell” rating in a research report on Monday, July 29th. Robert W. Baird raised their price objective on Paypal from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. BidaskClub downgraded Paypal from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Canaccord Genuity raised their price objective on Paypal from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $120.81.
A number of institutional investors have recently made changes to their positions in the stock. Capital Asset Advisory Services LLC purchased a new position in shares of Paypal in the 2nd quarter valued at about $1,646,000. Chesley Taft & Associates LLC lifted its stake in Paypal by 1.1% during the second quarter. Chesley Taft & Associates LLC now owns 26,820 shares of the credit services provider’s stock worth $3,070,000 after purchasing an additional 295 shares during the last quarter. Bailard Inc. lifted its stake in Paypal by 11.1% during the second quarter. Bailard Inc. now owns 29,660 shares of the credit services provider’s stock worth $3,395,000 after purchasing an additional 2,968 shares during the last quarter. Geneva Partners LLC lifted its stake in Paypal by 0.3% during the second quarter. Geneva Partners LLC now owns 37,534 shares of the credit services provider’s stock worth $4,296,000 after purchasing an additional 120 shares during the last quarter. Finally, Wendell David Associates Inc. purchased a new stake in Paypal during the first quarter worth approximately $265,000. Institutional investors own 80.82% of the company’s stock.
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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