Investors sold shares of Paypal Holdings Inc (NASDAQ:PYPL) on strength during trading hours on Tuesday. $54.04 million flowed into the stock on the tick-up and $84.18 million flowed out of the stock on the tick-down, for a money net flow of $30.14 million out of the stock. Of all equities tracked, Paypal had the 0th highest net out-flow for the day. Paypal traded up $0.38 for the day and closed at $74.27
PYPL has been the topic of several analyst reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a $85.00 target price (up from $74.00) on shares of Paypal in a research note on Friday, November 17th. Barclays lifted their target price on shares of Paypal from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Citigroup reaffirmed a “buy” rating and issued a $87.00 target price on shares of Paypal in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Argus lifted their target price on shares of Paypal from $80.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, November 17th. Nine analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $74.04.
The company has a market capitalization of $89,650.00 and a price-to-earnings ratio of 58.27.
In other Paypal news, Director Rodney C. Adkins bought 6,750 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were purchased at an average price of $74.04 per share, for a total transaction of $499,770.00. Following the acquisition, the director now owns 10,149 shares in the company, valued at approximately $751,431.96. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in PYPL. FMR LLC boosted its stake in Paypal by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after purchasing an additional 21,814,940 shares in the last quarter. Jennison Associates LLC bought a new position in Paypal in the 3rd quarter worth about $481,937,000. Harding Loevner LP boosted its stake in Paypal by 86.1% in the 3rd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after purchasing an additional 5,253,746 shares in the last quarter. Capital World Investors boosted its stake in Paypal by 313.5% in the 2nd quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock worth $330,127,000 after purchasing an additional 4,663,337 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Paypal by 1,064.7% in the 2nd quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock worth $260,921,000 after purchasing an additional 4,444,097 shares in the last quarter. Institutional investors own 80.73% of the company’s stock.
WARNING: “Traders Sell Paypal (PYPL) on Strength (PYPL)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.com-unik.info/2017/12/28/traders-sell-paypal-pypl-on-strength-pypl.html.
Paypal Company Profile
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.
Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.