Investors Sell PayPal Holdings, Inc. (PYPL) on Strength (PYPL)
Traders sold shares of PayPal Holdings, Inc. (NASDAQ:PYPL) on strength during trading hours on Tuesday. $47.53 million flowed into the stock on the tick-up and $97.00 million flowed out of the stock on the tick-down, for a money net flow of $49.47 million out of the stock. Of all equities tracked, PayPal Holdings had the 20th highest net out-flow for the day. PayPal Holdings traded up $0.04 for the day and closed at $64.22
Several research analysts have weighed in on the company. TheStreet upgraded PayPal Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 3rd. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 target price on the stock in a report on Wednesday, June 21st. BTIG Research boosted their target price on shares of PayPal Holdings from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, June 26th. KeyCorp upgraded shares of PayPal Holdings to a “buy” rating and set a $60.00 target price for the company in a research report on Wednesday, June 21st. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $62.00 target price (up from $52.00) on shares of PayPal Holdings in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company. PayPal Holdings currently has an average rating of “Buy” and an average target price of $61.83.
The company has a market capitalization of $77.22 billion, a price-to-earnings ratio of 51.79 and a beta of 0.98. The company has a 50 day moving average of $63.31 and a 200-day moving average of $63.31.
PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. Analysts predict that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.
In related news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the sale, the executive vice president now directly owns 37,492 shares in the company, valued at approximately $2,212,028. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction on Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the sale, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181. The disclosure for this sale can be found here. Insiders have sold a total of 261,351 shares of company stock valued at $15,302,809 in the last 90 days. Insiders own 6.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. Guardian Life Insurance Co. of America increased its position in shares of PayPal Holdings by 0.9% during the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 38 shares in the last quarter. Apriem Advisors lifted its holdings in shares of PayPal Holdings by 0.6% in the 2nd 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 last quarter. Westside Investment Management Inc. lifted its holdings in shares of PayPal Holdings by 0.4% in the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after purchasing an additional 60 shares during the last quarter. Sigma Planning Corp lifted its holdings in shares of PayPal Holdings by 0.4% in the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares during the last quarter. Finally, Train Babcock Advisors LLC lifted its holdings in shares of PayPal Holdings by 1.6% in the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 86 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.
PayPal Holdings 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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