PayPal Holdings, Inc. (NASDAQ:PYPL) had its price objective increased by stock analysts at BTIG Research from $53.00 to $63.00 in a report issued on Monday. The firm presently has a “buy” rating on the credit services provider’s stock. BTIG Research’s price target indicates a potential upside of 15.96% from the company’s current price.
Several other equities analysts have also weighed in on PYPL. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 price objective on the stock in a research report on Wednesday, June 21st. Stephens reaffirmed an “overweight” rating and set a $59.00 price target (up from $51.00) on shares of PayPal Holdings in a research report on Monday, June 19th. Robert W. Baird reaffirmed an “outperform” rating and set a $59.00 price target (up from $54.00) on shares of PayPal Holdings in a research report on Saturday, June 3rd. BidaskClub lowered shares of PayPal Holdings from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Instinet reaffirmed a “buy” rating and set a $54.00 price target on shares of PayPal Holdings in a research report on Friday, May 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $51.37.
PayPal Holdings (PYPL) opened at 54.33 on Monday. PayPal Holdings has a 12-month low of $34.00 and a 12-month high of $55.14. The company has a market cap of $65.26 billion, a P/E ratio of 46.44 and a beta of 0.95. The stock’s 50 day moving average is $51.11 and its 200-day moving average is $44.20.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. PayPal Holdings had a net margin of 12.60% and a return on equity of 10.78%. PayPal Holdings’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. Analysts predict that PayPal Holdings will post $1.78 earnings per share for the current fiscal year.
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In related news, Director Gail J. Mcgovern sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $53.97, for a total value of $97,146.00. Following the completion of the transaction, the director now owns 12,647 shares in the company, valued at approximately $682,558.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gary J. Marino sold 1,350 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the completion of the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,685 shares of company stock valued at $743,502. 6.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Thompson Davis & CO. Inc. raised its position in shares of PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares during the period. Crestwood Advisors Group LLC acquired a new position in shares of PayPal Holdings during the first quarter worth about $106,000. Carroll Financial Associates Inc. raised its position in shares of PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares during the period. Stelac Advisory Services LLC acquired a new position in shares of PayPal Holdings during the first quarter worth about $119,000. Finally, West Oak Capital LLC raised its position in shares of PayPal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock worth $123,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.
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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