Investors Sell Paypal (PYPL) on Strength (PYPL)

Traders sold shares of Paypal Holdings Inc (NASDAQ:PYPL) on strength during trading hours on Thursday. $100.54 million flowed into the stock on the tick-up and $188.20 million flowed out of the stock on the tick-down, for a money net flow of $87.66 million out of the stock. Of all equities tracked, Paypal had the 0th highest net out-flow for the day. Paypal traded up $0.47 for the day and closed at $82.94

A number of research analysts have issued reports on the company. Jefferies Group lifted their price objective on Paypal from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday. Credit Suisse Group restated an “outperform” rating and issued a $91.00 price target (up previously from $85.00) on shares of Paypal in a research note on Wednesday. BidaskClub upgraded Paypal from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Cowen upgraded Paypal from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $79.05 to $88.00 in a research note on Tuesday, January 9th. Finally, Vetr cut Paypal from a “buy” rating to a “hold” rating and set a $81.27 price target for the company. in a research note on Monday, January 8th. Ten research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $76.55.

The firm has a market capitalization of $101,860.00 and a P/E ratio of 65.50.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. equities analysts anticipate that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.

In other news, 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 bought at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the transaction, the director now owns 10,149 shares of the company’s stock, valued at $751,431.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.00% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of PYPL. Synovus Financial Corp lifted its position in shares of Paypal by 8.4% in the second quarter. Synovus Financial Corp now owns 26,820 shares of the credit services provider’s stock worth $1,439,000 after buying an additional 2,085 shares in the last quarter. Rosenblum Silverman Sutton S F Inc. CA raised its position in Paypal by 0.8% during the second quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 76,521 shares of the credit services provider’s stock valued at $4,107,000 after purchasing an additional 625 shares during the period. Meiji Yasuda Life Insurance Co raised its position in Paypal by 2.1% during the second quarter. Meiji Yasuda Life Insurance Co now owns 28,900 shares of the credit services provider’s stock valued at $1,551,000 after purchasing an additional 600 shares during the period. Calamos Wealth Management LLC raised its position in Paypal by 0.3% during the second quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock valued at $2,086,000 after purchasing an additional 98 shares during the period. Finally, Fiduciary Trust Co. raised its position in Paypal by 48.7% during the second quarter. Fiduciary Trust Co. now owns 13,130 shares of the credit services provider’s stock valued at $705,000 after purchasing an additional 4,300 shares during the period. Institutional investors own 81.90% of the company’s stock.

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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.

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