Wednesday, 22 November, 2017

PayPal Holdings, Inc. (PYPL) Issues Earnings Results

PayPal quarterly profit beats on higher mobile transaction volume PayPal Reports Robust Revenue and Earnings for Q3 2017
Lori Graves | 21 October, 2017, 00:58

PayPal reported third-quarter adjusted earnings of 46 cents per share on revenue of $3.24 billion. The fund owned 237,515 shares of the credit services provider's stock after selling 14,599 shares during the period.

While PayPal may be the granddaddy of online payment services, the company showed it can still keep up with all the hot new startups last quarter. Following the sale, the chief operating officer now owns 29,252 shares of the company's stock, valued at approximately $1,733,181.

Previously on 10/18/2017, KeyBanc reported about PayPal (NASDAQ:PYPL) raised the target price from $70.00 to $75.00.

The company's P/E ratio is 56.6854 and market capitalization is 84.52B.

Shifting focus on performance of the PayPal Holdings, Inc. The legal version of this piece can be viewed at https://baseballnewssource.com/markets/paypal-holdings-inc-pypl-given-a-61-00-price-target-by-stifel-nicolaus-analysts/1719804.html.

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Since the beginning of the calendar year, the stock is -0.22%. BlackRock Inc. raised its stake in PayPal Holdings by 4.7% during the second quarter. The service handled transactions worth $9 billion in the third quarter, nearly double from the period a year earlier, the San Jose, California-based company said Thursday in a statement. Share performance for the month is now at 3.88%. Citigroup Inc. reiterated a buy rating and issued a $67.00 target price (up from $62.00) on shares of PayPal Holdings in a research note on Thursday, July 27th.

Covering sell-side analysts have recently weighed in on shares of PayPal Holdings, Inc. Piper Jaffray upgraded Paypal Holdings Inc (NASDAQ:PYPL) rating on Friday, April 28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The disposition, at a price of $68.66, resulted in William Ready bringing total 72906 shares. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Looking further out we can see that the stock has moved -45.47% over the year to date. At the time of writing, the First Call consensus price target for the company is $64.05. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Following the completion of the sale, the executive vice president now directly owns 37,492 shares in the company, valued at approximately $2,212,028. For the quarter, shares have been noted at -4.45%. The disclosure for this sale can be found here. Also, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction that occurred on Thursday, August 10th.

Paypal Holdings Inc shares rose almost 4% in after-hours trading Thursday following the report. The Company's Mainframe Solutions and Enterprise Solutions divisions comprise the Company's software business organized by the nature of its software offerings and the platform on which the products operate.

The digital payments platform company managed to upscale last quarter on the growing user base and simultaneous active members also growing, the company's past months were nothing short of incredible.

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