PayPal Holdings, Inc. (NASDAQ:PYPL) COO William J. Ready sold 90,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were 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 directly owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of PayPal Holdings, Inc. (PYPL) opened at 59.34 on Wednesday. The stock has a market capitalization of $71.35 billion, a price-to-earnings ratio of 47.85 and a beta of 0.98. The stock’s 50 day moving average price is $55.57 and its 200 day moving average price is $47.60. PayPal Holdings, Inc. has a 12 month low of $36.28 and a 12 month high of $61.30.
PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts expect that PayPal Holdings, Inc. will post $1.83 EPS for the current year.
PayPal Holdings declared that its Board of Directors has initiated a share repurchase plan on Wednesday, April 26th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 9.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
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A number of research firms have weighed in on PYPL. UBS AG reissued a “neutral” rating and set a $48.00 target price (up previously from $44.00) on shares of PayPal Holdings in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and set a $72.00 target price (up previously from $60.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. J P Morgan Chase & Co reissued an “overweight” rating and set a $59.00 target price on shares of PayPal Holdings in a research report on Thursday, July 27th. Stifel Nicolaus reissued a “hold” rating and set a $61.00 target price (up previously from $51.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Finally, Stephens reissued an “overweight” rating and set a $65.00 target price (up previously from $59.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $59.49.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. increased its position in shares of PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in shares of PayPal Holdings during the first quarter worth about $106,000. Carroll Financial Associates Inc. increased its position in shares of PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in shares of PayPal Holdings during the first quarter worth about $119,000. Finally, West Oak Capital LLC increased its position in shares of PayPal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock worth $123,000 after buying an additional 550 shares during the last quarter. 81.26% of the stock is currently owned by hedge funds and other institutional investors.
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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