Investors Buy Shares of Paypal (PYPL) on Weakness
Traders bought shares of Paypal Holdings Inc (NASDAQ:PYPL) on weakness during trading on Thursday. $180.94 million flowed into the stock on the tick-up and $114.94 million flowed out of the stock on the tick-down, for a money net flow of $66.00 million into the stock. Of all companies tracked, Paypal had the 6th highest net in-flow for the day. Paypal traded down ($0.02) for the day and closed at $76.73
A number of equities analysts have recently issued reports on PYPL shares. Barclays increased their price target on Paypal from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. KeyCorp reissued a “buy” rating and set a $70.00 price target (up previously from $66.00) on shares of Paypal in a research report on Monday, September 18th. Zacks Investment Research downgraded Paypal from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Sanford C. Bernstein reissued an “outperform” rating and set a $66.00 price target on shares of Paypal in a research report on Wednesday, September 27th. Finally, Susquehanna Bancshares reissued a “positive” rating and set a $75.00 price target (up previously from $67.00) on shares of Paypal in a research report on Friday, September 29th. Ten investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. Paypal currently has a consensus rating of “Buy” and a consensus target price of $74.65.
The stock has a market cap of $97,020.00 and a price-to-earnings ratio of 61.48.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. equities analysts predict that Paypal Holdings Inc will post 1.37 EPS for the current fiscal year.
In other Paypal news, Director Rodney C. Adkins purchased 6,750 shares of the stock in a transaction on Friday, December 8th. The stock was acquired at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the acquisition, the director now owns 10,149 shares in the company, valued at $751,431.96. The acquisition was disclosed in a filing with the SEC, which is available at this link. 6.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PYPL. Nikko Asset Management Americas Inc. raised its stake in shares of Paypal by 1,144.3% in the second quarter. Nikko Asset Management Americas Inc. now owns 415,600 shares of the credit services provider’s stock worth $22,305,000 after purchasing an additional 382,200 shares during the last quarter. BB&T Securities LLC raised its stake in shares of Paypal by 24.2% in the second quarter. BB&T Securities LLC now owns 170,765 shares of the credit services provider’s stock worth $9,164,000 after purchasing an additional 33,268 shares during the last quarter. HM Payson & Co. purchased a new position in shares of Paypal in the second quarter worth about $205,000. Train Babcock Advisors LLC raised its stake in shares of Paypal by 1.6% in the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after purchasing an additional 86 shares during the last quarter. Finally, Peddock Capital Advisors LLC raised its stake in shares of Paypal by 15.6% in the second quarter. Peddock Capital Advisors LLC now owns 10,906 shares of the credit services provider’s stock worth $585,000 after purchasing an additional 1,470 shares during the last quarter. 80.73% of the stock is owned by institutional investors and hedge funds.
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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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