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Fly News Breaks for January 15, 2020
Jan 15, 2020 | 08:48 EDT
BofA analyst Jason Kupferberg said he sees modest upside potential to his revenue and non-GAAP EPS estimates for PayPal (PYPL) based on the firm's proprietary U.S. debit and credit card e-commerce spending data, which leaves him anticipating robust volume trends excluding eBay (EBAY). While the Honey acquisition will be added into 2020 guidance, he doesn't expect material changes to PayPal's initial underlying outlook, added Kupferberg, who maintains a Buy rating and $127 price target on PayPal shares ahead of the company's Q4 report on January 29.
News For PYPL From the Last 2 Days
Feb 14, 2020 | 14:03 EST
Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of December 31, 2019. The fund's five new buys during the fourth quarter included, by size of position, PayPal (PYPL), Alphabet Class A (GOOGL), Cardlytics (CDLX), XP Inc. Class A (XP), and (BILL). Tiger exited 16 positions during the quarter, including by size of previous position Fiat Chrysler (FCAU), MercadoLibre (MELI), Wayfair (W), Switch (SWCH), and Beyond Meat (BYND). The fund increased its stake in 15 holdings, including by size of previous position Uber (UBER), Elastic (ESTC), Pinduoduo (PDD), MongoDB (MDB), and RingCentral (RNG). Tiger reduced its stake in 17 holdings, including by size of previous position Alibaba (BABA), Microsoft (MSFT), Facebook Class A (FB), Salesforce (CRM), and Adobe (ADBE). The fund's top holdings as of December 31, in order of size, were Class A (JD), Apollo Global (APO), Microsoft, Facebook, and TransDigm (TDG).