Streetbeat News

PYPL

PayPal Holdings, Inc.

https://www.paypal.com

Industry

Financial - Credit Services

PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.

Open

90.42

Mkt cap

91B

Volume

7.8M

High

91.19

P/E Ratio

21.78

52-wk high

93.66

Low

89.82

Div yield

N/A

52-wk low

55.77

Elon Musk's acquisition of Twitter, now rebranded as X, could be impacted by the proposed buyout of United States Steel Corporation (NYSE:X) by Cleveland-Cliffs Inc (NYSE:CLF). The buyout was rejected by United States Steel, which is exploring strategic alternatives. The outcome could affect Musk's potential to secure the X stock ticker if he decides to take Twitter public again. Meanwhile, Twitter's valuation has fallen since Musk's $44 billion acquisition, with Fidelity recently valuing the company at $27 billion.

Portfolio Pulse from Chris Katje

August 16, 2023 | 5:48 pm

PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform from October 2023 to comply with new rules on crypto promotions. The company expects to restart in early 2024. The move comes as regulators worldwide are increasingly seeking to regulate crypto assets. Earlier this month, PayPal's shares got a boost when it announced the launch of a U.S. dollar stablecoin.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 3:59 pm

Josh Brown of Ritholtz Wealth Management advised against investing in PayPal Holdings, Inc. (NASDAQ:PYPL), calling it a 'huge value trap'. Stephanie Link of Hightower recommended buying Fortinet, Inc. (NASDAQ:FTNT) shares, despite the company's weak guidance. Joseph Terranova of Virtus Investment Partners disagreed with the recent downgrade of Marriott International, Inc. (NASDAQ:MAR) and recommended it as his final trade.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 12:09 pm

The upcoming student loan repayments may impact the 'buy now, pay later' (BNPL) sector, potentially causing a 2% setback. However, Mizuho analyst Dan Dolev remains optimistic, reiterating Buy ratings on Affirm Holdings, Inc (AFRM), Block, Inc (SQ), and PayPal Holdings, Inc (PYPL). A survey revealed that half of the active BNPL users are dealing with student loans, but those with loans reported an income surplus of $10,000 compared to their loan-free counterparts. The survey also found a positive correlation between the number of BNPL platforms a user is on and their income bracket.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 7:36 pm

Hedge funds increased their positions in tech stocks in Q2, with Meta Platforms, Microsoft, Nvidia, and Apple seeing the biggest increases. Meta Platforms saw the largest increase by market value, with investment firms increasing their positions by 5.7 million shares. Microsoft saw the next biggest increase, with investment managers adding 2.41 million shares. Amazon, Nvidia, and Apple also saw significant inflows. However, UnitedHealth Group, Alibaba Group, Intel Corp, and PayPal Holdings saw the biggest decreases in overall market value.

Portfolio Pulse from Adam Eckert

August 15, 2023 | 6:29 pm

PayPal Holdings, Inc (PYPL) has appointed Alex Chriss, from Intuit Inc (INTU), as its new CEO, effective from September 27, 2023. Analysts from Mizuho and KBW have reiterated their Buy and Outperform ratings on PayPal, with price targets of $92.00 and $90.00 respectively. The new CEO will face challenges such as changing the narrative around PayPal's share loss to Apple Inc's (AAPL) Apple Pay and deciding on the potential merger of PayPal and Venmo brands.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 6:13 pm

Josh Brown, a regular CNBC contributor, has advised investors to avoid PayPal (PYPL).

Portfolio Pulse from Charles Gross

August 15, 2023 | 5:00 pm

Elliott Investment Management has dissolved its stake in PayPal, leading to a decrease in PayPal's share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 4:31 pm

Jim Cramer, on CNBC's 'Mad Money Lightning Round', expressed his preference for the stocks of Mastercard and Visa over PayPal and Block. He was uncertain about ModivCare and advised against investing in Plug Power due to poor numbers. He also mentioned issues with 3M Company related to the combat arms trial. Cramer expressed optimism for On Holding AG's upcoming earnings report, despite the stock's previous fall after good numbers.

Portfolio Pulse from Lisa Levin

August 15, 2023 | 12:01 pm

US stock futures faltered on Tuesday due to China's unexpected rate cut and Home Depot's disappointing Q2 earnings report. Analysts from LPL suggest a 5-10% pullback in stocks is overdue. In premarket trading, the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ ETF (QQQ) both retreated. Home Depot, Discover Financial Services, Cardinal Health, Tencent Music Entertainment Group, Agilent Technologies, Jack Henry & Associates, and H&R Block are all mentioned in relation to earnings reports or leadership changes.

Portfolio Pulse from Shanthi Rexaline

August 15, 2023 | 11:36 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.