Paypal (PYPL) Sets New 1-Year High at $109.00

Paypal Holdings Inc (NASDAQ:PYPL) hit a new 52-week high on Monday . The company traded as high as $109.00 and last traded at $107.75, with a volume of 2613934 shares. The stock had previously closed at $108.48.

PYPL has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of Paypal from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, January 31st. Barclays restated an “overweight” rating and issued a $115.00 price objective (up from $110.00) on shares of Paypal in a report on Monday, January 7th. BidaskClub upgraded shares of Paypal from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Zacks Investment Research lowered shares of Paypal from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. Finally, BTIG Research lifted their target price on shares of Paypal to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, February 19th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Paypal has an average rating of “Buy” and a consensus target price of $100.12.

The company has a market cap of $126.83 billion, a PE ratio of 60.45, a PEG ratio of 2.83 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.23 billion. Paypal had a net margin of 13.31% and a return on equity of 14.67%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. On average, research analysts expect that Paypal Holdings Inc will post 2.15 earnings per share for the current year.

In related news, EVP Aaron Karczmer sold 6,813 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.25, for a total value of $669,377.25. Following the completion of the sale, the executive vice president now directly owns 57,859 shares of the company’s stock, valued at approximately $5,684,646.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John D. Rainey sold 32,999 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $89.21, for a total transaction of $2,943,840.79. Following the completion of the sale, the chief financial officer now directly owns 140,844 shares of the company’s stock, valued at $12,564,693.24. The disclosure for this sale can be found here. Insiders have sold a total of 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.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after buying an additional 3,056,620 shares in the last quarter. Vanguard Group Inc grew its holdings in Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after buying an additional 3,056,620 shares in the last quarter. BlackRock Inc. grew its holdings in Paypal by 1.9% during the 4th quarter. BlackRock Inc. now owns 74,772,548 shares of the credit services provider’s stock valued at $6,287,624,000 after buying an additional 1,393,628 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Paypal by 7,419.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock valued at $231,000 after buying an additional 19,154,611 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Paypal by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 14,422,120 shares of the credit services provider’s stock valued at $1,210,539,000 after buying an additional 851,398 shares in the last quarter. 81.34% of the stock is owned by institutional investors and hedge funds.

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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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