Paypal Holdings Inc (PYPL) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.35. The company posted revenue of $2544.00 million in the period, compared to analysts expectations of $2499.93 million. The company’s revenue was up 19.0% compared to the same quarter last year.
Many Wall Street Analysts have commented on Paypal Holdings Inc. Compass Point Initiated Paypal Holdings Inc on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $40.Company shares were Reiterated by Sun Trust Rbsn Humphrey on Apr 13, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $38 .Paypal Holdings Inc was Initiated by Bernstein to “Mkt Perform” on Mar 30, 2016.
Paypal Holdings Inc opened for trading at $39.72 and hit $40.635 on the upside on Friday, eventually ending the session at $40.31, with a gain of 0.52% or 0.21 points. The heightened volatility saw the trading volume jump to 64,33,904 shares. Company has a market cap of $49,286 M.
In a different news, on Feb 3, 2016, David M Moffett (director) sold 15,971 shares at $36.08 per share price. According to the SEC, on Nov 23, 2015, John J Donahoe (director) sold 53,390 shares at $36.25 per share price. On Nov 12, 2015, James Barrese (SVP, Payment Services & CTO) sold 25,695 shares at $37.15 per share price, according to the Form-4 filing with the securities and exchange commission.
PayPal Holdings Inc. (PayPal) is a technology platform company which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers merchants friends and family to access and move their money through its platform using various devices such as mobile tablets personal computers and wearables. It provides businesses of various sizes to accept payments from merchant Websites mobile devices and applications and at offline retail locations through a range of payment solutions across its Payments Platform including PayPal PayPal Credit Venmo and Braintree products. PayPal gateway products include Payflow Payments and Braintree products. The Company enables its consumers to fund a purchase using a bank account a PayPal account balance a PayPal Credit account a credit or debit card or other stored value products such as coupons and gift cards.