Paypal Holdings (PYPL) Earns Daily Coverage Optimism Score of 0.19
News articles about Paypal Holdings (NASDAQ:PYPL) have been trending somewhat positive recently, AlphaOne reports. AlphaOne, a unit of Accern, identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paypal Holdings earned a media sentiment score of 0.19 on AlphaOne’s scale. AlphaOne also assigned news stories about the credit services provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Alpha One’s analysis:
- Buying drinks for a band: the birth of payment service Venmo (finance.yahoo.com)
- Paypal Holdings Inc to Post Q1 2017 Earnings of $0.34 Per Share, Wedbush Forecasts (PYPL) (americanbankingnews.com)
- Jefferies Group LLC Reaffirms “Buy” Rating for Paypal Holdings Inc (PYPL) (americanbankingnews.com)
- 5 ways a biography of Ben Franklin shaped Elon Musk's world view (finance.yahoo.com)
- Paypal Holdings’ (PYPL) Outperform Rating Reaffirmed at Wedbush (americanbankingnews.com)
Shares of Paypal Holdings (NASDAQ:PYPL) traded up 0.90% on Thursday, reaching $43.69. The company’s stock had a trading volume of 4,811,155 shares. The company has a 50 day moving average of $42.92 and a 200 day moving average of $41.19. The stock has a market capitalization of $52.76 billion, a P/E ratio of 37.99 and a beta of 0.91. Paypal Holdings has a 1-year low of $34.00 and a 1-year high of $44.52.
Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, January 26th. The credit services provider reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The company earned $2.98 billion during the quarter, compared to analyst estimates of $2.98 billion. Paypal Holdings had a return on equity of 10.69% and a net margin of 12.92%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. Equities research analysts expect that Paypal Holdings will post $1.72 earnings per share for the current fiscal year.
PYPL has been the topic of several research reports. Goldman Sachs Group Inc increased their price target on shares of Paypal Holdings from $49.00 to $50.00 and gave the stock a “conviction-buy” rating in a report on Friday, January 27th. Zacks Investment Research upgraded shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Friday, January 13th. Deutsche Bank AG reiterated a “buy” rating and issued a $52.00 price target on shares of Paypal Holdings in a report on Monday, January 30th. Robert W. Baird reiterated an “outperform” rating and issued a $48.00 price target on shares of Paypal Holdings in a report on Saturday, January 28th. Finally, Vetr downgraded shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $43.39 price target on the stock. in a report on Tuesday, December 27th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the stock. Paypal Holdings currently has a consensus rating of “Buy” and a consensus price target of $45.51.
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In other Paypal Holdings news, EVP Gary J. Marino sold 17,386 shares of the company’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $42.63, for a total transaction of $741,165.18. Following the completion of the sale, the executive vice president now directly owns 40,740 shares in the company, valued at $1,736,746.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gary J. Marino sold 13,535 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $42.52, for a total value of $575,508.20. Following the sale, the executive vice president now owns 39,405 shares of the company’s stock, valued at $1,675,500.60. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
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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