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PYPL

PayPal

$77.93

-1.18 (-1.49%)

18:44
11/25/18
11/25
18:44
11/25/18
18:44

Fraud drove higher than expected losses at PayPal's Venmo, WSJ reports

PayPal's Venmo experienced a wave of payments fraud earlier this year that drove losses higher than the company expected and prompted it to shut down some user features to control the damage, Peter Rudegeair of Wall Street Journal reports. In the first three months of 2018, the digital money-transfer service recorded an operating loss of about $40M, nearly 40% larger than the loss for which the company had budgeted, Rudegeair says, citing internal documents reviewed by the Journal. He says expenses related to fraudulent transactions were a big factor. Reference Link

  • 26

    Nov

  • 18

    Dec

PYPL PayPal
$77.93

-1.18 (-1.49%)

11/15/18
11/15/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. PayPal (PYPL) initiated with an Overweight at Barclays. 2. Albemarle (ALB) initiated with a Neutral at Buckingham. 3. Galapagos NV (GLPG) initiated with a Strong Buy at Raymond James. 4. Mogo Finance (MOGO) initiated with a Buy at B. Riley FBR. 5. Altice USA (ATUS) initiated with a Buy at UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/18
LEHM
11/14/18
INITIATION
LEHM
Overweight
Barclays initiates coverage of U.S. payment processors with PayPal as top pick
As noted earlier, Barclays analyst Ramsey El-Assal initiated a group of 20 U.S. companies in the Payments, Processing, and related IT Services sector with Overweight-rated PayPal (PYPL) as his Top Pick. The analyst cites the company's "100% exposure to high-growth digital channels" along with its "clean balance sheet substantial cash position" that bring it a "strategic opportunity. El-Assal is also particularly positive on Overweight-rated WorldPay (WP) based on its strong growth potential from its exposure to "tech-enabled channels" and merger synergies, FirstData (FDC) based on the accelerating growth of its merchant channels, and Square (SQ)," whose Subscription & Services segment is blurring the lines between Payments and software". The analyst contends that the extent of being "tech-enabled" is a key differentiator in the Payments industry, assigning an Overweight rating to Alliance Data Systems (ADS), ADP (ADP), Cardtronics (CATM), Fidelity National (FIS), First Data (FDC), Fiserv (FISV), Fleetcor Technologies (FLT), Global Payments (GPN), Green Dot (GDOT), Mastercard (MA), Total System Services (TSS), Visa (V), and WEX Inc (WEX). El-Assal assigns Equal-weight ratings to EVO Payments (EVOP) and Paychex (PAYX), stating that while the companies are "solid performers" in the space, their valuation is seen as more balanced. The analyst rates MoneyGram (MGI) and Western Union (WU) at Underweight, saying that the former will struggle to re-ignite positive growth as the costs associated with regulatory scrutiny weigh on its profits and the latter will be challenged by "periodic pricing pressure eroding margins over a long period of time."
11/14/18
LEHM
11/14/18
INITIATION
Target $110
LEHM
Overweight
PayPal initiated with an Overweight at Barclays
Barclays analyst Ramsey El-Assal initiated PayPal with an Overweight and $110 price target.
10/23/18
RHCO
10/23/18
NO CHANGE
Target $32
RHCO
Hold
eBay price target lowered to $32 from $38 at SunTrust
SunTrust analyst Youssel Squali lowered his price target on eBay (EBAY) to $32 and kept his Hold rating ahead of its Q3 earnings, saying his estimates are now below consensus in terms of the expected PayPal (PYPL) gross merchandise volume growth deceleration. The analyst adds that the mid-to-high end of the company's current FY18 guidance implies Marketplace GMV acceleration in the second half of 2018, which may be "hard to achieve", while also citing the findings of his "proprietary tracking of promotional cadence".

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LANC

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AXAS

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AXAS

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DBX

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EBS

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TTWO

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I

Intelsat

$14.71

-5.68 (-27.86%)

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SQM

SQM

$23.75

-1.15 (-4.62%)

, ALB

Albemarle

$64.60

-0.68 (-1.04%)

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FMC Corporation

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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TEVA

Teva

$9.75

0.145 (1.51%)

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  • 07

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IPI

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KNX

Knight-Swift

$37.45

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14:00
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  • 13

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SPX

S&P 500

$0.00

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SPDR S&P 500 ETF Trust

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0.41 (0.13%)

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MLM

Martin Marietta

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1.18 (0.46%)

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  • 13

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DBX

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$18.52

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V

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$179.40

-0.39 (-0.22%)

, MA

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MA

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Stanley Black &…

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