PayPal Holdings, Inc. (NASDAQ:PYPL) had its price objective increased by Barclays PLC from $69.00 to $75.00 in a research note published on Wednesday morning, MarketBeat.com reports. Barclays PLC currently has an overweight rating on the credit services provider’s stock.
A number of other research firms have also recently commented on PYPL. Credit Suisse Group reissued an outperform rating and issued a $70.00 target price (up from $63.00) on shares of PayPal Holdings in a research note on Tuesday, October 10th. Sanford C. Bernstein raised PayPal Holdings from a market perform rating to an outperform rating and increased their target price for the stock from $46.00 to $61.00 in a research note on Monday, July 10th. Stephens reissued 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 reissued a hold rating and issued a $49.00 target price on shares of PayPal Holdings in a research note on Wednesday, July 12th. Finally, Citigroup Inc. increased their target price on PayPal Holdings to $77.00 and gave the stock a buy rating in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. PayPal Holdings has a consensus rating of Buy and a consensus price target of $64.54.
PayPal Holdings (NASDAQ:PYPL) opened at 68.66 on Wednesday. The company has a market capitalization of $82.56 billion, a PE ratio of 55.37 and a beta of 0.98. PayPal Holdings has a 52 week low of $38.06 and a 52 week high of $69.61. The firm’s 50-day moving average price is $64.38 and its 200 day moving average price is $64.38.
PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that PayPal Holdings will post $1.84 earnings per share for the current fiscal year.
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In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the completion of the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the transaction, the director now 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 a total of 261,351 shares of company stock valued at $15,302,809 in the last 90 days. 6.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. Thompson Davis & CO. Inc. grew its holdings in PayPal Holdings by 36.7% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after buying an additional 649 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in PayPal Holdings by 2.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 137,356 shares of the credit services provider’s stock valued at $5,909,000 after buying an additional 2,983 shares in the last quarter. Telos Capital Management Inc. grew its holdings in PayPal Holdings by 0.9% during the 1st quarter. Telos Capital Management Inc. now owns 45,460 shares of the credit services provider’s stock valued at $1,956,000 after buying an additional 395 shares in the last quarter. Lindsell Train Ltd grew its holdings in PayPal Holdings by 3.8% during the 1st quarter. Lindsell Train Ltd now owns 6,281,983 shares of the credit services provider’s stock valued at $270,251,000 after buying an additional 232,200 shares in the last quarter. Finally, Norinchukin Bank The grew its holdings in PayPal Holdings by 4.4% during the 1st quarter. Norinchukin Bank The now owns 130,503 shares of the credit services provider’s stock valued at $5,614,000 after buying an additional 5,462 shares in the last quarter. Institutional investors and hedge funds own 82.47% 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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