Paypal Holdings Inc (NASDAQ:PYPL) EVP Jonathan Auerbach Sells 2,024 Shares

Paypal Holdings Inc (NASDAQ:PYPL) EVP Jonathan Auerbach sold 2,024 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $106.07, for a total transaction of $214,685.68. Following the transaction, the executive vice president now owns 118,844 shares of the company’s stock, valued at approximately $12,605,783.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:PYPL traded down $0.30 on Tuesday, reaching $107.37. The company’s stock had a trading volume of 4,358,118 shares, compared to its average volume of 6,880,057. The stock’s 50-day moving average is $113.14 and its two-hundred day moving average is $107.29. Paypal Holdings Inc has a 52-week low of $74.66 and a 52-week high of $121.48. The stock has a market capitalization of $124.92 billion, a P/E ratio of 59.98, a PEG ratio of 2.45 and a beta of 0.97.

Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the prior year, the company earned $0.58 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts forecast that Paypal Holdings Inc will post 2.41 earnings per share for the current year.

Several large investors have recently made changes to their positions in PYPL. Nuveen Asset Management LLC raised its holdings in shares of Paypal by 6,747.4% in the second quarter. Nuveen Asset Management LLC now owns 18,861,956 shares of the credit services provider’s stock valued at $2,158,939,000 after buying an additional 18,586,493 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Paypal by 37.9% in the second quarter. Invesco Ltd. now owns 20,557,665 shares of the credit services provider’s stock valued at $2,353,030,000 after buying an additional 5,654,831 shares during the last quarter. FMR LLC raised its holdings in shares of Paypal by 3.8% in the first quarter. FMR LLC now owns 82,843,184 shares of the credit services provider’s stock valued at $8,602,436,000 after buying an additional 3,002,568 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Paypal by 1.5% in the second quarter. Vanguard Group Inc. now owns 89,109,876 shares of the credit services provider’s stock valued at $10,199,516,000 after buying an additional 1,274,702 shares during the last quarter. Finally, Thoroughbred Financial Services LLC raised its holdings in shares of Paypal by 11,307.3% in the second quarter. Thoroughbred Financial Services LLC now owns 1,213,390 shares of the credit services provider’s stock valued at $121,339,000 after buying an additional 1,202,753 shares during the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Paypal to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Jefferies Financial Group boosted their target price on shares of Paypal from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Robert W. Baird boosted their target price on shares of Paypal from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Canaccord Genuity boosted their target price on shares of Paypal from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, KeyCorp boosted their price target on shares of Paypal from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $120.81.

Paypal Company Profile

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.

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