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losangelesnewstoday.com February 25, 2018


PayPal Holdings, Inc. (PYPL)- Stocks Rallying on Performance Valuation

02 February 2018, 09:16 | Maryann Sutton

eBay will no longer offer PayPal, so what are you going to do now?

Telos Capital Management Inc. Sells 2203 Shares of Paypal Holdings Inc (PYPL)

Looking at the stock's movement on the chart, PayPal Holdings, Inc. recorded a 52-week high of $85.49.

As a customer, PayPal may appear to be an on-the-platform payments experience already but ever since eBay and PayPal parted ways, eBay is not control of payment processing as PayPal handles that end of the transaction. The shares have accelerated in recent weeks, with their price up about 19.92% in the past three months.

PayPal Holdings Inc's (PYPL.O) shares fell as much as 12 percent in after-hours trading on Wednesday after former parent company eBay Inc (EBAY.O) said it had signed up a new primary payment processor. "With the announcement that eBay will begin to take over payments on the marketplace from PayPal, this opens up new revenue and profit opportunities over the long term", said Sebastian. The company will now be working with Adyen to process sales.

The multinational ecommerce company said that it had partnered with Dutch payments company Adyen for its global payments processing, which would allow users to remain on eBay's website instead of being diverted to a separate PayPal screen.

The San Jose-based online payments giant reported Q4 earnings per share (EPS) of $0.55, which was $0.03 better than the Wall Street consensus estimate of $0.52.

Google's subscription-free audiobooks are now available in India
Owned by Amazon , Audible , is now heralded a leading provider of audiobooks, and is not available on Google Assistant devices . Android devices are getting offline playback of books at launch, and Google has also integrated the service with its assistant.

EBay now represents 13 per cent of transactions processed by Paypal. The Company's services facilitate transactions on its network among cardholders, merchants, financial institutions and governments. It hopes to have transitioned most of its Marketplace customers to its new payments system in 2021.

Dan Schulman, PayPal CEO, affirms the company's changing relationship with eBay is in line with company strategy and is "manageable".

EBay shares rose more than 15 percent, to as high as $46.75, as the company also got a boost from an upbeat fourth-quarter report and outlook. For years now, the main payment source eBay accepted was via PayPal.

Shares of PayPal Holdings, Inc.(NASDAQ:PYPL) have seen a movement of -0.63% in the most recent session. When eBay spun off PayPal in 2015 - something investors and analysts had urged it to do - the payments company's market value was close to $50 billion. Perhaps it was just time for both companies to move on and find greener pastures away from each other. But Ready says the company's other businesses hold more opportunity.



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