Jefferies Group restated their buy rating on shares of Paypal Holdings Inc. (NASDAQ:PYPL) in a research note issued to investors on Wednesday morning. The brokerage currently has a $48.00 target price on the stock.
A number of other equities research analysts have also issued reports on PYPL. Vetr raised Paypal Holdings from a buy rating to a strong-buy rating and set a $44.52 price target for the company in a research note on Tuesday, October 11th. Deutsche Bank AG raised their price target on Paypal Holdings from $44.00 to $52.00 and gave the stock a buy rating in a research note on Tuesday, October 11th. Nomura reissued a buy rating and set a $54.00 price target on shares of Paypal Holdings in a research note on Wednesday, October 5th. Sanford C. Bernstein reissued a market perform rating and set a $41.00 price target on shares of Paypal Holdings in a research note on Wednesday, October 5th. Finally, Zacks Investment Research lowered Paypal Holdings from a hold rating to a sell rating in a research note on Saturday, September 24th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $44.40.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 39.48 on Wednesday. The stock has a 50 day moving average price of $39.46 and a 200-day moving average price of $38.45. The stock has a market capitalization of $46.67 billion, a PE ratio of 35.89 and a beta of 1.09. Paypal Holdings has a 1-year low of $30.52 and a 1-year high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The business earned $2.65 billion during the quarter, compared to analyst estimates of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same period last year, the company earned $0.32 EPS. On average, analysts forecast that Paypal Holdings will post $1.50 earnings per share for the current year.
In other Paypal Holdings news, SVP William J. Ready sold 48,963 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $38.00, for a total transaction of $1,860,594.00. Following the completion of the sale, the senior vice president now directly owns 56,943 shares in the company, valued at approximately $2,163,834. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Tomer Barel sold 5,862 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value of $218,125.02. Following the sale, the senior vice president now owns 27,017 shares of the company’s stock, valued at $1,005,302.57. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Feltz Wealth PLAN Inc. purchased a new stake in Paypal Holdings during the second quarter valued at approximately $100,000. SevenBridge Financial Group LLC bought a new stake in Paypal Holdings during the second quarter worth about $120,000. Global X Management Co. LLC raised its stake in Paypal Holdings by 253.7% in the second quarter. Global X Management Co. LLC now owns 3,445 shares of the company’s stock worth $126,000 after buying an additional 2,471 shares during the period. Mycio Wealth Partners LLC raised its stake in Paypal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock worth $128,000 after buying an additional 909 shares during the period. Finally, Ropes Wealth Advisors LLC raised its stake in Paypal Holdings by 179.6% in the second quarter. Ropes Wealth Advisors LLC now owns 3,523 shares of the company’s stock worth $129,000 after buying an additional 2,263 shares during the period. Institutional investors own 78.60% of the company’s stock.
About Paypal Holdings
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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