Key Points
- PayPalʻs stock price is up nearly 480% since it went public in 2015.
- It is the largest online payment platform with over 403 million active users.
- The company expects to almost double its number of users by 2025.
PayPal, a pioneer in online payments, has an interesting history with roots that date back to 1999 when none other than Elon Musk ran the company that would become PayPal. In 2002, PayPal went public at $13 per share, but its time as a public company was short-lived as eBay bought it later that same year.
But PayPal would again become a public company in 2015 when it was spun off from eBay. PayPal began trading on the Nasdaq Stock Exchange on July 20, 2015, at about $41 per share. More than six years later, it has pretty much been on a rocket ship, with a total return of around 480% and an annualized return of roughly 31%, as of Oct. 28. The stock is currently trading at around $233 per share and, as the leader in the growing mobile payments industry, it should continue its robust growth. The good news for folks that don’t have the capital to buy shares of this stock right now is that they can invest in PayPal for the cost of a penny stock through fractional shares investing.
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