Somewhat Favorable Media Coverage Somewhat Unlikely to Affect PayPal Holdings (PYPL) Stock Price
News coverage about PayPal Holdings (NASDAQ:PYPL) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PayPal Holdings earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the credit services provider an impact score of 45.7647124273728 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- PayPal Holdings, Inc. (PYPL) Now Covered by Analysts at Buckingham Research (americanbankingnews.com)
- PayPal announces the appointment of Rodney C. Adkins to its Board of Directors (eprretailnews.com)
- PayPal Holdings, Inc. (PYPL) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Investors Buy Large Volume of PayPal Holdings Call Options (PYPL) (americanbankingnews.com)
- PayPal Holdings, Inc. (PYPL) Given Buy Rating at Robert W. Baird (americanbankingnews.com)
PayPal Holdings (NASDAQ PYPL) opened at 64.01 on Thursday. The company’s 50-day moving average price is $63.39 and its 200 day moving average price is $63.39. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $65.24. The firm has a market capitalization of $76.97 billion, a price-to-earnings ratio of 51.62 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. Equities research analysts predict that PayPal Holdings will post $1.84 earnings per share for the current year.
Several research analysts have recently issued reports on PYPL shares. BidaskClub raised PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Robert W. Baird reaffirmed an “outperform” rating and set a $65.00 price target (up previously from $59.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Credit Suisse Group reaffirmed an “outperform” rating on shares of PayPal Holdings in a research note on Tuesday, September 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $65.00 price target on shares of PayPal Holdings in a research note on Tuesday, August 29th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $72.00 price target (up previously from $60.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $61.83.
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In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the sale, the chief operating officer now owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the sale, the director now directly owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 261,351 shares of company stock worth $15,302,809. 6.00% of the stock is currently owned by insiders.
About PayPal Holdings
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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