Investors purchased shares of PayPal Holdings, Inc. (NASDAQ:PYPL) on weakness during trading hours on Friday. $53.55 million flowed into the stock on the tick-up and $25.77 million flowed out of the stock on the tick-down, for a money net flow of $27.78 million into the stock. Of all equities tracked, PayPal Holdings had the 16th highest net in-flow for the day. PayPal Holdings traded down ($0.22) for the day and closed at $61.46

Several brokerages have commented on PYPL. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $67.00 price target on shares of PayPal Holdings in a research report on Tuesday, August 29th. Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 price target on shares of PayPal Holdings in a research report on Tuesday, August 29th. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target for the company in a research report on Thursday, August 10th. Zacks Investment Research cut shares of PayPal Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $70.00 price target on shares of PayPal Holdings in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $59.80.

The firm has a market cap of $73.90 billion, a P/E ratio of 49.56 and a beta of 0.97. The stock’s 50 day moving average is $59.40 and its 200 day moving average is $50.59.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the firm posted $0.36 EPS. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts expect that PayPal Holdings, Inc. will post $1.83 EPS for the current fiscal year.

In other news, Director Gail J. Mcgovern sold 1,800 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.97, for a total transaction of $97,146.00. Following the completion of the transaction, the director now owns 12,647 shares in the company, valued at approximately $682,558.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $54.03, for a total transaction of $72,994.53. Following the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,502 shares of company stock valued at $15,472,950. Insiders own 6.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of PYPL. Welch & Forbes LLC raised its position in PayPal Holdings by 4.1% in the first quarter. Welch & Forbes LLC now owns 13,005 shares of the credit services provider’s stock valued at $560,000 after buying an additional 512 shares during the period. Wesbanco Bank Inc. raised its position in PayPal Holdings by 173.4% in the first quarter. Wesbanco Bank Inc. now owns 236,702 shares of the credit services provider’s stock valued at $10,183,000 after buying an additional 150,118 shares during the period. Hennessy Advisors Inc. raised its position in PayPal Holdings by 9.4% in the first quarter. Hennessy Advisors Inc. now owns 36,000 shares of the credit services provider’s stock valued at $1,549,000 after buying an additional 3,108 shares during the period. Whittier Trust Co. raised its position in PayPal Holdings by 9.8% in the first quarter. Whittier Trust Co. now owns 12,210 shares of the credit services provider’s stock valued at $525,000 after buying an additional 1,085 shares during the period. Finally, Greenwich Wealth Management LLC raised its position in PayPal Holdings by 1.8% in the first quarter. Greenwich Wealth Management LLC now owns 64,910 shares of the credit services provider’s stock valued at $2,792,000 after buying an additional 1,172 shares during the period. Institutional investors own 82.55% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/09/03/traders-buy-paypal-holdings-inc-pypl-on-weakness-5.html.

PayPal Holdings Company Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.