Investors Buy PayPal Holdings, Inc. (PYPL) on Weakness
Investors bought shares of PayPal Holdings, Inc. (NASDAQ:PYPL) on weakness during trading on Monday. $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 companies 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
PYPL has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Wednesday, July 19th. Vetr lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating and set a $51.23 price objective on the stock. in a research report on Wednesday, May 10th. BidaskClub upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Stifel Nicolaus lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating and lowered their price objective for the company from $51.05 to $51.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. Finally, Craig Hallum set a $65.00 target price on PayPal Holdings and gave the company a “buy” rating in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $59.92.
The stock has a 50 day moving average price of $59.57 and a 200 day moving average price of $50.92. The stock has a market capitalization of $73.67 billion, a price-to-earnings ratio of 49.41 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the business earned $0.36 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities analysts expect that PayPal Holdings, Inc. will post $1.83 earnings per share for the current fiscal year.
In other news, COO William J. Ready sold 90,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the transaction, the chief operating officer now owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the transaction, the director now directly owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 264,502 shares of company stock worth $15,472,950. 6.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of PYPL. Thompson Davis & CO. Inc. increased its holdings in shares of PayPal Holdings by 36.7% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 649 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in shares of PayPal Holdings during the 1st quarter valued at about $119,000. Clean Yield Group acquired a new position in shares of PayPal Holdings during the 1st quarter valued at about $127,000. Archford Capital Strategies LLC increased its holdings in shares of PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 1,281 shares during the last quarter. Finally, First Personal Financial Services increased its holdings in shares of PayPal Holdings by 73.4% during the 1st quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 1,479 shares during the last quarter. 82.55% of the stock is currently owned by institutional investors and hedge funds.
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About PayPal Holdings
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.
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