Investors Buy PayPal (PYPL) on Weakness

Traders bought shares of PayPal (NASDAQ:PYPL) on weakness during trading hours on Friday. $207.31 million flowed into the stock on the tick-up and $144.39 million flowed out of the stock on the tick-down, for a money net flow of $62.92 million into the stock. Of all companies tracked, PayPal had the 12th highest net in-flow for the day. PayPal traded down ($0.59) for the day and closed at $80.96

Several brokerages recently commented on PYPL. BidaskClub upgraded PayPal from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Wedbush upgraded PayPal from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $93.00 price objective on shares of PayPal in a report on Friday. Craig Hallum set a $93.00 price objective on PayPal and gave the stock a “buy” rating in a report on Friday, May 18th. Finally, UBS restated a “buy” rating and set a $90.00 price objective on shares of PayPal in a report on Friday, May 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $82.89.

The firm has a market cap of $96.27 billion, a price-to-earnings ratio of 58.24, a P/E/G ratio of 2.68 and a beta of 1.28.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. PayPal had a return on equity of 12.35% and a net margin of 13.92%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. research analysts predict that PayPal will post 1.71 earnings per share for the current fiscal year.

In related news, insider Daniel H. Schulman sold 26,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $80.66, for a total transaction of $2,097,160.00. Following the completion of the transaction, the insider now owns 268,189 shares in the company, valued at approximately $21,632,124.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Adele Louise Pentland sold 16,778 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $77.76, for a total value of $1,304,657.28. The disclosure for this sale can be found here. Insiders have sold a total of 198,156 shares of company stock valued at $15,089,123 in the last 90 days. Insiders own 0.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC boosted its position in PayPal by 40.1% during the 1st quarter. IHT Wealth Management LLC now owns 2,231 shares of the credit services provider’s stock valued at $167,000 after purchasing an additional 639 shares during the period. Cigna Investments Inc. New boosted its position in PayPal by 1.4% during the 4th quarter. Cigna Investments Inc. New now owns 47,106 shares of the credit services provider’s stock worth $3,468,000 after acquiring an additional 641 shares during the period. Waldron LP boosted its position in PayPal by 16.9% during the 4th quarter. Waldron LP now owns 4,467 shares of the credit services provider’s stock worth $328,000 after acquiring an additional 646 shares during the period. Comerica Securities Inc. boosted its position in PayPal by 3.7% during the 1st quarter. Comerica Securities Inc. now owns 18,987 shares of the credit services provider’s stock worth $1,441,000 after acquiring an additional 673 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its position in PayPal by 24.1% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 3,553 shares of the credit services provider’s stock worth $269,000 after acquiring an additional 690 shares during the period. Institutional investors and hedge funds own 78.26% of the company’s stock.

About PayPal

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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