|Bid||106.02 x 800|
|Ask||106.20 x 2200|
|Day's Range||105.55 - 106.61|
|52 Week Range||74.66 - 121.48|
|Beta (3Y Monthly)||0.84|
|PE Ratio (TTM)||50.60|
|Earnings Date||Oct 16, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||126.64|
CEOs of consumer-facing brands have been careful to align their companies in partisan Trump era politics. Here are some of the business leaders who have thrown dollars behind the President.
India is one of the world’s key battlegrounds for digital payments. Key implications: Chinese and US investors, having long faced difficulties entering each other’s markets, have turned their attention to India’s tech sector.
(Bloomberg) -- When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders.Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5 billion valuation. European fintech companies raised $3.3 billion in venture capital in the first half of 2019, up from $1.9 billion in the same period last year, according to data compiled by CB Insights. In contrast, an index of European Union banks has dropped 39% the past 18 months.“Investors are drawn to it because it’s the perfect blend of a huge, mature industry which, empowered by technology, can deliver vast returns, far in excess of what you see if you’re starting up out of nowhere,” said Ben Brabyn, chief executive officer of Level39, one of Europe’s largest fintech accelerators, in an interview.Here are a few other recent industry highlights and what to watch out for next.Fintechs Flout Brexit WorriesLondon fintechs defied the Brexit gloom that descended on the the U.K. Transferwise Ltd. announced a funding round in May that valued the eight-year-old company at $3.5 billion, up from $1.6 billion in 2017. A few weeks later, online bank Monzo closed a new funding round doubling the startup’s valuation to more than $2.5 billion. Meantime, Revolut Ltd., while being eyed by regulators for possible compliance lapses, expanded into stock trading. They weren’t all winners: shares of peer-to-peer lender Funding Circle Ltd. have plunged 65% this year.IZettle’s Surprise PayPal SaleIt was the midnight deal that surprised many -- PayPal Holdings Inc. purchased iZettle AB for $2.2 billion in May 2018 the night before the Swedish startup had planned to price its shares in an initial public offering. Stockholm-based iZettle competes with Twitter co-founder Jack Dorsey’s Square Inc., and Canada’s Shopify Inc.Adyen Soars After IPODutch payments processor Adyen NV hit headlines for two reasons last year. First, in February, it was announced the Netherlands-based firm would replace PayPal as EBay Inc.’s global checkout service. Then in June, it held a billion-dollar IPO and saw its shares surge 90% in the first day of trading. The company, whose clients include Netflix Inc. and Spotify Technology SA, is now valued at 20 billion euros ($22.4 billion)Worldpay’s $35.5 Billion DealAs one of the world’s biggest payments firms, Worldpay Inc. handles about $1 trillion annually -- similar to Chase Paymentech. When Fidelity National Information Services Inc. said on July 31 it’d completed its $35.5 billion acquisition of the company, data compiled by Bloomberg showed the combined business will be the world’s biggest in the processing and payments industry. It wasn’t a bad day for Ohio-based Worldpay, which less than two years earlier had been a British enterprise snapped up for 7.7 billion pounds ($9.3 billion) by U.S. merchant acquirer Vantiv.What’s Next?N26, the German mobile bank backed by billionaire Peter Thiel, announced in July it had extended its most recent fundraising round to $470 million, at a valuation of $3.5 billion. The company is expanding from Europe to the U.S., betting it can attract users from established lenders and credit card providers with free accounts, fewer fees and phone alerts.Other companies to watch include Revolut, which despite multiple run-ins with controversy remains exciting to investors after it held one of the biggest fundraising rounds for a European fintech last year, and app-based banks Monzo and Starling, which are attracting customers at a rapid clip.Further down the line is the U.K.’s online lender Zopa Ltd., which its CEO Jaidev Janardana said in July could potentially hold an IPO in 2021.“The valuations are encouraging but they’re not enough. They’re just an early indicator. The important numbers to watch are the customers,” said Brabyn. “We all need to step up to demonstrate the public value of what we do.”To contact the reporter on this story: Ali Ingersoll in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Nate Lanxon, James HertlingFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
PayPal is ramping up its presence in India, looking to capitalise on surging digital payments demand as the country’s 450m mobile users leap online and as growth slows in the US and Europe. The US-listed payments company, which launched a domestic business allowing merchants to process both local and global payments in India in November 2017, considers the country’s flourishing online payments industry critical for growth as it hits a saturation point in key western markets. “India is critically important,” said Sri Shivananda, chief technology officer at PayPal.
While PayPal’s (PYPL) Venmo has been crushing its competition, PayPal recently launched Xoom’s digital remittance service in 32 European markets.
Investors shaken by the stock market's pullback in August should be on the alert for even steeper declines ahead for six stocks with a range of vulnerabilities, including PayPal Holdings Inc. (PYPL), Dropbox Inc. (DBX), Molson Coors Brewing Company (TAP), MSG Network Inc. (MSGN), Domino’s Pizza Inc. (DPZ), and Dish Network Corp. (DISH). For its part, MSG Network's big challenge is loss of subscribers.
PayPal (PYPL) introduces instant transfers to bank accounts via Venmo which is likely to aid its competitive edge against the other tech giants trying to strengthen presence in the banking sector.
Guggenheim analyst Jeff Caldwell ended his bearish call on PayPal Holdings Inc. shares on Tuesday, upgrading the stock to neutral from sell. He wrote that PayPal shares have lagged the S&P 500 in recent weeks, dropping 11% since July 26 while the S&P 500 has fallen 5%. Cantwell sees a more balanced risk/reward profile as he considers macroeconomic developments. Ireland's central bank became the latest to say it would delay implementation of Strong Customer Authentication (SCA), a European regulation intended to drive more security in e-commerce payments but that is also expected to add more friction to the process of buying items online. These delays are a positive for PayPal and others, according to Cantwell, but "increasingly negative" Brexit commentary remains a headwind in his view.
President and CEO of Paypal Holdings Inc (30-Year Financial, Insider Trades) Daniel H Schulman (insider trades) sold 30,000 shares of PYPL on 08/08/2019 at an average price of $107.09 a share. Continue reading...
PayPal -owned payments app Venmo today announced support for instant transfers to U.S. bank accounts. The feature is an optional alternative to Venmo's standard bank transfer service, which typically takes one to three business days to process transactions. With Instant Transfer, however, funds from your Venmo account can hit your bank account within minutes.
The Federal Reserve got some push to build a real-time payments network from the gas station lobby and, indirectly, Facebook.
Jo Cooey Director of technology Baldwin Risk Partners What was your first computer? How did you fall in love with technology, or at least realize you wanted to make tech your career? It was built using a drag-and-drop tool, and despite the fact that a monkey could have used that software, I thought I was really tech savvy.
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider PayPal Holdings (PYPL).