PayPal delivers solid Q1, payment volume reaches $99 billion

PayPal delivers solid Q1, payment volume reaches $99 billion

PayPal delivers solid Q1, payment volume reaches $99 billion

PayPal struck a deal with Alphabet Inc's Google last week in a move to bring its payment wallet to brick-and-mortar stores. Cullen Frost Bankers Inc. now owns 417,511 shares of the credit services provider's stock valued at $17,106,000 after buying an additional 12,178 shares in the last quarter. American Research & Management Co. increased its stake in Paypal Holdings by 380.0% in the third quarter. The stock climbed 6.47 percent over the past quarter, while surged 1.23 percent over the past six months. Hedge funds and other institutional investors own 81.22% of the company's stock. Price T Rowe Associates Inc. Moreover, Freshford Capital Management Llc has 9.25% invested in the company for 184,562 shares. Paypal Holdings comprises approximately 2.8% of Mount Vernon Associates Inc. PayPal Holdings Inc had 68 analyst reports since July 23, 2015 according to SRatingsIntel. 8,015,796 shares of the company traded hands.

PayPal Holdings, Inc. (NYSE:PYPL)'s market cap, the total dollar value of all of their outstanding shares, is 52866.11m.

The stock's 50 day moving average is 43.04 and its 200 day moving average is 41.29.

The price/earnings ratio (P/E) is 38.88 and the forward P/E ratio stands at 21.96.

Shares of Paypal Holdings Inc (NASDAQ:PYPL) opened at 44.71 on Wednesday.

For the second quarter, PayPal expected to deliver adjusted earnings in the range of $0.41 to $0.43 per share and revenue in the range of $3.05 billion to $3.1 billion, an increase of around 15% - 17% at current spot rate or between 17% and 19% an FX-neutral basis.

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Sales/Adj. EPS of $2.98B and $0.44 compared to consensus expectations of $2.94B and $0.41, respectively. The business's revenue for the quarter was up 16.6% compared to the same quarter a year ago. Equity is made up of funds from the original issuing of shares and any retained earnings from previous financial years. Equities analysts expect that Paypal Holdings Inc will post $1.72 earnings per share for the current fiscal year. That suggests something of the likelihood of a short squeeze in shares of PYPL.

The stock price of the technology platform and digital payments company rose 5.83% to $47 per share around 5:12 in the afternoon in NY. Barclays PLC restated an "overweight" rating and set a $48.00 target price (up from $47.00) on shares of Paypal Holdings in a report on Friday, March 17th. Berenberg Bank assumed coverage on Paypal Holdings in a research note on Tuesday, January 10th. They issued a "buy" rating and a $51.00 price target on the stock. Sanford C. Bernstein set a $44.00 price objective on shares of Paypal Holdings and gave the stock a hold rating in a report on Sunday, January 8th.

The current consensus rating on Paypal Holdings (NASDAQ:PYPL) is Buy (Score: 2.73) with a consensus target price of $45.73 per share, a potential 2.97% upside. Also, EVP Gary J. Marino sold 13,535 shares of the company's stock in a transaction on Tuesday, April 4th.

On 11/1/2016 Tomer Barel, EVP, sold 28,768 with an average share price of $41.84 per share and the total transaction amounting to $1,203,653.12.

At the same time, 1.7 billion payment transactions took place in the quarter, an increase of 23% from past year. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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