PayPal Holdings, Inc. (NASDAQ:PYPL) Director Gail J. Mcgovern sold 1,800 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $53.97, for a total transaction of $97,146.00. Following the sale, the director now owns 12,647 shares in the company, valued at approximately $682,558.59. The sale was disclosed in a legal filing with the SEC, which is available at this link.
PayPal Holdings, Inc. (NASDAQ:PYPL) traded down 0.86% during midday trading on Friday, hitting $51.84. The company had a trading volume of 10,931,122 shares. The firm has a 50-day moving average price of $50.82 and a 200-day moving average price of $43.93. The company has a market cap of $62.27 billion, a price-to-earnings ratio of 44.31 and a beta of 0.95. PayPal Holdings, Inc. has a 12 month low of $34.00 and a 12 month high of $55.14.
PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.94 billion. PayPal Holdings had a return on equity of 10.78% and a net margin of 12.60%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share. Equities analysts anticipate that PayPal Holdings, Inc. will post $1.78 EPS for the current year.
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A number of analysts have recently commented on the stock. BidaskClub cut shares of PayPal Holdings from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Vetr upgraded 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 Thursday. Citigroup Inc. restated a “buy” rating and set a $62.00 target price (up previously from $52.00) on shares of PayPal Holdings in a report on Friday, June 9th. BMO Capital Markets boosted their target price on shares of PayPal Holdings from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, June 9th. Finally, Robert W. Baird restated an “outperform” rating and set a $59.00 target price (up previously from $54.00) on shares of PayPal Holdings in a report on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $50.19.
Institutional investors have recently modified their holdings of the company. 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 period. 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 period. 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 period. 81.93% of the stock is owned by institutional investors and hedge funds.
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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