Traders sold shares of PayPal Holdings, Inc. (NASDAQ:PYPL) on strength during trading on Thursday. $71.07 million flowed into the stock on the tick-up and $104.60 million flowed out of the stock on the tick-down, for a money net flow of $33.53 million out of the stock. Of all stocks tracked, PayPal Holdings had the 31st highest net out-flow for the day. PayPal Holdings traded up $1.81 for the day and closed at $65.82

Several brokerages recently issued reports on PYPL. Guggenheim reiterated a “buy” rating and issued a $72.00 price target (up from $67.00) on shares of PayPal Holdings in a research note on Thursday. Deutsche Bank AG reiterated a “buy” rating and issued a $77.00 price target (up from $64.00) on shares of PayPal Holdings in a research note on Tuesday. Citigroup Inc. boosted their price target on PayPal Holdings to $77.00 and gave the company a “buy” rating in a research note on Tuesday. Buckingham Research began coverage on PayPal Holdings in a research note on Monday. They issued a “buy” rating and a $74.00 price target for the company. Finally, Robert W. Baird reiterated a “buy” rating and issued a $65.00 price target on shares of PayPal Holdings in a research note on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $62.45.

The company’s 50 day moving average price is $63.39 and its 200 day moving average price is $63.39. The stock has a market cap of $79.14 billion, a price-to-earnings ratio of 53.08 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the company earned $0.36 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post $1.84 EPS for the current fiscal year.

In related news, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the transaction, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the transaction, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The disclosure for this sale can be found here. Insiders sold 261,351 shares of company stock worth $15,302,809 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of PayPal Holdings by 36.1% during the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after buying an additional 21,814,940 shares during the period. Vanguard Group Inc. increased its position in shares of PayPal Holdings by 2.8% during the second quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after buying an additional 2,115,017 shares during the period. BlackRock Inc. increased its position in shares of PayPal Holdings by 4.7% during the second quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after buying an additional 2,835,027 shares during the period. Edgewood Management LLC increased its position in shares of PayPal Holdings by 3.7% during the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock valued at $798,817,000 after buying an additional 663,087 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of PayPal Holdings by 15.4% during the first quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock valued at $637,263,000 after buying an additional 1,982,305 shares during the period. Institutional investors own 82.47% of the company’s stock.

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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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