|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's range||84.82 - 86.97|
|52-week range||52.52 - 86.97|
|PE ratio (TTM)||54.75|
|Earnings date||24 Jul 2018 - 30 Jul 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||87.95|
Instagram, Ford, PayPal and AT&T are the companies to watch.
PayPal (PYPL) has announced its acquisition of leading global payout platform Hyperwallet to enhance its payout capabilities and provide an integrated suite of payment solutions to e-commerce platforms and marketplaces around the world. PayPal has agreed to pay $400 million in cash to Hyperwallet and expects the deal to close in the fourth quarter.
IBD Stock of the Day: PayPal stock muscled into the buy zone Wednesday. Acquisitions are giving the online payment giant scale against rivals such as Square, analysts said.
After recently closing the acquisition of website-builder Weebly and finalizing a debt offering, Square (SQ) now expects to post a larger loss in 2018 than it originally anticipated. In the first quarter, its reported loss per share was $0.06. Square raised its 2018 loss guidance to reflect the costs associated with the acquisition of Weebly as well as an increase in interest expense due to the recent debt offering.
PayPal Holding stock rose as analysts mulled its latest acquisition, Hyperwallet Systems for $400 million, a deal expanding its global payments platform.
Square (SQ) has updated its 2018 revenue guidance to reflect the impact of the Weebly acquisition. Weebly is a website-builder that Square acquired last month for $365 million.
Holdings Inc. aims to gain more users in what it calls “underpenetrated” markets such as Mexico, Brazil, China and India, in part, by forming local partnerships, said the company’s Chief Financial Officer John Rainey. Mr. Rainey said a good portion of PayPal's business in these markets is cross-border transactions, with local users doing business with the company’s global network. To gain a domestic presence, Paypal’s strategy is to avoid challenging more established local players by itself, Mr. Rainey said.
The media went full throttle in covering the exit of centuries-old GE from the Dow Jones industrial average, but the truly dynamic action for investors continued to center on fast-growing companies on the Nasdaq, including PayPal and Alphabet.
The developer of a school shooting video game condemned by parents of slain children has lost the ability to sell its products online after being dumped by PayPal. Acid Software said Tuesday that purchases of "Active Shooter" were "temporarily disabled" as its representatives tried to resolve the issues with PayPal. PayPal confirmed it closed the account.
Among the companies with shares expected to trade actively in Wednesday's session are 21st Century Fox, Walt Disney, AT&T, Ford and Starbucks.
Facebook (FB) posted an enterprise value (or EV) of $522.9 billion for 2017. In comparison, Amazon (AMZN), Alphabet (GOOG), Alibaba (BABA), and PayPal (PYPL) posted enterprise values of $852.2 billion, $705.1 billion, $531.0 billion, and $97.9 billion, respectively.
PayPal Holdings Inc. shares are up 0.3% in premarket trading Wednesday after Wedbush analyst Moshe Katri said that the company's recently announced acquisition of Hyperwallet had strategic benefits. The purchase "strengthens its merchant-facing platform," Katri wrote of PayPal. "Combined with recently acquired iZettle, it also enhances the company's ongoing monetization effort." He wrote that the two deals help place PayPal "on par competitively" with Square Inc. and Adyen NV .
MARKET PULSE PayPal Holdings Inc. (pypl) shares are up 0.3% in premarket trading Wednesday after Wedbush analyst Moshe Katri said that the company's recently announced acquisition of Hyperwallet had strategic benefits.