Traders Sell Shares of Paypal Holdings Inc. (PYPL) on Strength (PYPL)
Traders sold shares of Paypal Holdings Inc. (NASDAQ:PYPL) on strength during trading hours on Thursday. $68.96 million flowed into the stock on the tick-up and $81.18 million flowed out of the stock on the tick-down, for a money net flow of $12.22 million out of the stock. Of all stocks tracked, Paypal Holdings had the 0th highest net out-flow for the day. Paypal Holdings traded up $0.08 for the day and closed at $40.13
Several brokerages have recently commented on PYPL. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a research note on Thursday, April 28th. Piper Jaffray Cos. reissued an “underweight” rating and set a $33.00 price target on shares of Paypal Holdings in a report on Thursday, March 31st. Jefferies Group reissued a “buy” rating and set a $48.00 price target on shares of Paypal Holdings in a report on Thursday, June 2nd. Vetr cut Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $43.27 price target for the company. in a report on Thursday, May 5th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $44.00 price target on shares of Paypal Holdings in a report on Thursday, April 7th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-six have issued a buy rating to the stock. Paypal Holdings presently has an average rating of “Hold” and a consensus price target of $43.34.
The company has a market capitalization of $44.57 billion and a PE ratio of 34.33. The company has a 50 day moving average of $37.30 and a 200 day moving average of $37.33.
Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The company earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the firm posted $0.32 EPS. On average, analysts predict that Paypal Holdings Inc. will post $1.49 EPS for the current year.
Several hedge funds and institutional investors recently added to or reduced their stakes in PYPL. New Mexico Educational Retirement Board bought a new position in Paypal Holdings during the fourth quarter valued at approximately $4,357,000. Boston Partners acquired a new stake in Paypal Holdings during the fourth quarter valued at about $121,623,000. Robeco Institutional Asset Management B.V. acquired a new stake in Paypal Holdings during the fourth quarter valued at about $34,932,000. Brown Advisory Inc. acquired a new stake in Paypal Holdings during the fourth quarter valued at about $75,694,000. Finally, Markston International LLC acquired a new stake in Paypal Holdings during the fourth quarter valued at about $13,293,000.
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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