Traders Buy Paypal Holdings Inc. (PYPL) on Weakness
Investors purchased shares of Paypal Holdings Inc. (NASDAQ:PYPL) on weakness during trading on Friday. $264.49 million flowed into the stock on the tick-up and $227.80 million flowed out of the stock on the tick-down, for a money net flow of $36.69 million into the stock. Of all companies tracked, Paypal Holdings had the 7th highest net in-flow for the day. Paypal Holdings traded down ($2.71) for the day and closed at $37.42
A number of equities research analysts recently commented on PYPL shares. Credit Suisse Group AG raised their price objective on shares of Paypal Holdings from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Group reiterated a “buy” rating and issued a $48.00 price target (up from $44.00) on shares of Paypal Holdings in a research note on Thursday, April 21st. Royal Bank Of Canada reiterated a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Credit Agricole SA reiterated an “underperform” rating and issued a $38.00 price target on shares of Paypal Holdings in a research note on Wednesday, June 29th. Finally, Vetr lowered shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $40.53 price target on the stock. in a research note on Monday, July 11th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $43.34.
The company’s 50 day moving average price is $37.30 and its 200-day moving average price is $37.33. The stock has a market cap of $44.57 billion and a P/E ratio of 34.33.
Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The firm earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the business posted $0.32 earnings per share. On average, equities research analysts anticipate that Paypal Holdings Inc. will post $1.49 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund purchased a new position in Paypal Holdings during the fourth quarter worth approximately $134,672,000. Teacher Retirement System of Texas bought a new stake in shares of Paypal Holdings during the fourth quarter valued at about $22,338,000. Bradley Foster & Sargent Inc. CT bought a new stake in shares of Paypal Holdings during the fourth quarter valued at about $1,294,000. Calamos Advisors LLC bought a new stake in shares of Paypal Holdings during the fourth quarter valued at about $3,953,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of Paypal Holdings during the fourth quarter valued at about $830,774,000.
PayPal Holdings, Inc (PayPal) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables.
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