Paypal Holdings Inc (PYPL) Upgraded to Strong-Buy at Vetr Inc.

Paypal Holdings Inc (NASDAQ:PYPL) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday. The firm presently has a $48.38 price objective on the credit services provider’s stock. Vetr‘s price target suggests a potential upside of 10.43% from the company’s current price.

Several other research firms also recently commented on PYPL. Jefferies Group LLC reissued a “buy” rating and set a $52.00 price objective on shares of Paypal Holdings in a report on Friday, January 27th. Cantor Fitzgerald reissued a “positive” rating and set a $48.00 price objective on shares of Paypal Holdings in a report on Monday, January 23rd. Guggenheim initiated coverage on shares of Paypal Holdings in a research report on Wednesday, January 4th. They set a “buy” rating and a $46.00 target price on the stock. Sanford C. Bernstein set a $44.00 target price on shares of Paypal Holdings and gave the company a “hold” rating in a research report on Sunday, January 8th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $48.00 target price on shares of Paypal Holdings in a research report on Tuesday, April 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. Paypal Holdings currently has an average rating of “Buy” and an average price target of $45.51.

Analyst Recommendations for Paypal Holdings (NASDAQ:PYPL)

Paypal Holdings (NASDAQ:PYPL) traded up 0.27% during midday trading on Tuesday, hitting $43.81. The company’s stock had a trading volume of 8,015,694 shares. Paypal Holdings has a 52-week low of $34.00 and a 52-week high of $44.52. The stock has a 50 day moving average of $42.92 and a 200 day moving average of $41.19. The company has a market cap of $52.90 billion, a PE ratio of 38.10 and a beta of 0.91.

Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, January 26th. The credit services provider reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Paypal Holdings had a net margin of 12.92% and a return on equity of 10.69%. The business earned $2.98 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s revenue was up 16.6% on a year-over-year basis. On average, equities analysts expect that Paypal Holdings will post $1.72 EPS for the current year.

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In other news, EVP Gary J. Marino sold 17,386 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $42.63, for a total transaction of $741,165.18. Following the transaction, the executive vice president now directly owns 40,740 shares in the company, valued at $1,736,746.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gary J. Marino sold 13,535 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $42.52, for a total transaction of $575,508.20. Following the completion of the sale, the executive vice president now owns 39,405 shares of the company’s stock, valued at $1,675,500.60. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. increased its stake in shares of Paypal Holdings by 36.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 236,482 shares of the credit services provider’s stock valued at $10,174,000 after buying an additional 63,394 shares during the period. Abner Herrman & Brock LLC increased its stake in shares of Paypal Holdings by 9.9% in the first quarter. Abner Herrman & Brock LLC now owns 241,791 shares of the credit services provider’s stock valued at $10,402,000 after buying an additional 21,735 shares during the period. Douglas Lane & Associates LLC increased its stake in shares of Paypal Holdings by 20.6% in the first quarter. Douglas Lane & Associates LLC now owns 577,847 shares of the credit services provider’s stock valued at $24,859,000 after buying an additional 98,738 shares during the period. Retirement Systems of Alabama increased its stake in shares of Paypal Holdings by 2.1% in the first quarter. Retirement Systems of Alabama now owns 542,864 shares of the credit services provider’s stock valued at $23,354,000 after buying an additional 10,980 shares during the period. Finally, Windward Capital Management Co. CA increased its stake in shares of Paypal Holdings by 0.5% in the first quarter. Windward Capital Management Co. CA now owns 123,970 shares of the credit services provider’s stock valued at $5,333,000 after buying an additional 576 shares during the period. Institutional investors own 81.22% of the company’s stock.

About Paypal Holdings

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.

5 Day Chart for NASDAQ:PYPL

To view Vetr’s full report, visit Vetr’s official website.

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