Paypal Holdings Inc (NASDAQ:PYPL) EVP Adele Louise Pentland sold 8,149 shares of Paypal stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $84.68, for a total transaction of $690,057.32. Following the sale, the executive vice president now directly owns 61,056 shares of the company’s stock, valued at approximately $5,170,222.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of PYPL stock opened at $84.19 on Thursday. The company has a market cap of $95.33 billion, a P/E ratio of 60.57, a price-to-earnings-growth ratio of 2.54 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 results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period in the previous year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, equities analysts predict that Paypal Holdings Inc will post 1.79 EPS for the current year.
PYPL has been the subject of several research analyst reports. Credit Suisse Group lifted their price target on shares of Paypal from $93.00 to $100.00 and gave the company a “$87.38” rating in a research note on Thursday, July 19th. Morgan Stanley lifted their price target on shares of Paypal from $89.00 to $96.00 and gave the company a “$87.38” rating in a research note on Thursday, July 19th. SunTrust Banks lifted their price target on shares of Paypal to $92.00 and gave the company a “$88.22” rating in a research note on Wednesday, July 18th. Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, July 24th. Finally, Citigroup lifted their price target on shares of Paypal from $90.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Seven analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Paypal presently has a consensus rating of “Buy” and a consensus price target of $93.93.
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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