|Bid||85.00 x 800|
|Ask||85.28 x 1000|
|Day's Range||84.74 - 85.21|
|52 Week Range||58.76 - 92.35|
|PE Ratio (TTM)||50.49|
|Earnings Date||Oct 17, 2018 - Oct 22, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||96.05|
Amazon (AMZN) invested in at least six strategic firms over the four months ended July, according to CrunchBase data. The majority of the firms Amazon has recently invested in are in India, the country in which it has lined up more than $5.0 billion to grow its business.
Charter Communications (CHTR) is raising more funds that may end up in the pockets of its shareholders. The company recently said that it was selling notes maturing in 2024 to raise about $500.0 million. It said it intends to use the net proceeds from the notes sale for activities that include buying back some of its shares and paying down its outstanding debt.
Some options traders are betting shares of PayPal, Inc. ( PYPL) rise by over 7% over the next few weeks. Analysts see the payment processor’s stock rising too, by as much as 13% in the coming months. Forecasts are calling for strong earnings and revenue growth for the company over the next three years.
It’s been a stellar summer for payment processing company Square Inc. (NYSE:SQ). The company has released good news after good news, which has sent SQ stock 10% higher over the course of just 1 month.Safe Investments to Regularly Earn 12%-Plus
In April, Amazon (AMZN) said it was hiking its Prime membership fee from $99 per year to $119 per year. That move appeared to divide observers, with some expressing concern that a price hike could spark an exodus from Prime membership. Others supported a price hike that could help Amazon garner more revenues.
According to the most recent 13F for billionaire Dan Loeb's Third Point, the hedge fund has decreased its holdings from 40 to 38 while increasing its portfolio value from $13.32 billion to $14.35 billion in the last quarter. The 13F filing, submitted to the U.S. Securities and Exchange Commission ahead of the August 15th deadline, also indicates that Third Point's portfolio remains highly concentrated, with just three holdings accounting for about a third of the entire portfolio value.
Both companies are poised to benefit from the global economy's shift from cash to digital payments. Which makes for a better investment now? That's a tougher question.
PayPal (PYPL) said it appreciates Third Point’s investment in its stock. A few days before PayPal reported its second-quarter results, Third Point revealed through an investor letter that it opened a new position in PayPal in the second quarter. PayPal went on an acquisition spree in the second quarter, inking deals worth more than $2.7 billion to buy four companies.
Japanese multinational SoftBank is planning to challenge PayPal (PYPL) in the digital payments market, according to a Bloomberg report. SoftBank’s digital payment service is slated to launch in Japan first and roll out globally later. SoftBank has teamed up with India-based e-commerce and mobile payments provider Paytm to launch the PayPal challenger, the report said.
Bitcoin will continue to fall, because "there's just no value there," former PayPal CEO Bill Harris told CNBC on Tuesday. The former financial technology CEO's primary concerns about bitcoin include its slow transaction time, scaling challenges and volatility. Bitcoin will continue to fall, because "there's just no value there," former PayPal PYPL CEO Bill Harris told CNBC on Tuesday.
Investors aren’t quite sure what to make of financial stocks right now. Rising interest rates generally prove a boon for financial stocks, but if turmoil in Turkey turns into an outright contagion that infects the rest of the world, it’s unlikely any sector would be spared regardless of the backdrop. Then again, for investors who are truly part of the buy-and-hold crowd, the news-driven swings don’t really matter.
Square Cash had 33.5 million total downloads as of July, whereas Venmo had 32.9 million, according to Instinet.
Square’s stock (SQ) reached an all-time high of $75.15 today on reports that downloads of its mobile-payment service Cash App passed PayPal Holdings' (PYPL) Venmo for the first time in July. Nomura Instinet and Sensor Tower are reporting that Cash App's total downloads, at 33.5 million, edged past Venmo’s (32.9 million) because Square's service grew three times faster in July. Cash App is expected to contribute $30 million to $40 million—roughly 2% to 3% of Square's adjusted net revenue—in 2018, says Nomura analyst Dan Dolev.
Nomura Instinet expects Square Inc.’s ( SQ) Cash App to top $100 million in sales by 2020 as it dominates rivals like PayPal’s ( PYPL) Venmo. Cumulative downloads of Square’s Cash App have surpassed those of Venmo for the first time ever, according to data from Nomura and Sensor Tower. Now, Cash App has 33.5 million downloads to Venmo's 32.9 million.
PayPal (PYPL) has partnered with India-based multinational lender HDFC Bank in a move that could help accelerate its expansion in the Indian market. PayPal’s launch of domestic services in India came a few months after Alphabet’s (GOOGL) Google launched an India-specific mobile payment service called Tez, a PayPal rival.
Square's stock is poised for further upside now that cumulative downloads of its Square Cash app have surpassed those of Paypal's Venmo for the first time, according to Nomura Instinet.
PayPal’s (PYPL) board of directors has approved a new stock repurchase program totaling $10 billion. PayPal has $2.7 billion remaining under its previous repurchase program. Together with the new program, PayPal has lined up a $12.7 billion payout for its shareholders.
Shares of Square Inc. (sq) are up 1.8% in premarket trading Tuesday after Instinet analyst Dan Dolev raised his price target to $86 from $82. Dolev is upbeat about Square's peer-to-peer Cash app, which he said now has more cumulative downloads than PayPal Holdings Inc.'s (pypl) Venmo. Through his analysis of downloads, he estimates the Square Cash is growing three times faster than Venmo.
PayPal’s (PYPL) capital allocation strategy has three main pillars, according to the company’s chief financial officer, John Rainey. In terms of acquisitions, PayPal has been a more active dealmaker in recent months. The company announced four acquisition deals in the second quarter, which is twice as many deals as it inked in all of 2017.