Published: Fri, October 20, 2017
Hi-Tech | By Grace Becker

PayPal Holdings Inc Q3 2017 Earnings Send Shares Higher After Hours

PayPal Holdings Inc Q3 2017 Earnings Send Shares Higher After Hours

In addition, PayPal's GAAP earnings per diluted share (EPS) also illustrated a growth of 17 percent year-over-year to $0.31 in Q3 2017, as well as a non-GAAP EPS growth of 31 percent to $0.46 from Q3 2016. Revenue is slated to come in between $12.92 billion and $12.98 billion. Craig Hallum reiterated a buy rating and set a $83.00 target price (up previously from $67.00) on shares of PayPal Holdings in a research report on Tuesday.

On October19, 2017, PayPal Holdings, Inc. announced its financial results for the quarter ended September30, 2017.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. To forecast a stock's future performance, analysts use momentum indicators, which take into account the size and speed of these price movements. Over the last quarter, insiders sold 261,351 shares of company stock worth $15,302,809. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the company. (NYSE:PYPL). According to First Call, the consensus price target for the company is $67.44. Trading volume for PayPal Holdings, Inc. was 10.68 Million in its previous trading session. PayPal Holdings, Inc. has a 12 month low of $38.06 and a 12 month high of $69.61.

The company brought in a record total payments volume of $114 billion, which measures the total transactions on the platform. The stock is trading $62.80 its 50-day moving average by -4.46%.

In analysts report published on 18 October, The Buy rating of PayPal Holdings (NASDAQ:PYPL) shares was restate at Citigroup, who now has a $77 PT on the stock.

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Revenue rose 21.4 percent to $3.24 billion. The latest figure includes 8.2 million new active customer accounts added in the third quarter which justified an 88 percent year-over-year growth. Analysts had been looking for 43 cents per share in adjusted earnings on $3.17 billion in revenue.

In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the company's stock in a transaction that occurred on Monday, July 31st. $59.16's average target is -11.22% below currents $66.64 stock price. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. A rating of 4 or 5 would represent a Sell recommendation. Following the transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. BlackRock Inc. now owns 62,938,949 shares of the credit services provider's stock valued at $3,377,936,000 after acquiring an additional 2,835,027 shares during the period. Also, EVP Gary J. Marino sold 1,351 shares of the company's stock in a transaction that occurred on Tuesday, August 1st. Takes Position in PayPal Holdings, Inc. "(PYPL) Updates Q4 Earnings Guidance" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal.

PayPal Holdings, a technology platform company.

PayPal's social payments platform Venmo processed $9 billion of TPV, up 93 percent over the same period a year ago.

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