William J. Ready Sells 27,458 Shares of Paypal Holdings Inc (PYPL) Stock
Paypal Holdings Inc (NASDAQ:PYPL) COO William J. Ready sold 27,458 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $85.89, for a total transaction of $2,358,367.62. Following the completion of the transaction, the chief operating officer now owns 85,485 shares in the company, valued at $7,342,306.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ:PYPL traded down $2.37 during trading on Tuesday, reaching $77.76. The stock had a trading volume of 14,198,371 shares, compared to its average volume of 8,882,135. Paypal Holdings Inc has a one year low of $68.61 and a one year high of $93.70. The stock has a market capitalization of $100.23 billion, a P/E ratio of 55.94, a P/E/G ratio of 2.60 and a beta of 1.23.
Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same period last year, the business earned $0.46 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. Equities analysts expect that Paypal Holdings Inc will post 1.79 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in PYPL. Assenagon Asset Management S.A. raised its position in shares of Paypal by 30.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 24,168 shares of the credit services provider’s stock valued at $2,012,000 after purchasing an additional 5,591 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Paypal by 8,427.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 516,177 shares of the credit services provider’s stock valued at $6,153,000 after purchasing an additional 510,124 shares during the last quarter. Hennessy Advisors Inc. raised its position in shares of Paypal by 4.7% in the 2nd quarter. Hennessy Advisors Inc. now owns 33,500 shares of the credit services provider’s stock valued at $2,790,000 after purchasing an additional 1,500 shares during the last quarter. TIAA FSB raised its position in shares of Paypal by 19.4% in the 2nd quarter. TIAA FSB now owns 14,504 shares of the credit services provider’s stock valued at $1,208,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Sumitomo Life Insurance Co. raised its position in shares of Paypal by 4.1% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 37,809 shares of the credit services provider’s stock valued at $3,148,000 after purchasing an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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