Paypal Holdings Inc (NASDAQ:PYPL) Director John J. Donahoe sold 80,009 shares of the business’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $83.68, for a total transaction of $6,695,153.12. Following the completion of the transaction, the director now directly owns 125,136 shares in the company, valued at $10,471,380.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of PYPL opened at $80.90 on Wednesday. Paypal Holdings Inc has a twelve month low of $68.61 and a twelve month high of $93.70. The stock has a market cap of $98.24 billion, a PE ratio of 58.20, a P/E/G ratio of 2.62 and a beta of 1.31.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts predict that Paypal Holdings Inc will post 1.79 EPS for the current year.
PYPL has been the topic of a number of research analyst reports. Berenberg Bank initiated coverage on shares of Paypal in a report on Thursday, August 30th. They issued a “buy” rating and a $104.00 price target on the stock. Nomura cut their price target on shares of Paypal from $120.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, October 11th. Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Tuesday, September 25th. BTIG Research raised shares of Paypal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $81.00 to $95.00 in a report on Friday, October 19th. Finally, BMO Capital Markets boosted their price target on shares of Paypal from $112.00 to $119.00 and gave the stock an “outperform” rating in a report on Friday, October 19th. Seven research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average 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.
Featured Story: Conference Calls and Individual Investors
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.