Paypal Holdings Inc (NASDAQ:PYPL) Director Rodney C. Adkins bought 6,750 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $74.04 per share, with a total value of $499,770.00. Following the purchase, the director now owns 10,149 shares in the company, valued at $751,431.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Paypal Holdings Inc (NASDAQ:PYPL) opened at $74.09 on Thursday. Paypal Holdings Inc has a twelve month low of $39.02 and a twelve month high of $79.39. The stock has a market capitalization of $88,484.62, a P/E ratio of 52.59, a PEG ratio of 3.02 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last issued its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analysts’ expectations of $3.18 billion. During the same period in the prior year, the firm posted $0.35 EPS. Paypal’s quarterly revenue was up 21.4% compared to the same quarter last year. equities research analysts anticipate that Paypal Holdings Inc will post 1.37 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. First American Bank acquired a new stake in Paypal during the 2nd quarter valued at $258,000. Charter Trust Co. acquired a new stake in Paypal during the 2nd quarter valued at $233,000. Deane Retirement Strategies Inc. acquired a new stake in Paypal during the 2nd quarter valued at $1,897,000. Iberiabank Corp increased its holdings in Paypal by 67.6% during the 2nd quarter. Iberiabank Corp now owns 21,482 shares of the credit services provider’s stock valued at $1,153,000 after purchasing an additional 8,662 shares in the last quarter. Finally, Tompkins Financial Corp increased its holdings in Paypal by 7,540.3% during the 2nd quarter. Tompkins Financial Corp now owns 35,451 shares of the credit services provider’s stock valued at $1,903,000 after purchasing an additional 34,987 shares in the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

PYPL has been the subject of several recent analyst reports. Credit Suisse Group restated an “outperform” rating and set a $70.00 target price (up previously from $63.00) on shares of Paypal in a research note on Tuesday, October 10th. BTIG Research restated a “buy” rating and set a $81.00 target price on shares of Paypal in a research note on Sunday, November 19th. Vetr upgraded Paypal from a “hold” rating to a “buy” rating and set a $80.21 target price for the company in a research note on Wednesday, November 29th. Robert W. Baird increased their target price on Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Finally, Bank of America raised their price objective on Paypal from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Ten analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $73.53.

TRADEMARK VIOLATION NOTICE: “Paypal Holdings Inc (PYPL) Director Purchases $499,770.00 in Stock” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/14/paypal-holdings-inc-pypl-director-purchases-499770-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for Paypal (NASDAQ:PYPL)

Receive News & Stock Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related stocks with our FREE daily email newsletter.