Traders Sell Paypal (PYPL) on Strength (PYPL)

Investors sold shares of Paypal Holdings Inc (NASDAQ:PYPL) on strength during trading hours on Tuesday. $136.30 million flowed into the stock on the tick-up and $200.04 million flowed out of the stock on the tick-down, for a money net flow of $63.74 million out of the stock. Of all equities tracked, Paypal had the 0th highest net out-flow for the day. Paypal traded up $0.14 for the day and closed at $79.19

PYPL has been the subject of several recent research reports. Bank of America reaffirmed a “buy” rating and set a $78.00 target price (up from $71.00) on shares of Paypal in a report on Friday, October 6th. Guggenheim reaffirmed a “buy” rating and set a $72.00 target price (up from $67.00) on shares of Paypal in a report on Thursday, October 5th. Deutsche Bank reaffirmed a “buy” rating and set a $77.00 target price (up from $64.00) on shares of Paypal in a report on Tuesday, October 3rd. Citigroup lifted their target price on shares of Paypal to $77.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Finally, Buckingham Research initiated coverage on shares of Paypal in a report on Monday, October 2nd. They set a “buy” rating and a $74.00 target price for the company. Ten analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and a consensus price target of $76.05.

The company has a market cap of $95,400.00 and a P/E ratio of 62.01.

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

In other Paypal news, Director Rodney C. Adkins bought 6,750 shares of the stock in a transaction on Friday, December 8th. The shares were bought at an average price of $74.04 per share, with a total value of $499,770.00. Following the purchase, the director now directly owns 10,149 shares in the company, valued at approximately $751,431.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Westside Investment Management Inc. boosted its stake in Paypal by 0.4% during the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 60 shares during the last quarter. Calamos Wealth Management LLC boosted its position in shares of Paypal by 0.3% during the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock valued at $2,086,000 after acquiring an additional 98 shares during the last quarter. Ropes Wealth Advisors LLC boosted its position in shares of Paypal by 1.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 8,642 shares of the credit services provider’s stock valued at $464,000 after acquiring an additional 99 shares during the last quarter. Linscomb & Williams Inc. boosted its position in shares of Paypal by 0.7% during the 2nd quarter. Linscomb & Williams Inc. now owns 16,248 shares of the credit services provider’s stock valued at $872,000 after acquiring an additional 117 shares during the last quarter. Finally, Green Square Capital LLC boosted its position in shares of Paypal by 2.0% during the 2nd quarter. Green Square Capital LLC now owns 6,748 shares of the credit services provider’s stock valued at $362,000 after acquiring an additional 133 shares during the last quarter. 80.73% of the stock is currently owned by institutional investors.

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About Paypal

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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