Traders Sell Paypal (PYPL) on Strength (PYPL)
Traders sold shares of Paypal Holdings Inc (NASDAQ:PYPL) on strength during trading hours on Tuesday. $127.72 million flowed into the stock on the tick-up and $174.18 million flowed out of the stock on the tick-down, for a money net flow of $46.46 million out of the stock. Of all stocks tracked, Paypal had the 23rd highest net out-flow for the day. Paypal traded up $0.36 for the day and closed at $106.93
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Paypal from a “hold” rating to a “buy” rating and set a $116.00 price objective for the company in a report on Tuesday, April 2nd. Morgan Stanley upped their price target on Paypal from $99.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Bank of America restated a “buy” rating and set a $116.00 price objective (up from $102.00) on shares of Paypal in a research report on Friday, March 15th. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 9th. Finally, Nomura upped their target price on Paypal from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 28th. Nine investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $99.69.
The stock has a market cap of $124.04 billion, a P/E ratio of 59.74, a price-to-earnings-growth ratio of 2.75 and a beta of 1.03.
In related news, EVP Aaron Karczmer sold 3,677 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $94.44, for a total transaction of $347,255.88. Following the transaction, the executive vice president now owns 11,399 shares in the company, valued at approximately $1,076,521.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Adele Louise Pentland sold 3,056 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $89.08, for a total value of $272,228.48. Following the transaction, the executive vice president now directly owns 55,963 shares of the company’s stock, valued at approximately $4,985,184.04. The disclosure for this sale can be found here. Insiders sold 280,295 shares of company stock worth $26,469,952 in the last 90 days. Company insiders own 0.20% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Truehand Inc purchased a new stake in Paypal in the fourth quarter worth $25,000. Bruderman Asset Management LLC purchased a new stake in shares of Paypal in the 4th quarter worth about $27,000. CX Institutional grew its position in shares of Paypal by 605.7% in the 1st quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after buying an additional 321 shares during the period. Karp Capital Management Corp bought a new position in shares of Paypal in the 4th quarter worth about $37,000. Finally, Virtus ETF Advisers LLC increased its stake in shares of Paypal by 33.7% in the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 81.33% of the company’s stock.
Paypal Company Profile (NASDAQ:PYPL)
PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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