Traders Sell Paypal (PYPL) on Strength (PYPL)

Traders sold shares of Paypal Holdings Inc (NASDAQ:PYPL) on strength during trading hours on Tuesday. $136.30 million flowed into the stock on the tick-up and $200.04 million flowed out of the stock on the tick-down, for a money net flow of $63.74 million out of the stock. Of all stocks tracked, Paypal had the 17th highest net out-flow for the day. Paypal traded up $0.14 for the day and closed at $79.19

Several analysts recently issued reports on the company. Mizuho reissued a “hold” rating and issued a $75.00 price target on shares of Paypal in a report on Thursday, January 4th. Susquehanna Bancshares reissued a “positive” rating and issued a $75.00 price target (up previously from $67.00) on shares of Paypal in a report on Friday, September 29th. Vetr downgraded Paypal from a “strong-buy” rating to a “buy” rating and set a $81.80 price target on the stock. in a report on Tuesday, January 2nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $66.00 price target on shares of Paypal in a report on Wednesday, September 27th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $65.00 target price on shares of Paypal in a research note on Friday, September 29th. Ten equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $75.47.

The firm has a market capitalization of $95,180.00 and a P/E ratio of 61.87.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. sell-side analysts predict that Paypal Holdings Inc will post 1.37 earnings per share for the current fiscal year.

In related news, Director Rodney C. Adkins bought 6,750 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the acquisition, the director now directly owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of PYPL. GAM Holding AG grew its holdings in shares of Paypal by 14.3% in the 2nd quarter. GAM Holding AG now owns 225,782 shares of the credit services provider’s stock worth $12,118,000 after acquiring an additional 28,265 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Paypal by 22.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,036,159 shares of the credit services provider’s stock valued at $216,621,000 after buying an additional 727,759 shares in the last quarter. First National Trust Co. grew its holdings in shares of Paypal by 8.8% during the second quarter. First National Trust Co. now owns 21,599 shares of the credit services provider’s stock valued at $1,160,000 after buying an additional 1,746 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Paypal by 41.0% during the second quarter. Victory Capital Management Inc. now owns 588,393 shares of the credit services provider’s stock valued at $31,579,000 after buying an additional 171,121 shares in the last quarter. Finally, Aviva PLC grew its holdings in shares of Paypal by 4.8% during the second quarter. Aviva PLC now owns 935,079 shares of the credit services provider’s stock valued at $50,195,000 after buying an additional 42,886 shares in the last quarter. Institutional investors and hedge funds own 80.73% of the company’s stock.

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About Paypal

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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