Revenue Update on Paypal Holdings Inc(NASDAQ:PYPL)

Paypal Holdings Inc(NASDAQ:PYPL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $2.65B. Analysts estimated a revenue of $2.60B. Earnings per share were $0.36. Analysts had estimated an EPS of $0.36.

In a different note, Stephens & Co. said it Initiates Coverage on Paypal Holdings Inc, according to a research note issued on Jul 8, 2016. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on Paypal Holdings Inc. In the research note, the firm Lowers the price-target to $46.00 per share. The shares have been rated ‘Overweight’ by the firm. Oppenheimer said it Initiates Coverage on Paypal Holdings Inc, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Outperform’ by the firm. Nomura said it Initiates Coverage on Paypal Holdings Inc, according to a research note issued on May 26, 2016. The shares have been rated ‘Hold’ by the firm. On Apr 28, 2016, UBS said it Maintains its rating on Paypal Holdings Inc. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Neutral’ by the firm.

Paypal Holdings Inc (PYPL) made into the market gainers list on Wednesdays trading session with the shares advancing 1.73% or 0.68 points. Due to strong positive momentum, the stock ended at $40.05, which is also near the day’s high of $40.45. The stock began the session at $39.44 and the volume stood at 1,11,89,094 shares. The 52-week high of the shares is $41.75 and the 52 week low is $30. The company has a current market capitalization of $48,542 M and it has 1,21,20,26,660 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 3, 2016, David M Moffett (director) sold 15,971 shares at $36.08 per share price.Also, On Nov 23, 2015, John J Donahoe (director) sold 53,390 shares at $36.25 per share price.On Nov 12, 2015, James Barrese (SVP, Payment Services & CTO) sold 25,695 shares at $37.15 per share price, according to the Form-4 filing with the securities and exchange commission.

PayPal Holdings Inc. (PayPal) is a technology platform company which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers merchants friends and family to access and move their money through its platform using various devices such as mobile tablets personal computers and wearables. It provides businesses of various sizes to accept payments from merchant Websites mobile devices and applications and at offline retail locations through a range of payment solutions across its Payments Platform including PayPal PayPal Credit Venmo and Braintree products. PayPal gateway products include Payflow Payments and Braintree products. The Company enables its consumers to fund a purchase using a bank account a PayPal account balance a PayPal Credit account a credit or debit card or other stored value products such as coupons and gift cards.

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