Paypal Holdings Inc (NASDAQ:PYPL) insider Gary J. Marino sold 61,332 shares of the firm’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $83.84, for a total value of $5,142,074.88. Following the completion of the sale, the insider now directly owns 87,512 shares in the company, valued at approximately $7,337,006.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
PYPL traded down $0.25 on Tuesday, hitting $80.90. 13,169,400 shares of the company were exchanged, compared to its average volume of 8,946,565. Paypal Holdings Inc has a 12 month low of $68.61 and a 12 month high of $93.70. The firm has a market cap of $98.24 billion, a price-to-earnings ratio of 58.20, a PEG ratio of 2.62 and a beta of 1.31.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the company earned $0.46 EPS. Paypal’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts anticipate that Paypal Holdings Inc will post 1.79 EPS for the current fiscal year.
PYPL has been the topic of several recent analyst reports. Credit Suisse Group raised their price target on Paypal from $93.00 to $100.00 and gave the company a “$87.38” rating in a report on Thursday, July 19th. Morgan Stanley raised their price target on Paypal from $89.00 to $96.00 and gave the company a “$87.38” rating in a report on Thursday, July 19th. SunTrust Banks raised their price target on Paypal to $92.00 and gave the company a “$88.22” rating in a report on Wednesday, July 18th. Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Tuesday, July 24th. Finally, Citigroup raised their price target on Paypal from $90.00 to $101.00 and gave the company a “buy” rating in a report on Friday, July 20th. Seven research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $93.93.
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.
Read More: Risk Tolerance
Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.