Paypal (PYPL) Sets New 1-Year High at $114.66

Shares of Paypal Holdings Inc (NASDAQ:PYPL) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $114.66 and last traded at $113.59, with a volume of 353685 shares changing hands. The stock had previously closed at $111.50.

A number of research firms have recently issued reports on PYPL. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $116.00 price objective on the stock in a report on Tuesday, April 2nd. Morgan Stanley lifted their price objective on shares of Paypal from $103.00 to $113.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Nomura lifted their price objective on shares of Paypal from $110.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Canaccord Genuity lifted their price objective on shares of Paypal from $88.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Finally, SunTrust Banks boosted their target price on shares of Paypal to $115.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Paypal presently has a consensus rating of “Buy” and an average price target of $107.68.

The firm has a market cap of $133.79 billion, a P/E ratio of 57.80, a price-to-earnings-growth ratio of 2.84 and a beta of 1.05.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.11. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts forecast that Paypal Holdings Inc will post 2.24 earnings per share for the current fiscal year.

In other news, EVP Aaron Karczmer sold 3,677 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $94.44, for a total value of $347,255.88. Following the completion of the sale, the executive vice president now owns 11,399 shares of the company’s stock, valued at $1,076,521.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $96.09, for a total transaction of $2,882,700.00. Following the completion of the sale, the insider now directly owns 532,140 shares of the company’s stock, valued at approximately $51,133,332.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 333,251 shares of company stock worth $34,252,211. Corporate insiders own 0.15% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc boosted its position in shares of Paypal by 3.7% in the third quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock valued at $7,596,801,000 after acquiring an additional 3,056,620 shares during the period. FMR LLC lifted its position in Paypal by 3.8% during the first quarter. FMR LLC now owns 82,843,184 shares of the credit services provider’s stock worth $8,602,436,000 after purchasing an additional 3,002,568 shares during the period. BlackRock Inc. lifted its position in Paypal by 1.9% during the fourth quarter. BlackRock Inc. now owns 74,772,548 shares of the credit services provider’s stock worth $6,287,624,000 after purchasing an additional 1,393,628 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Paypal by 7,419.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock worth $231,000 after purchasing an additional 19,154,611 shares during the period. Finally, Fundsmith LLP lifted its position in Paypal by 0.9% during the first quarter. Fundsmith LLP now owns 15,338,423 shares of the credit services provider’s stock worth $1,592,742,000 after purchasing an additional 136,213 shares during the period. 81.68% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Paypal (PYPL) Sets New 1-Year High at $114.66” was first posted by WKRB News and is owned by of WKRB News. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.wkrb13.com/2019/05/18/paypal-pypl-sets-new-1-year-high-at-114-66.html.

Paypal Company Profile (NASDAQ:PYPL)

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Recommended Story: Economic Reports

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.