PYPL - PayPal Holdings, Inc.
107.99 0.00 (0.00%)
After hours: 4:49PM EST
| Previous close | 107.84 |
| Open | 104.26 |
| Bid | 108.15 x 800 |
| Ask | 108.75 x 1000 |
| Day's range | 103.72 - 108.72 |
| 52-week range | 94.51 - 124.45 |
| Volume | 16,043,883 |
| Avg. volume | 6,990,016 |
| Market cap | 126.668B |
| Beta (5Y monthly) | 0.94 |
| PE ratio (TTM) | 52.17 |
| EPS (TTM) | 2.07 |
| Earnings date | 21 Apr 2020 - 26 Apr 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 130.64 |
- Zacks
Paypal (PYPL) Down 7.9% Since Last Earnings Report: Can It Rebound?
Paypal (PYPL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
Millennials to Drive Bitcoin Higher: 4 Stocks to Watch
Millennials, who vouch for bitcoin democratization, also prefer the world's numero uno cryptocurrency as a form of investment to save for the future.
- Reuters
PayPal sees revenue hit from coronavirus outbreak
Several companies, including Apple Inc, Mastercard Inc and American Airlines Group Inc, have warned of a hit from the rapid spread of the epidemic that has disrupted supply chain, hurt global travel and led to temporary shutdowns of businesses. PayPal, which derives nearly half of its total revenue from international operations, forecast first-quarter revenue of $4.78 billion to $4.84 billion last month. "We currently estimate the negative impact from COVID-19 to be an approximate one percentage point reduction, to PayPal's year-over-year revenue growth for the first quarter," the company said in a statement.
- Bloomberg
PayPal Cuts First-Quarter Revenue Outlook on Virus Impact
(Bloomberg) -- PayPal Holdings Inc. cut its forecast for revenue in the first quarter due to the continued impact of the coronavirus.The payments operator said it expects revenue to be on the lower end of a previously forecast range of $4.78 billion to $4.84 billion. The company reaffirmed its outlook for adjusted earnings of 76 cents to 78 cents a share.“PayPal’s business trends remain strong; however, international cross-border e-commerce activity has been negatively impacted by COVID-19,” the company said in a statement Thursday. PayPal said it expects the “negative impact from COVID-19” to be about a one percentage-point reduction to revenue growth for the first quarter.PayPal shares were little changed in morning trading in New York on Thursday. The stock has dropped about 10% in the past week. Companies have begun lowering forecasts as the deadly virus spreads from China to Europe, the Middle East and the U.S. Federal health officials warned earlier this week that the illness will almost certainly spread in the U.S. and that people should prepare for significant disruptions in daily life, including school closings, cancellations of sporting events, concerts and business meetings.On Wednesday Microsoft Corp. reduced its quarterly outlook, following Apple Inc. and HP, because of supply-chain disruptions related to the virus. Mastercard Inc. also lowered its forecast for quarterly revenue growth as the virus curbs international travel and takes a bite out of e-commerce.Anxious investors have driven five consecutive days of stock market losses in the U.S., erasing the benchmark S&P 500 index’s gains for the year.(Updates with shares in fourth paragraph.)To contact the reporter on this story: Julie Verhage in New York at jverhage2@bloomberg.netTo contact the editors responsible for this story: Mark Milian at mmilian@bloomberg.net, Molly Schuetz, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Square (SQ) Looks Strong Going Into Q4 Earnings
Will tonight's earnings launch this stock up and out of its recent trading slump?
- Yahoo Finance UK
Thousands ask for free ATMs as system reaches 'verge of collapse'
Communities have been hit hard with 9,500 free-to-use cash machines removed from across the UK in last two years, according to Which?
- Bloomberg
Credit Karma Founder to Get Billion-Dollar Windfall From Sale
(Bloomberg) -- Ken Lin co-founded Credit Karma Inc. in 2007 after struggling to find out his own credit score. That’s something he probably won’t need in the future.Intuit Inc. -- the software giant behind TurboTax -- said Monday it’s buying Credit Karma for about $7.1 billion in cash and stock. The firm, which offers free credit scores and help applying for cards and loans, has more than 100 million members and reported unaudited revenue of nearly $1 billion in 2019, according to a company statement.Lin, 44, who owns at least 15% of the San Francisco-based company, is poised for a ten-figure windfall, according to calculations by the Bloomberg Billionaires Index, the latest fintech founder to strike gold in recent months as more established firms snap up upstarts.It caps a remarkable rise for Lin, who as a child immigrated to the U.S. from China with his parents and was the first of his family to graduate from college. The founder is far from the stereotypical staid financial planner. Described as an adrenaline junkie, he once took his company’s board on dune buggy rides in Las Vegas and is known for hitting the dance floor at his firm’s holiday parties.Credit Karma declined to comment on Lin’s net worth.Others geting windfalls include co-founders Nichole Mustard, 47, and Ryan Graciano, 38, as well as firms such as Silver Lake, Ribbit Capital and QED Investors, a Virginia-based outfit that led the first investment round.The startup’s hefty price tag contrasts with its early days.It initially struggled to raise funding from venture capitalists and its first office was an apartment located by a San Francisco overpass and above Kate O’Brien’s Irish Bar & Grill. The company has since moved to fancier digs near Union Square whose amenities include a nail salon.While Silicon Valley has witnessed plenty of lackluster public offerings recently, there’s still demand for financial tech companies from larger rivals.George Ruan and Ryan Hudson, the co-founders of Honey Science Corp. pulled in $1.5 billion after completing the $4 billion sale of their firm to PayPal Holdings Inc. Plaid Inc. co-founders Zach Perret and William Hockey will collect hundreds of millions of dollars each after selling their company to payments giant Visa Inc. for $5.3 billion in January.Intuit’s share price rose 2.5% to $293.60 at 10:13 a.m. in New York on Tuesday.(Updates with details of Intuit share price in final paragraph.)To contact the reporters on this story: Tom Metcalf in London at tmetcalf7@bloomberg.net;Julie Verhage in New York at jverhage2@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Steven CrabillFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Intuit Buys Credit Karma for $7.1 Billion in Cash, Stock
(Bloomberg) -- Intuit Inc., the software giant behind TurboTax, is buying personal finance website Credit Karma Inc. for about $7.1 billion in cash and stock.San Francisco-based Credit Karma has garnered more than 100 million users by offering free credit scores since it was founded in 2007. The financial technology startup offers other services too, including the ability to apply for a credit card, find an auto loan or start a savings account. The combination will help consumers manage debt, maximize savings and have better access to credit cards and loans, Intuit said in a statement Monday.Fintech companies are at a crossroads where a number of them are established enough to go public, but a spate of poor-performing IPOs are making acquisitions more attractive. At the same time, incumbent companies aren’t afraid to snap up startups as a way to fuel their own growth. “The fertile M&A market, shift to growth stage investments, and rich valuations open the door for a lot of discussions, as well as distractions,” said Lindsay Davis, an analyst at CB Insights. “Fintech startups will have a choice to take a deal or buckle down and focus on filling product gaps.”Perhaps most similar to Intuit, Credit Karma also launched a free tax-filing platform a few years ago and has been trying to poach customers of Intuit’s TurboTax offering.More than 30 million users log into Credit Karma every week, the company has said. These users don’t pay the company for any of its services, and Credit Karma makes money through an affiliate fee it receives when someone successfully applies for a loan or credit card on its platform. Credit Karma generated almost $1 billion in unaudited revenue last year, up 20% from 2018, Intuit said.Intuit also reported fiscal second-quarter results, with revenue up 13% in the period to $1.7 billion, topping the average analyst estimate of $1.68 billion. Net income rose 27% to $240 million, or 91 cents a share, in the three months ended Jan. 31. The company reiterated its fiscal 2020 outlook for revenue of $7.44 billion to $7.54 billion. The transaction is expected to be neutral or add to Intuit’s adjusted earnings per share in the first full fiscal year after the transaction closes, the company said.The deal is only the latest in a slew of acquisitions in the industry. Morgan Stanley recently announced plans to buy E*Trade Financial Corp. for $13 billion, while Visa Inc. agreed to acquire Plaid for $5.3 billion in January.Late last year, PayPal Holdings Inc. snapped up online coupon company Honey Science Corp. for $4 billion and Charles Schwab Corp. is acquiring TD Ameritrade Holding Corp. for $26 billion.QED Investors, Ribbit Capital and Founders Fund were early backers of Credit Karma.(Updates with Intuit earnings results in sixth paragraph.)To contact the reporter on this story: Julie Verhage in New York at jverhage2@bloomberg.netTo contact the editors responsible for this story: Mark Milian at mmilian@bloomberg.net, Linus Chua, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Yahoo Finance
How MDIs can enhance the economy in low-income communities
Aron Betru, managing director of the Center for Financial Markets at the Milken Institute, joined Yahoo Finance’s “The First Trade” to discuss the need for increasing access to capital in underserved, minority communities.
- Reuters
PayPal funds academic research on illegal firearms transactions
PayPal Holdings Inc is teaming up with criminologists and experts at several universities to probe the payment systems used in the trafficking of illegal firearms in the United States, the company said on Tuesday. The research aims to help financial companies and law enforcement understand what types of payment methods are used to finance illegal transactions and prevent them from taking place, PayPal executives said. The effort will be led by the Centre on Crime and Community Resilience at Northeastern University and the University of Chicago Crime Lab.
- Yahoo Finance
Why financial professionals say cybersecurity is the toughest risk to manage
The Association of Financial Professionals is out with its 2020 Risk Survey, citing that business leaders are most concerned with cybersecurity risks.
- Yahoo Finance
Altria, Southwest Airlines, PayPal, Apple, Broadcom: Companies to Watch
Altria, Southwest Airlines, PayPal, Apple and Broadcom are the companies to watch.
- Zacks
PayPal (PYPL) Q4 Earnings Beat Estimates, Revenues Up Y/Y
PayPal's (PYPL) fourth-quarter results benefit from investment contributions, increasing net new active accounts, and solid contributions from Venmo and One Touch.
- Zacks
Mastercard a Solid Buy After Posting Stellar Q4 Earnings
Mastercard tops earnings estimates in fourth-quarter 2019 and has a promising outlook for 2020. Contactless payment and digital initiatives will boost the company's growth.
- Investing.com
PayPal Holdings Earnings, Revenue Beat in Q4
Investing.com - PayPal Holdings Inc reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
- Zacks
5 Must-See Big Cap Earnings Charts
Dozens of big cap companies are reporting this week but these are 5 to keep on your radar.
- Bloomberg
Subway Inks Payments Deal With Adyen for U.S., Canada
(Bloomberg) -- Adyen NV will process payments for tens of thousands of Subway Restaurant’s stores in the U.S. and Canada, under a deal with the fast-food chain announced Tuesday.Adyen Chief Operating Officer Kamran Zaki said in an interview that his company would help Subway process orders in more than 20,000 venues across North America, adding that the fast-food firm is one of the biggest in terms of number of locations. Adyen has already started processing Subway payments in some stores.The Dutch company is facing off with firms like San Francisco-based Stripe Inc. to sign on more merchants, positioning itself to bank a slice of customers’ transactions. EBay Inc. in 2018 announced it would ditch its longtime partner PayPal Holdings Inc. in favor of Adyen.The deal to process payments for orders in-restaurant, online and through the Subway app comes as Adyen signs on a growing number of customers in the food and beverage industry. Adyen in December said it’d clinched a deal to process McDonald’s Corp.’s mobile app transactions.“This is material and not a side project with a fantastic name,” Pieter van der Does, Adyen’s chief executive officer, said of the Subway partnership in an interview.As global e-commerce continues to rise and as merchants look to facilitate customers’ payments, Adyen’s shares have increased three-fold since its initial public offering in June 2018. The Amsterdam-based company offers merchants payment processing both online and in stores and in a variety of local currencies. Other customers include Uber Technologies Inc., EasyJet Plc and Birchbox Inc., according to its website.In a statement, Subway Chief Information Officer Mike Macrie said “Adyen’s payment platform will further allow Subway to bring the latest digital payment technologies to market,” as it continues its digital push to offer guests greater convenience.To contact the reporter on this story: Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate LanxonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Tech Stocks' Earnings Roster for Jan 29: FB, NOW, MSFT, PYPL
Here is a sneak peek into how Facebook, Microsoft, PayPal, and ServiceNow are poised ahead of their upcoming earnings releases on Jan 29.
- Zacks
Paypal (PYPL) Stock Moves -0.77%: What You Should Know
Paypal (PYPL) closed the most recent trading day at $116.98, moving -0.77% from the previous trading session.
- Zacks
Avnet's (AVT) Q2 Earnings Miss, Revenues Beat Mark, Fall Y/Y
Weakness in the components industry due to macroeconomic downsides and sluggish Farnell business affect Avnet's (AVT) second-quarter fiscal 2020 results. However, cost-saving efforts are a breather.
