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Thursday, May 19, 2022

PayPal Holdings, Inc. (PYPL) Stock Bouncing Back after a Steep Decline, Here’s the Reason

PayPal Holdings, Inc. (PYPL), a digital payments company, closed Monday’s regular trading session at $116.17 after gaining an increase of 2.12% during the day. Hours ago, PYPL stock plunged 10.25% in the aftermarket trading session but is regaining the lost momentum, as it had slid 0.36% and consequently was trading at $115.75 when last checked. The latest release from PayPal was regarding the access for merchants to Post Purchase Services.


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Easy Access to Post Purchase Services

On Monday, PYPL announced that it was enabling the merchants to use exchange portal software and Happy Returns software without bearing any additional costs. The services, however, are merely available to those merchants who offer PayPal checkout. The company also announced it had partnered with Ulta Beauty. The partnership would result in an increase in the total number of return bar locations for Happy Returns to more than 5000.

Mini-Tender Offer from Tutanota LLC

 On 25th February, PYPL announced that it had been notified of a mini-tender offer for the purchase of up to 360,000 shares of the company’s stock. The offer is made by Tutanota LLC. However, the offer represents less than one percent of the outstanding common stock of PayPal. Tutanota LLC said that it would extend the said offer for a period of 45 up to 180 days.

PYPL Q4 & FY 2021 Results

In early February, PYPL announced the financial results for Q4 and FY 2021. The net revenue for the period was $6.9 billion after seeing a year-over-year change of 13%. The GAAP operating income for the period was $1.1 billion (or EPS of $0.68), depicting a year-per-year change of 9%. For FY 2021, total revenue of $25.4 billion was generated, showing a year-over-year increase of 17%. The GAAP operating income for the year was $4.3 billion (or EPS of $3.52), an year-over-year change of 30%.

What’s Coming Up for PYPL?

Looking ahead, analysts are of the view that despite being in a falling trend, short-term signals are pointing in a positive direction for PYPL stock. Therefore, at the current level, the stock holds a buying opportunity for investors.

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