PayPal Shares Decline After eBay Split

Mastercard presently has a consensus price target of $128.45, indicating a potential downside of 2.01%. News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for PayPal Holdings, Inc. with MarketBeat.com’s FREE daily email newsletter.

EBay and PayPal have a relationship spanning back more than a decade, but neither necessarily need each other.

PayPal has grown to 227 million active customer accounts, after adding 8.7 million for the quarter. Perhaps, that suggests something about why 5.94% of the outstanding share supply is held by institutional investors. The company has a market cap of $101.22 Billion. The stock recovered 43.75% since its low point and has performed 4.36% year-to-date. By looking at the Volatility of the company, Week Volatility is at 1.49%, whereas Month Volatility stands at 1.37%. 0 analysts gave its stock an Outperform rating. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Paypal by 0.7% during the second quarter. PRICE T ROWE ASSOCIATES INC /MD/ owned 1.95% of PayPal Holdings, Inc.

Shares of the San Jose, California-based e-commerce company climbed almost 9 percent to a record high in after-hours trading on Wednesday.

The analysts offering 12 month price targets for PayPal Holdings, Inc. have a median target of $85, with a high estimate of $98 and a low estimate of $56.

Our analysis of the EBAY chart below shows the stock moving higher as it begins a new market cycle.

Since the beginning of the calendar year, the stock is 15.89%. The online auction house has inked an agreement with Adyen, an e-commerce company headquartered in Amsterdam, Netherlands, to take PayPal’s place. While the companies were split into two different entities they still continued doing business successfully. The Company provides a range of products and solutions that support payment products, which customers can offer to their cardholders.

Several other institutional investors have also bought shares of the company. There won’t be a big “Pay with Adyen” logo anywhere, instead Adyen allows to you to pay with credit cards and the like. The global payments giant surpassed analyst expectations for both sales and profit. It is reported that eBay is keen to make the transition to this new provider as quickly as possible.