News coverage about Paypal (NASDAQ:PYPL) has been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Paypal earned a news impact score of 1.11 on their scale. InfoTrie also assigned news articles about the credit services provider an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Paypal’s score:
- PayPal Can Get Bigger by Adding Merchants, Analyst Says – Barron’s (barrons.com)
- Here’s How PayPal Can Keep Getting Bigger (finance.yahoo.com)
- PayPal Delayed transactions now completed – Tamebay (tamebay.com)
- Mobile Payments Leader PayPal Poised to Show New Platform at Money 2020 Show – Payment Week (paymentweek.com)
- PayPal’s New Platform Helps SMBs Navigate Local Regulations Worldwide – Sourcing Journal (sourcingjournal.com)
Shares of NASDAQ:PYPL opened at $111.78 on Friday. The company has a market capitalization of $130.15 billion, a P/E ratio of 62.45, a P/E/G ratio of 2.71 and a beta of 1.02. Paypal has a one year low of $74.66 and a one year high of $114.66.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.11. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. On average, equities analysts expect that Paypal will post 2.24 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Co upped their target price on shares of Paypal from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Royal Bank of Canada upped their target price on shares of Paypal to $120.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Morgan Stanley upped their target price on shares of Paypal from $113.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. BidaskClub cut shares of Paypal from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, BTIG Research upped their target price on shares of Paypal from $114.00 to $130.00 and gave the company a “buy” rating in a report on Monday, May 6th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $107.68.
In other news, CFO John D. Rainey sold 13,925 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $108.73, for a total transaction of $1,514,065.25. Following the completion of the transaction, the chief financial officer now owns 121,770 shares of the company’s stock, valued at $13,240,052.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO William J. Ready sold 46,038 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $108.77, for a total transaction of $5,007,553.26. Following the transaction, the chief operating officer now directly owns 88,098 shares of the company’s stock, valued at approximately $9,582,419.46. The disclosure for this sale can be found here. In the last three months, insiders sold 150,714 shares of company stock valued at $16,578,648. 0.15% of the stock is owned by insiders.
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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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