Paypal Holdings Inc (NASDAQ:PYPL) CFO John D. Rainey sold 50,977 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $77.68, for a total transaction of $3,959,893.36. Following the completion of the sale, the chief financial officer now owns 114,020 shares of the company’s stock, valued at approximately $8,857,073.60. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Paypal Holdings Inc (NASDAQ PYPL) opened at $72.32 on Friday. Paypal Holdings Inc has a one year low of $40.30 and a one year high of $86.32. The firm has a market cap of $86,920.00 and a P/E ratio of 49.20.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis. equities analysts predict that Paypal Holdings Inc will post 1.75 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the stock. Wells Fargo & Co lifted their price target on shares of Paypal from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Craig Hallum set a $93.00 price target on shares of Paypal and gave the stock a “buy” rating in a research report on Monday, November 20th. Jefferies Group lifted their price target on shares of Paypal from $86.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Stifel Nicolaus lifted their price target on shares of Paypal from $77.00 to $79.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Finally, Vetr upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $86.65 price target for the company in a research report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $77.04.
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Paypal Company Profile
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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