Paypal Holdings Inc(NASDAQ: PYPL) delivered strong first quarter results

by Linda Olson April 28, 2017, 0:59
Paypal Holdings Inc(NASDAQ: PYPL) delivered strong first quarter results

PayPal reported solid first quarter earnings and revenue Wednesday after the bell. The share price of the stock surged 17.22% for the year.

Analysts await Paypal Holdings Inc (NASDAQ:PYPL) to report earnings on April, 26. Because of the different techniques used to gauge a company target price, estimates may be quite different from one analyst to another. Paypal Holdings now has a consensus rating of "Buy" and an average price target of $45.43. (NASDAQ:PYPL)'s Buy count is 3 and Strong Buy is 17 while the number of analysts recommending Sell and Strong Sell are 0 and 8, respectively.

PayPal struck a deal with Alphabet Inc's Google last week in a move to bring its payment wallet to brick-and-mortar stores.

While looking at the Stock's Performance, PayPal Holdings, Inc. now shows a Weekly Performance of 3.76%, where Monthly Performance is 3.66%, Quarterly performance is 6.55%, 6 Months performance is 1.27% and yearly performance percentage is 12.28%. The company has market cap of $54.57 billion. Tracking the stock price in relation to moving averages may provide enhanced perspective on stock performance. PYPL is a #3 (Hold) on the Zacks Rank, and is up nearly 7% to $47.50 per share in trading shortly after its earnings report was released. That should give you a pretty good sense of the level of risk implied in a short-term trading approach in the stock with a stop-loss in place.

Today, Paypal Holdings (NASDAQ:PYPL) stock received an upgrade by Piper Jaffray Companies from Underweight to Neutral.

A consensus of analysts polled by Thomson Reuters expected earnings of 41 cents per share on revenue of $2.94 billion.

During the most recent trading session, Inc (NYSE:CRM) shares traded +0.69%. Equity is made up of funds from the original issuing of shares and any retained earnings from previous financial years. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. & worldwide trademark and copyright legislation. The Magic Formula was devised by hedge fund manager Joel Greenblatt. Also, EVP Gary J. Marino sold 13,535 shares of the company's stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $42.52, for a total value of $575,508.20. The new stock repurchase program will become effective after the completion of its January 2016 stock buyback program. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The shares were sold at an average price of $42.63, for a total transaction of $741,165.18. The disclosure for this sale can be found here. The most recent short interest data show 2.72% of the company's stock are short sold.

Several research firms have recently weighed in on PYPL.

Mount Vernon Associates Inc. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider's stock worth $108,000 after buying an additional 740 shares during the period. West Oak Capital LLC raised its stake in shares of Paypal Holdings by 23.9% in the first quarter.

PayPal, which spun off from e-commerce firm eBay Inc in 2015, also agreed to buy Canadian bill payment processor TIO Networks Corp for about $233 million in February. A month ago, they told us to expect earnings of US$0.42 per share while three months ago their EPS consensus estimate was US$0.42. American Research & Management Co. increased its stake in Paypal Holdings by 380.0% in the third quarter.

Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks.

PayPal Holdings, a technology platform and digital payments firm that enables digital and mobile payments on behalf of clients and merchants.

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