Investors Sell Shares of Paypal (PYPL) on Strength (PYPL)

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Investors sold shares of Paypal Holdings Inc (NASDAQ:PYPL) on strength during trading hours on Thursday. $108.31 million flowed into the stock on the tick-up and $161.67 million flowed out of the stock on the tick-down, for a money net flow of $53.36 million out of the stock. Of all equities tracked, Paypal had the 0th highest net out-flow for the day. Paypal traded up $0.81 for the day and closed at $89.04

PYPL has been the subject of a number of recent research reports. Berenberg Bank initiated coverage on shares of Paypal in a research note on Thursday, August 30th. They issued a “buy” rating and a $104.00 price objective for the company. Nomura dropped their price objective on shares of Paypal from $120.00 to $103.00 and set a “buy” rating for the company in a research note 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 objective for the company in a research note on Tuesday, September 25th. BTIG Research raised shares of Paypal from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $81.00 to $95.00 in a research note on Friday, October 19th. Finally, BMO Capital Markets lifted their price objective on shares of Paypal from $112.00 to $119.00 and gave the stock an “outperform” rating in a research note on Friday, October 19th. Seven research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $93.93.

The firm has a market cap of $103.97 billion, a price-to-earnings ratio of 51.60, a PEG ratio of 2.77 and a beta of 1.23.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 18th. The credit services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the business posted $0.46 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, research analysts anticipate that Paypal Holdings Inc will post 1.79 earnings per share for the current year.

In other news, insider Gary J. Marino sold 1,009 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $85.90, for a total value of $86,673.10. Following the completion of the sale, the insider now owns 41,309 shares in the company, valued at approximately $3,548,443.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel H. Schulman sold 26,000 shares of the business’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $89.57, for a total transaction of $2,328,820.00. Following the completion of the sale, the insider now owns 331,506 shares of the company’s stock, valued at approximately $29,692,992.42. The disclosure for this sale can be found here. Insiders have sold a total of 379,755 shares of company stock valued at $32,034,580 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of PYPL. Xact Kapitalforvaltning AB raised its holdings in shares of Paypal by 1.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 211,522 shares of the credit services provider’s stock valued at $17,613,000 after purchasing an additional 3,821 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Paypal by 7.1% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 17,515 shares of the credit services provider’s stock valued at $1,458,000 after purchasing an additional 1,164 shares in the last quarter. Daiwa SB Investments Ltd. bought a new stake in shares of Paypal in the 2nd quarter valued at about $411,000. Webster Bank N. A. raised its holdings in shares of Paypal by 1,002.4% in the 2nd quarter. Webster Bank N. A. now owns 4,189 shares of the credit services provider’s stock valued at $349,000 after purchasing an additional 3,809 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new stake in shares of Paypal in the 2nd quarter valued at about $583,000. Institutional investors and hedge funds own 79.81% of the company’s stock.

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About Paypal (NASDAQ:PYPL)

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.

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