Insider Selling: Paypal Holdings Inc (PYPL) EVP Sells 6,000 Shares of Stock
Paypal Holdings Inc (NASDAQ:PYPL) EVP Adele Louise Pentland sold 6,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $78.11, for a total transaction of $468,660.00. Following the completion of the transaction, the executive vice president now owns 46,045 shares in the company, valued at $3,596,574.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Paypal Holdings Inc (NASDAQ PYPL) opened at $75.68 on Wednesday. The stock has a market capitalization of $89,646.00, a price-to-earnings ratio of 51.48, a price-to-earnings-growth ratio of 2.41 and a beta of 1.18. Paypal Holdings Inc has a 52-week low of $39.70 and a 52-week high of $86.32.
Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Paypal had a return on equity of 11.59% and a net margin of 13.71%. Paypal’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share. analysts expect that Paypal Holdings Inc will post 1.74 earnings per share for the current fiscal year.
Several equities analysts have commented on PYPL shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $79.00 price target on shares of Paypal in a research note on Friday, October 20th. Jefferies Group increased their price target on shares of Paypal from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Nomura increased their price target on shares of Paypal from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Citigroup increased their price target on shares of Paypal from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Craig Hallum reiterated a “buy” rating and issued a $83.00 price target (up from $67.00) on shares of Paypal in a research note on Tuesday, October 17th. Nine analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $77.04.
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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