Media stories about Paypal (NASDAQ:PYPL) have been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources. 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 media sentiment score of 1.75 on their scale. InfoTrie also assigned news stories about the credit services provider an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Paypal’s ranking:
- Zuckerbuck vs PayPal vs China – FT Alphaville (ftalphaville.ft.com)
- PayPal could make a big move in the Fintech sector – Born2Invest (born2invest.com)
- The Street Still Loves PayPal – Benzinga (benzinga.com)
- BMO Capital Markets Raises Paypal (NASDAQ:PYPL) Price Target to $147.00 (americanbankingnews.com)
- Pay It Forward With PayPal (realmoney.thestreet.com)
PYPL has been the topic of several analyst reports. Bank of America reissued a “buy” rating and issued a $127.00 price target (down previously from $131.00) on shares of Paypal in a report on Friday, September 13th. Deutsche Bank boosted their price target on shares of Paypal from $120.00 to $127.00 and gave the company a “positive” rating in a report on Tuesday, July 16th. Wedbush set a $140.00 price target on shares of Paypal and gave the company a “buy” rating in a report on Friday, August 16th. BTIG Research set a $130.00 price target on shares of Paypal and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Co boosted their price target on shares of Paypal from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Paypal has an average rating of “Buy” and a consensus target price of $122.75.
PYPL opened at $107.19 on Friday. The firm has a market cap of $123.45 billion, a price-to-earnings ratio of 59.88, a PEG ratio of 2.56 and a beta of 0.96. The firm’s 50-day simple moving average is $103.56 and its 200-day simple moving average is $109.57. Paypal has a twelve month low of $75.47 and a twelve month high of $121.48.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.35 billion. Paypal had a net margin of 14.89% and a return on equity of 16.73%. Paypal’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. As a group, sell-side analysts predict that Paypal will post 2.23 EPS for the current fiscal year.
In related news, CEO Daniel H. Schulman sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $107.09, for a total value of $3,212,700.00. Following the sale, the chief executive officer now directly owns 487,074 shares in the company, valued at approximately $52,160,754.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John D. Rainey sold 7,283 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $107.23, for a total transaction of $780,956.09. Following the completion of the sale, the chief financial officer now owns 115,128 shares in the company, valued at $12,345,175.44. The disclosure for this sale can be found here. Insiders sold a total of 129,307 shares of company stock worth $14,151,842 over the last quarter. 0.15% of the stock is currently owned by corporate insiders.
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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