Paypal Holdings Inc (PYPL) Director John J. Donahoe Sells 139,290 Shares

Paypal Holdings Inc (NASDAQ:PYPL) Director John J. Donahoe sold 139,290 shares of Paypal 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 transaction, the director now owns 125,136 shares of the company’s stock, valued at approximately $10,324,971.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ PYPL traded down $0.25 during mid-day trading on Tuesday, reaching $80.90. The company’s stock had a trading volume of 13,169,400 shares, compared to its average volume of 8,946,565. The firm has a market cap of $98.24 billion, a price-to-earnings ratio of 58.20, a price-to-earnings-growth ratio of 2.62 and a beta of 1.31. Paypal Holdings Inc has a 52 week low of $68.61 and a 52 week high of $93.70.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 18th. The credit services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, sell-side analysts forecast that Paypal Holdings Inc will post 1.79 earnings per share for the current fiscal year.

PYPL has been the subject of several recent analyst reports. Berenberg Bank initiated coverage on Paypal in a research note on Thursday, August 30th. They issued a “buy” rating and a $104.00 price target for the company. BidaskClub upgraded Paypal from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 31st. Zacks Investment Research lowered Paypal from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Raymond James raised Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a report on Friday, September 14th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Paypal in a report on Wednesday, July 25th. Seven equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $93.93.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. Fundsmith Equity Fund L.P. purchased a new stake in shares of Paypal in the second quarter worth about $1,266,514,000. Third Point LLC purchased a new stake in shares of Paypal in the second quarter worth about $832,700,000. Fred Alger Management Inc. lifted its position in shares of Paypal by 2,482.2% in the second quarter. Fred Alger Management Inc. now owns 2,401,884 shares of the credit services provider’s stock worth $200,005,000 after buying an additional 2,308,867 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Paypal by 19.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,873,686 shares of the credit services provider’s stock worth $655,643,000 after buying an additional 1,269,133 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Paypal by 15.0% in the second quarter. American Century Companies Inc. now owns 9,428,321 shares of the credit services provider’s stock worth $785,096,000 after buying an additional 1,227,210 shares in the last quarter. 79.55% of the stock is owned by hedge funds and other institutional investors.

Paypal Company Profile

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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Insider Buying and Selling by Quarter for Paypal (NASDAQ:PYPL)

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