PayPal Holdings, Inc. (PYPL) Issues Q4 Earnings Guidance

PayPal Holdings, Inc. (PYPL) Issues Q4 Earnings Guidance

Shikiar Asset Management Inc. raised its stake in shares of PayPal Holdings by 2,671.9% during the 2nd quarter. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. The company's quarterly revenue was up 18.3% compared to the same quarter previous year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another site, it was stolen and republished in violation of worldwide trademark and copyright law. Paypal Holdings Inc (NASDAQ:PYPL) has risen 31.18% since October 19, 2016 and is uptrending. Mizuho reiterated a "hold" rating and set a $50.00 price target on shares of PayPal Holdings in a report on Sunday. Susquehanna maintained Paypal Holdings Inc (NASDAQ:PYPL) rating on Tuesday, August 18. KeyCorp reiterated an overweight rating and set a $75.00 target price (up previously from $70.00) on shares of PayPal Holdings in a research report on Wednesday. Evercore maintained it with "Buy" rating and $81.0 target in Wednesday, September 20 report. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company.

The information in this report is being furnished and shall not be deemed "filed" for the purposes of Section18 of the Securities Exchange Act of 1934, or the Exchange Act, and shall not be incorporated or deemed to be incorporated by reference into any filing by PayPal Holdings, Inc., or the company, under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language contained in such filing, unless otherwise expressly stated in such filing. Further, company shares have been seen trading -3.12% off of the 52 week high and 77.19% away from the 52 week low. The company has market cap of $80.17 billion. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $69.61. PayPal Holdings, Inc. (NASDAQ:PYPL) has a 20-Day average volume of 7.77 Million. Rhumbline Advisers lifted its holdings in PayPal Holdings by 0.9% in the second quarter.

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Since the beginning of the calendar year, the stock is 2.30%. The SI to Paypal Holdings Incorporated's float is 2.41%. Share performance for the month is now at -2.80%. For the quarter, shares have been noted at 14.26%.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 85.1 Percent. Analysts rating the company a 4 or 5 indicate a Sell recommendation. Following the completion of the transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at approximately $1,733,181. Insiders own 6.00% of the company's stock. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. The disclosure for this sale can be found here. Focusing in on the past five trading days, shares have changed -0.77%.

PayPal Holdings, a technology platform company.

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