Paypal Holdings Inc (PYPL) is Downgraded by Wells Fargo to Market Perform

Paypal Holdings Inc (PYPL) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on Paypal Holdings Inc. Shares were Reiterated by Barclays on Jul 7, 2016 to “Overweight” and Lowered the Price Target to $ 42 from a previous price target of $46 .Paypal Holdings Inc was Initiated by Needham to “Hold” on May 27, 2016. Company shares were Reiterated by Mizuho on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $40 .

On the company’s financial health, Paypal Holdings Inc reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.35. The company had revenue of $2,650 million for the quarter, compared to analysts expectations of $2499.93 million. The company’s revenue was up 19.0% compared to the same quarter last year.

Paypal Holdings Inc opened for trading at $39.44 and hit $40.45 on the upside on Wednesday, eventually ending the session at $40.05, with a gain of 1.73% or 0.68 points. The heightened volatility saw the trading volume jump to 1,11,89,094 shares. Company has a market cap of $48,542 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.

Paypal Holdings Inc

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