Traders bought shares of Paypal Holdings Inc (NASDAQ:PYPL) on weakness during trading on Friday. $196.69 million flowed into the stock on the tick-up and $114.95 million flowed out of the stock on the tick-down, for a money net flow of $81.74 million into the stock. Of all stocks tracked, Paypal had the 20th highest net in-flow for the day. Paypal traded down ($3.05) for the day and closed at $82.77

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Paypal from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Wednesday, October 24th. BidaskClub lowered Paypal from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Stifel Nicolaus upped their price objective on Paypal to $108.00 and gave the company a “buy” rating in a report on Friday, October 19th. Bank of America upped their price objective on Paypal from $98.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Finally, SunTrust Banks cut their price objective on Paypal to $88.00 and set a “hold” rating for the company in a report on Friday, October 19th. Seven research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $94.96.

The firm has a market cap of $99.21 billion, a P/E ratio of 59.55, a price-to-earnings-growth ratio of 2.57 and a beta of 1.22.

Paypal (NASDAQ:PYPL) last announced its earnings results on Thursday, October 18th. The credit services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the business posted $0.46 earnings per share. Paypal’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts anticipate that Paypal Holdings Inc will post 1.79 EPS for the current fiscal year.

In other news, insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $89.57, for a total transaction of $2,328,820.00. Following the completion of the sale, the insider now directly owns 331,506 shares of the company’s stock, valued at $29,692,992.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John J. Donahoe sold 139,290 shares of the company’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $82.51, for a total value of $11,492,817.90. Following the sale, the director now directly owns 125,136 shares of the company’s stock, valued at $10,324,971.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 407,213 shares of company stock valued at $34,171,688. 0.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Rehmann Capital Advisory Group lifted its stake in Paypal by 49.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 10,577 shares of the credit services provider’s stock worth $929,000 after acquiring an additional 3,518 shares in the last quarter. Great Lakes Advisors LLC lifted its stake in Paypal by 9.0% in the 3rd quarter. Great Lakes Advisors LLC now owns 27,646 shares of the credit services provider’s stock worth $2,428,000 after acquiring an additional 2,285 shares in the last quarter. Carnegie Capital Asset Management LLC lifted its stake in Paypal by 20.1% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 237,917 shares of the credit services provider’s stock worth $20,295,000 after acquiring an additional 39,789 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in Paypal in the 3rd quarter worth about $1,727,000. Finally, Vanguard Group Inc. lifted its stake in Paypal by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after acquiring an additional 3,056,620 shares in the last quarter. 80.52% of the stock is owned by hedge funds and other institutional investors.

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Paypal Company Profile (NASDAQ:PYPL)

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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