Gary J. Marino Sells 1,726 Shares of Paypal Holdings Inc. (PYPL) Stock
Paypal Holdings Inc. (NASDAQ:PYPL) EVP Gary J. Marino sold 1,726 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the completion of the sale, the executive vice president now directly owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Paypal Holdings Inc. (NASDAQ:PYPL) opened at 40.18 on Friday. The firm has a market cap of $47.49 billion, a P/E ratio of 36.53 and a beta of 1.10. The company’s 50 day moving average price is $39.13 and its 200-day moving average price is $38.47. Paypal Holdings Inc. has a 12-month low of $30.52 and a 12-month high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the business earned $0.32 EPS. On average, equities research analysts anticipate that Paypal Holdings Inc. will post $1.50 EPS for the current year.
A number of large investors have recently modified their holdings of the company. Motley Fool Wealth Management LLC increased its stake in shares of Paypal Holdings by 3.6% in the first quarter. Motley Fool Wealth Management LLC now owns 199,224 shares of the company’s stock valued at $7,690,000 after buying an additional 6,930 shares during the period. Nikko Asset Management Americas Inc. acquired a new position in Paypal Holdings during the first quarter worth approximately $324,000. Columbia Partners L L C Investment Management increased its position in Paypal Holdings by 0.8% in the first quarter. Columbia Partners L L C Investment Management now owns 42,294 shares of the company’s stock worth $1,632,000 after buying an additional 322 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Paypal Holdings by 0.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 60,838 shares of the company’s stock worth $2,348,000 after buying an additional 442 shares during the last quarter. Finally, Peapack Gladstone Financial Corp increased its position in Paypal Holdings by 2.3% in the first quarter. Peapack Gladstone Financial Corp now owns 257,119 shares of the company’s stock worth $9,925,000 after buying an additional 5,818 shares during the last quarter. Institutional investors own 78.77% of the company’s stock.
A number of brokerages have issued reports on PYPL. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal Holdings in a report on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Paypal Holdings in a report on Sunday, July 17th. Credit Agricole SA reaffirmed an “underperform” rating and set a $38.00 price objective on shares of Paypal Holdings in a report on Wednesday, June 29th. Wells Fargo & Co. lowered shares of Paypal Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, July 22nd. Finally, Oppenheimer Holdings Inc. began coverage on shares of Paypal Holdings in a report on Thursday, June 16th. They set an “outperform” rating and a $42.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $43.95.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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