Paypal Holdings Inc. (NASDAQ:PYPL) had its price objective lifted by Deutsche Bank AG from $44.00 to $52.00 in a report released on Tuesday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s target price suggests a potential upside of 31.55% from the company’s previous close.
A number of other equities research analysts have also weighed in on PYPL. Piper Jaffray Cos. reiterated an “underweight” rating and set a $34.00 price objective on shares of Paypal Holdings in a report on Tuesday, June 14th. Morgan Stanley reiterated a “hold” rating and set a $40.00 price objective on shares of Paypal Holdings in a report on Tuesday, June 14th. Oppenheimer Holdings Inc. initiated coverage on shares of Paypal Holdings in a report on Thursday, June 16th. They set an “outperform” rating and a $42.00 price objective for the company. Credit Agricole SA reiterated an “underperform” rating and set a $38.00 price objective on shares of Paypal Holdings in a report on Wednesday, June 29th. Finally, Jefferies Group reiterated a “buy” rating on shares of Paypal Holdings in a report on Tuesday, July 5th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.26.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 39.53 on Tuesday. The stock has a market cap of $46.72 billion, a PE ratio of 35.94 and a beta of 1.10. Paypal Holdings has a 12-month low of $30.52 and a 12-month high of $41.75. The stock’s 50 day moving average is $39.31 and its 200-day moving average is $38.45.
Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The company earned $2.65 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the business posted $0.32 EPS. Equities analysts expect that Paypal Holdings will post $1.50 EPS for the current year.
In other news, EVP Gary J. Marino sold 1,726 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $40.87, for a total value of $70,541.62. Following the completion of the sale, the executive vice president now directly owns 44,505 shares in the company, valued at $1,818,919.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP William J. Ready sold 26,037 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total transaction of $990,447.48. Following the completion of the sale, the senior vice president now owns 105,906 shares of the company’s stock, valued at $4,028,664.24. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of PYPL. Gradient Investments LLC boosted its stake in shares of Paypal Holdings by 0.6% in the third quarter. Gradient Investments LLC now owns 8,432 shares of the company’s stock worth $345,000 after buying an additional 54 shares during the period. Assetmark Inc. boosted its stake in shares of Paypal Holdings by 2.5% in the second quarter. Assetmark Inc. now owns 3,548 shares of the company’s stock worth $130,000 after buying an additional 88 shares during the period. Quadrant Capital Management LLC boosted its stake in shares of Paypal Holdings by 0.3% in the second quarter. Quadrant Capital Management LLC now owns 27,968 shares of the company’s stock worth $1,021,000 after buying an additional 90 shares during the period. Parsons Capital Management Inc. RI boosted its stake in shares of Paypal Holdings by 0.3% in the second quarter. Parsons Capital Management Inc. RI now owns 32,090 shares of the company’s stock worth $1,172,000 after buying an additional 92 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in shares of Paypal Holdings by 0.9% in the third quarter. Raymond James Trust N.A. now owns 11,843 shares of the company’s stock worth $486,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 78.77% of the company’s stock.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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