EBay Announces Plans to Replace PayPal as Main Payments Processor

by Dominic Parks February 2, 2018, 0:09
EBay Announces Plans to Replace PayPal as Main Payments Processor

Paypal (NASDAQ:PYPL) issued its earnings results on Wednesday. William Blair initiated the shares of PYPL in report on Tuesday, October 6 with "Outperform" rating. With Latest loss move, stock price showed -3.04% downward in value from one year high price and revealed 76.58% up in value from its one year low price.

Analysts mean recommendation for the stock is 2.00, (where 1 is Strong Buy and 5 is Strong Sell). News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings, Inc. with MarketBeat.com's FREE daily email newsletter. Analysts offer the company with a rating of 3 would be a sign of a Hold rating. Credit Suisse maintained it with "Buy" rating and $6300 target in Thursday, July 27 report.

Paypal Holdings Inc (NASDAQ:PYPL) opened at $85.32 on Thursday. In 2002, EBay paid 1.5 billion Dollars to buy PayPal, an online payments company whose founders include Silicon Valley heavyweights Elon Musk and Peter Thiel. Paypal Holdings Inc has a twelve month low of $39.02 and a twelve month high of $86.32. Following the completion of the transaction, the director now directly owns 10,149 shares of the company's stock, valued at approximately $751,431.96. The stock price is showing 8.64% distance above 50 SMA.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 83.5 Percent. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Trump Says North Korea Leadership "Depraved", Warns Of Nuclear Missile Threat
Warmbier died at the age of 22 in June 2017, just days after he was returned to the U.S.by North Korea. Seong-ho had almost starved as a child during the 1990s in North Korea.

A number of other institutional investors have also recently added to or reduced their stakes in PYPL. Arcadia Investment Management Corp MI raised its holdings in Paypal by 230.4% during the 4th quarter. The company's revenue for the quarter was up 25.6% compared to the same quarter previous year. Migdal Insurance & Financial Holdings Ltd. bought a new position in Paypal during the 3rd quarter worth approximately $113,000.

The announcement, under the innocuous sounding headline "eBay to Intermediate Payments on its Marketplace Platform", overshadowed the holiday quarter earnings reports from both companies. Its down 4.48% from 8.31M shares previously. NasdaqGS:PYPL is 6.645087. A lower price to book ratio indicates that the stock might be undervalued. Relative Volume (or RVOL) is a volume indicator, meaning it helps measure investor interest in a stock. Take a view on its long-term annual earnings per share (EPS) growth rate which is suggested by Analyst to reach at 20.27% for next 5 years and looking its past five year record, annual EPS growth rate was 19.67%. $83.52 was the targeted price for PayPal Holdings, Inc. having a 22,625,153 volume of shares. Earnings excluding some costs were 55 cents a share, compared with the average forecast for 52 cents.

COPYRIGHT VIOLATION WARNING: "Paypal Holdings Inc (NASDAQ:PYPL) Holdings Trimmed by Douglas Lane & Associates LLC" was originally published by StockNewsTimes and is the property of of StockNewsTimes. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, as well as at offline retail locations through a range of payment solutions, including PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products.


TOP News

Blackstone considers buying 55% stake in largest unit of Thomson Reuters
Reuters also makes money selling news to broadcasters, websites, newspapers, and other media organisations around the world. On January 30, 2018, the Thomson Reuters board of directors approved maintaining the dividend at $1.38 per common share.

Referendum on 8th Amendment to be held by early June, Cabinet says
Many Irish women have to travel to other countries for abortion or source abortion pills from overseas online. Currently, terminations are only allowed in the Republic of Ireland when the life of the mother is at risk.

Apple faces stock market probe over slowed down iPhones
The company offered a $50 discount on the cost of replacing older batteries, $29.99, and began replacing them earlier this month. Apple said batteries for other eligible iPhones were anticipated to be available "without extended delays" in most countries.

Why Kesha's Grammys Performance Is So Important
During her appearance, we see countless types of women behind her: young and old, Black, white, and Latina. She released her third studio album, Rainbow , last August, marking her first album since 2012's Warrior .

Woman denied emotional support peacock on United Airlines flight
"I've actually not had a situation where we had something go terribly awry with an emotional support animal , aside from a cat". Most react to emotional support animals with coos and adornment, but for Dexter the peacock, reactions were far from welcoming.

Trump administration wants to end ISS funding in 2025
To compensate for the lack of space shuttles, the plan was to get private companies involved. In the same appearance, he also touched upon the future of the ISS.

Hyundai Santa Fe design sketches released ahead of official Geneva debut
The U.S. sales of the aging Santa Fe climbed 1.5 percent previous year even as U.S. industry SUV and truck sales rose 4 percent. Looking at the company's image, it can be said that Hyundai will bring the new Santa Fe to the market with a great sporty look.

Government shutdown: SpaceX can't test fire Falcon Heavy rocket
This makes it 45% more expensive than the Falcon 9, a rocket that has been traditionally used by SpaceX for most of its missions. It should also be noted that the Falcon Heavy will out-power the Delta IV Heavy by a factor of two.

U.S. stocks close lower on sell-off
Health-related shares were broadly lower, with health insurers UnitedHealth Group losing 4.4 per cent and Cigna 7.2 per cent. Stocks are opening solidly higher on Wall Street after a number of big US companies reported strong quarterly earnings.

Sochi conference sees Syrian delegates agreeing on rewriting constitution
Russian Federation had reiterated that Sochi talks are not an alternative to the Geneva talks but as a booster to the United Nations peace process.