PYPL ARK Invest sold PYPL ahead of Earnings

1 בפבר׳ 2022

Yesterday Ark Invest sold more than 23K shares of PYPL just before the upcoming earnings this week.
Most likely today will do the same, since they tend to continue a buy or a sell trend.
The options are slightly bearish too, with more puts than buys recently.

PayPal (PYPL) is expected to earn $1.12 a share on sales of $6.89 billion.

With the rise of so many payment companies with low fees, and also banks who want to keep up with the new fintech, i wonder how PayPal can still have such a high PE Ratio (TTM) of 41.34!

My day to day experience with PayPal as a merchant makes me consider it an extremely expensive way of payment compared to others.

Considering the chart, fundamentals and current market conditions, my price target is $124.

Looking forward to read your opinion about it.