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.

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