Investors Buy Paypal (PYPL) on Weakness
Investors purchased shares of Paypal Holdings Inc (NASDAQ:PYPL) on weakness during trading on Monday. $450.56 million flowed into the stock on the tick-up and $391.16 million flowed out of the stock on the tick-down, for a money net flow of $59.40 million into the stock. Of all stocks tracked, Paypal had the 23rd highest net in-flow for the day. Paypal traded down ($4.33) for the day and closed at $70.97
Several equities research analysts recently weighed in on PYPL shares. Vetr raised Paypal from a “hold” rating to a “buy” rating and set a $60.76 price target for the company in a report on Thursday, August 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $65.00 price target on shares of Paypal in a report on Tuesday, August 29th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $67.00 price target on shares of Paypal in a report on Tuesday, August 29th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Paypal in a report on Tuesday, September 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $66.00 target price (up previously from $61.00) on shares of Paypal in a report on Tuesday, September 5th. Ten research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and a consensus price target of $73.24.
The stock has a market cap of $85,299.55, a price-to-earnings ratio of 50.69, a P/E/G ratio of 2.91 and a beta of 1.03.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. research analysts predict that Paypal Holdings Inc will post 1.37 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Apriem Advisors lifted its stake in shares of Paypal by 0.6% in the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of Paypal by 0.4% in the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after purchasing an additional 60 shares in the last quarter. Sigma Planning Corp lifted its stake in shares of Paypal by 0.4% in the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares in the last quarter. Train Babcock Advisors LLC lifted its stake in shares of Paypal by 1.6% in the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 86 shares in the last quarter. Finally, Calamos Wealth Management LLC lifted its stake in shares of Paypal by 0.3% in the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock valued at $2,086,000 after purchasing an additional 98 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.
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Paypal Company Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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