Paypal Holdings Inc (NASDAQ:PYPL) insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $96.09, for a total transaction of $2,882,700.00. Following the completion of the sale, the insider now owns 532,140 shares in the company, valued at $51,133,332.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NASDAQ:PYPL traded up $1.76 on Monday, reaching $97.45. 5,386,733 shares of the company’s stock were exchanged, compared to its average volume of 7,975,912. The firm has a market capitalization of $112.26 billion, a PE ratio of 54.44, a P/E/G ratio of 2.45 and a beta of 1.00. Paypal Holdings Inc has a 52 week low of $70.22 and a 52 week high of $99.45.
Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.23 billion. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share. Sell-side analysts expect that Paypal Holdings Inc will post 2.14 EPS for the current year.
Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after acquiring an additional 3,056,620 shares during the period. Vanguard Group Inc boosted its position in Paypal by 3.7% during the third quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after purchasing an additional 3,056,620 shares in the last quarter. FMR LLC boosted its position in Paypal by 4.2% during the third quarter. FMR LLC now owns 80,780,079 shares of the credit services provider’s stock valued at $7,095,722,000 after purchasing an additional 3,283,378 shares in the last quarter. BlackRock Inc. boosted its position in Paypal by 1.9% during the fourth quarter. BlackRock Inc. now owns 74,772,548 shares of the credit services provider’s stock valued at $6,287,624,000 after purchasing an additional 1,393,628 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Paypal by 7,419.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock valued at $231,000 after purchasing an additional 19,154,611 shares in the last quarter. Hedge funds and other institutional investors own 79.15% of the company’s stock.
Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Paypal from a “sell” rating to a “hold” rating in a research note on Monday, January 14th. BidaskClub upgraded shares of Paypal from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th. Craig Hallum restated a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of Paypal in a research report on Thursday, January 31st. Atlantic Securities lowered shares of Paypal from an “overweight” rating to a “neutral” rating in a research report on Friday, February 1st. Finally, Barclays restated an “overweight” rating and set a $115.00 price target (up previously from $110.00) on shares of Paypal in a research report on Monday, January 7th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $98.05.
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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