Paypal (NASDAQ:PYPL) Issues FY19 Earnings Guidance
Paypal (NASDAQ:PYPL) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $3.12-3.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.12. The company issued revenue guidance of $17.6-17.8 billion, compared to the consensus revenue estimate of $17.98 billion.Paypal also updated its FY 2019 guidance to $3.12-3.17 EPS.
Several research firms recently commented on PYPL. Loop Capital cut their target price on J B Hunt Transport Services to $133.00 and set a buy rating for the company in a research report on Tuesday, April 16th. Nomura raised Fujitsu from a neutral rating to a buy rating in a report on Thursday. Jefferies Financial Group cut Alcoa from a buy rating to a hold rating and dropped their price target for the company from $29.00 to $23.00 in a report on Thursday, July 18th. SunTrust Banks reaffirmed a hold rating and set a $44.00 price target on shares of Shutterstock in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. set a $24.00 price target on Urovant Sciences and gave the company a buy rating in a report on Friday, June 14th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $119.03.
Shares of NASDAQ PYPL traded up $0.37 during midday trading on Friday, hitting $115.49. The stock had a trading volume of 7,995,085 shares, compared to its average volume of 5,478,520. The stock has a 50-day simple moving average of $117.00. The stock has a market cap of $135.26 billion, a price-to-earnings ratio of 64.52, a P/E/G ratio of 2.82 and a beta of 0.98. Paypal has a fifty-two week low of $74.66 and a fifty-two week high of $121.48.
In other news, EVP Adele Louise Pentland sold 11,520 shares of Paypal stock in a transaction on Monday, April 29th. The stock was sold at an average price of $109.07, for a total value of $1,256,486.40. Following the completion of the sale, the executive vice president now directly owns 63,408 shares of the company’s stock, valued at approximately $6,915,910.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $111.09, for a total value of $3,332,700.00. Following the completion of the sale, the insider now directly owns 523,821 shares of the company’s stock, valued at $58,191,274.89. The disclosure for this sale can be found here. Insiders sold a total of 110,250 shares of company stock valued at $12,245,960 over the last three months. Insiders own 0.15% of the company’s stock.
Paypal Company Profile
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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