Paypal Holdings Inc (NASDAQ:PYPL) insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $84.38, for a total value of $2,193,880.00. Following the sale, the insider now owns 320,026 shares of the company’s stock, valued at $27,003,793.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ:PYPL opened at $83.51 on Monday. Paypal Holdings Inc has a 1 year low of $68.61 and a 1 year high of $93.70. The stock has a market cap of $98.40 billion, a P/E ratio of 60.08, a price-to-earnings-growth ratio of 2.62 and a beta of 1.23.
Paypal (NASDAQ:PYPL) last announced its earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period in the prior year, the company posted $0.46 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Equities analysts predict that Paypal Holdings Inc will post 1.79 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. increased its holdings in shares of Paypal by 50.8% in the second quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock valued at $142,000 after purchasing an additional 580 shares during the period. M&R Capital Management Inc. increased its holdings in shares of Paypal by 10.5% in the second quarter. M&R Capital Management Inc. now owns 6,180 shares of the credit services provider’s stock valued at $514,000 after purchasing an additional 585 shares during the period. Asset Dedication LLC increased its holdings in shares of Paypal by 11.1% in the third quarter. Asset Dedication LLC now owns 5,858 shares of the credit services provider’s stock valued at $517,000 after purchasing an additional 586 shares during the period. Twin Capital Management Inc. increased its holdings in shares of Paypal by 1.0% in the second quarter. Twin Capital Management Inc. now owns 58,010 shares of the credit services provider’s stock valued at $4,830,000 after purchasing an additional 600 shares during the period. Finally, Bremer Trust National Association increased its holdings in shares of Paypal by 4.5% in the second quarter. Bremer Trust National Association now owns 13,952 shares of the credit services provider’s stock valued at $1,162,000 after purchasing an additional 605 shares during the period. 79.55% of the stock is currently owned by institutional investors and hedge funds.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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