Somewhat Positive Press Coverage Somewhat Unlikely to Affect PayPal (PYPL) Share Price

Headlines about PayPal (NASDAQ:PYPL) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PayPal earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the credit services provider an impact score of 46.5394244622581 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern’s rankings:

NASDAQ:PYPL traded up $1.60 during mid-day trading on Friday, hitting $80.79. The stock had a trading volume of 14,626,894 shares, compared to its average volume of 8,930,686. PayPal has a twelve month low of $49.06 and a twelve month high of $86.32. The company has a market capitalization of $95.93 billion, a P/E ratio of 58.12, a price-to-earnings-growth ratio of 2.67 and a beta of 1.28.

PayPal (NASDAQ:PYPL) last issued its earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the business posted $0.44 EPS. PayPal’s revenue was up 23.9% on a year-over-year basis. equities research analysts anticipate that PayPal will post 1.71 earnings per share for the current year.

A number of equities analysts have issued reports on PYPL shares. ValuEngine upgraded PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Cantor Fitzgerald reiterated a “buy” rating and set a $85.00 target price on shares of PayPal in a report on Thursday, February 1st. Stifel Nicolaus increased their target price on PayPal from $79.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, April 26th. JPMorgan Chase increased their target price on PayPal from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. Finally, Loop Capital increased their target price on PayPal to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.34.

In related news, Director David M. Moffett sold 3,808 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $77.86, for a total value of $296,490.88. Following the completion of the sale, the director now directly owns 66,320 shares in the company, valued at approximately $5,163,675.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $80.66, for a total transaction of $2,097,160.00. Following the completion of the sale, the insider now owns 268,189 shares of the company’s stock, valued at $21,632,124.74. The disclosure for this sale can be found here. Insiders sold a total of 201,964 shares of company stock valued at $15,385,614 over the last quarter. 0.20% of the stock is currently owned by company insiders.

PayPal Company Profile

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Insider Buying and Selling by Quarter for PayPal (NASDAQ:PYPL)

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