PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reiterated by stock analysts at BTIG Research in a research report issued on Wednesday, September 6th. They currently have a $70.00 price objective on the credit services provider’s stock, up from their previous price objective of $63.00. BTIG Research’s target price suggests a potential upside of 12.00% from the stock’s previous close.
A number of other brokerages have also weighed in on PYPL. Sanford C. Bernstein raised shares of PayPal Holdings from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $46.00 to $61.00 in a research note on Monday, July 10th. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 target price for the company in a research note on Wednesday, May 17th. Stephens reaffirmed an “overweight” rating and issued a $59.00 target price (up from $51.00) on shares of PayPal Holdings in a research note on Monday, June 19th. Loop Capital reaffirmed a “hold” rating and issued a $49.00 target price on shares of PayPal Holdings in a research note on Wednesday, July 12th. Finally, Barclays PLC upped their target price on shares of PayPal Holdings from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Eleven research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $60.54.
Shares of PayPal Holdings (NASDAQ PYPL) traded up 0.42% on Wednesday, hitting $62.50. The company’s stock had a trading volume of 9,940,945 shares. The firm has a market cap of $75.15 billion, a PE ratio of 50.40 and a beta of 0.98. The company has a 50 day moving average of $62.40 and a 200 day moving average of $53.58. PayPal Holdings has a 1-year low of $38.06 and a 1-year high of $63.26.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. Equities analysts forecast that PayPal Holdings will post $1.84 EPS for the current year.
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In other news, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $54.03, for a total transaction of $72,994.53. Following the completion of the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at $2,025,638.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the transaction, the director now directly owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. Insiders have sold 262,702 shares of company stock valued at $15,375,804 in the last ninety days. Insiders own 6.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of PayPal Holdings by 36.1% during the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after acquiring an additional 21,814,940 shares during the last quarter. Vanguard Group Inc. raised its stake in PayPal Holdings by 2.8% during the second quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock worth $4,173,311,000 after buying an additional 2,115,017 shares during the last quarter. BlackRock Inc. raised its stake in PayPal Holdings by 4.7% during the second quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock worth $3,377,936,000 after buying an additional 2,835,027 shares during the last quarter. Edgewood Management LLC raised its stake in PayPal Holdings by 3.7% during the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock worth $798,817,000 after buying an additional 663,087 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in PayPal Holdings by 15.4% during the first quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock worth $637,263,000 after buying an additional 1,982,305 shares during the last quarter. 82.55% of the stock is owned by hedge funds and other institutional investors.
PayPal Holdings Company Profile
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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