Gary J. Marino Sells 1,726 Shares of Paypal Holdings Inc. (PYPL) Stock
Paypal Holdings Inc. (NASDAQ:PYPL) EVP Gary J. Marino sold 1,726 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the sale, the executive vice president now owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) opened at 40.18 on Friday. The stock has a 50 day moving average of $39.13 and a 200-day moving average of $38.47. The company has a market capitalization of $47.49 billion, a price-to-earnings ratio of 36.53 and a beta of 1.10. Paypal Holdings Inc. has a one year low of $30.52 and a one year high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The company earned $2.65 billion during the quarter, compared to analyst estimates of $2.60 billion. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. During the same period in the prior year, the firm posted $0.32 EPS. On average, equities analysts expect that Paypal Holdings Inc. will post $1.50 earnings per share for the current year.
PYPL has been the topic of several research analyst reports. Credit Agricole SA set a $38.00 target price on shares of Paypal Holdings and gave the stock a “sell” rating in a research note on Thursday, September 15th. Sanford C. Bernstein reissued a “market perform” rating and set a $41.00 target price on shares of Paypal Holdings in a research note on Wednesday. Nomura reissued a “buy” rating and set a $54.00 target price on shares of Paypal Holdings in a research note on Wednesday. Canaccord Genuity lowered shares of Paypal Holdings from a “buy” rating to a “hold” rating and cut their target price for the stock from $45.00 to $40.00 in a research note on Monday, September 19th. Finally, Vetr raised shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $42.50 target price on the stock in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $43.95.
Large investors have recently added to or reduced their stakes in the company. Feltz Wealth PLAN Inc. purchased a new stake in Paypal Holdings during the second quarter valued at about $100,000. SevenBridge Financial Group LLC purchased a new stake in Paypal Holdings during the second quarter valued at about $120,000. Global X Management Co. LLC raised its stake in Paypal Holdings by 253.7% in the second quarter. Global X Management Co. LLC now owns 3,445 shares of the company’s stock valued at $126,000 after buying an additional 2,471 shares in the last quarter. Mycio Wealth Partners LLC raised its stake in Paypal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock valued at $128,000 after buying an additional 909 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its stake in Paypal Holdings by 179.6% in the second quarter. Ropes Wealth Advisors LLC now owns 3,523 shares of the company’s stock valued at $129,000 after buying an additional 2,263 shares in the last quarter. 78.77% of the stock is owned by institutional investors.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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