Traders Buy Paypal (PYPL) on Weakness
Traders bought shares of Paypal Holdings Inc (NASDAQ:PYPL) on weakness during trading on Friday. $262.80 million flowed into the stock on the tick-up and $196.64 million flowed out of the stock on the tick-down, for a money net flow of $66.16 million into the stock. Of all equities tracked, Paypal had the 12th highest net in-flow for the day. Paypal traded down ($0.43) for the day and closed at $75.30
Several equities analysts recently issued reports on PYPL shares. Barclays upped their price objective on Paypal from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Zacks Investment Research cut Paypal from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Argus upped their price objective on Paypal from $80.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Paypal in a research report on Tuesday, September 5th. Finally, Vetr raised Paypal from a “hold” rating to a “buy” rating and set a $73.32 price objective on the stock in a research report on Tuesday, October 24th. Ten research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $73.12.
The firm has a market cap of $90,500.00 and a P/E ratio of 55.56.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. Paypal’s revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. research analysts predict that Paypal Holdings Inc will post 1.37 EPS for the current year.
Several large investors have recently bought and sold shares of PYPL. FMR LLC increased its stake in shares of Paypal by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after purchasing an additional 21,814,940 shares in the last quarter. Jennison Associates LLC purchased a new stake in Paypal in the 3rd quarter worth $481,937,000. Harding Loevner LP increased its stake in Paypal by 86.1% in the 3rd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after buying an additional 5,253,746 shares in the last quarter. Capital World Investors increased its stake in Paypal by 313.5% in the 2nd quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock worth $330,127,000 after buying an additional 4,663,337 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Paypal by 1,064.7% in the 2nd quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock worth $260,921,000 after buying an additional 4,444,097 shares in the last quarter. Hedge funds and other institutional investors own 81.25% of the company’s stock.
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Paypal 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.
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