Paypal Holdings Inc (PYPL) Updates FY17 Earnings Guidance

Paypal Holdings Inc (PYPL) Updates FY17 Earnings Guidance

In the liquidity ratio analysis; quick ratio for most recent quarter was 1.50 while current ratio for time period was 1.50. These analysts have also projected a Low Estimate of $0.4/share and a High Estimate of $0.42/share.

The company has a current ratio of 1.5 gauging towards its ability in paying short-term and long-term obligations. On Friday, May 27 the stock rating was initiated by Needham with "Hold". Edgewood Management LLC raised its position in Paypal Holdings by 0.7% in the fourth quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider's stock worth $123,000 after buying an additional 550 shares during the period.

On Tuesday, Shares of Paypal Holdings Inc (NASDAQ:PYPL) gained 0.99% to $44.71. About 984,995 shares traded.

The company reported an impressive total revenue of 10.84 Billion in the last fiscal year. The 52-Week High shows -1.59% with a 52-Week Low of 28.85%. (PYPL)'s latest closing price distance was 10.57% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 4.60% and 3.71% compared with the 20 Day Moving Average. It gives investors a clue on how effective the company is in converting the money it has to invest into net income. This represents an increase of 620% compared to the typical volume of 3,787 put options. (PYPL) in which BMO Capital Initiates Coverage On PayPal Holdings, Inc.

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The company's board authorized a $5 billion share buyback program. The company reported revenue of $2.99 Billion in the same period past year. At present, the Gross Margin for PayPal Holdings, Inc.

Geographically, the USA contributed 54% to total revenue, up 2% sequentially and 20% on a year-over-year basis. The Q2 2017 consensus earnings estimates for the company have stabilized at US$0.41 per share. The company's transactions also increased 23% to $1.7 billion and payment transactions per active account increased 12%.

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On the ratings front, PYPL has been the subject of a number of recent research reports. For the quarter ending Sep-17, 33 analysts have a mean sales target of 3,110.52 million whilst for the year ending Dec-17, 40 analysts have a mean target of 12,608.50 million. Stifel Nicolaus reissued a buy rating and set a $49.00 price objective on shares of Paypal Holdings in a research report on Sunday.

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The biggest institutional shareholders in PayPal Holdings, Inc. include T. Rowe Price Associates, Inc. which owns 81 million shares in the company valued at $3.18 B million.

PayPal Holdings, Inc. (PYPL) now has a consensus Price Target of $47.47.

Several large investors have recently modified their holdings of the stock. Following the completion of the transaction, the executive vice president now directly owns 39,405 shares of the company's stock, valued at $1,675,500.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 7.00% of the company's stock. The disclosure for this sale can be found here. Going forward, the company sees its revenue of $315 - $330 million for the second quarter while analysts look for $315.9 million.

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