Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “market perform” rating reaffirmed by investment analysts at Sanford C. Bernstein in a research note issued to investors on Wednesday. They presently have a $41.00 target price on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 2.04% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal Holdings in a research note on Saturday, July 9th. Vetr lowered Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $40.53 price target on the stock. in a research note on Monday, July 11th. Jefferies Group reissued a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 5th. Deutsche Bank AG reissued a “buy” rating and set a $44.00 price target on shares of Paypal Holdings in a research note on Tuesday, June 28th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-one have given a buy rating to the company’s stock. Paypal Holdings has an average rating of “Hold” and a consensus price target of $43.95.
Paypal Holdings (NASDAQ:PYPL) opened at 40.30 on Wednesday. The company’s 50-day moving average price is $39.13 and its 200-day moving average price is $38.47. Paypal Holdings has a 12 month low of $30.52 and a 12 month high of $41.75. The stock has a market cap of $47.63 billion, a P/E ratio of 36.64 and a beta of 1.10.
Paypal Holdings (NASDAQ:PYPL) last posted its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the company earned $0.32 EPS. Equities analysts forecast that Paypal Holdings will post $1.50 earnings per share for the current year.
In other news, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the sale, the executive vice president now owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Tomer Barel sold 5,862 shares of Paypal Holdings stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $37.21, for a total value of $218,125.02. Following the sale, the senior vice president now directly owns 27,017 shares in the company, valued at approximately $1,005,302.57. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Motley Fool Wealth Management LLC boosted its stake in Paypal Holdings by 3.6% in the first quarter. Motley Fool Wealth Management LLC now owns 199,224 shares of the company’s stock worth $7,690,000 after buying an additional 6,930 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in Paypal Holdings during the first quarter worth $1,726,000. Marcus Capital LLC acquired a new stake in Paypal Holdings during the first quarter worth $2,052,000. Nikko Asset Management Americas Inc. acquired a new stake in Paypal Holdings during the first quarter worth $324,000. Finally, Columbia Partners L L C Investment Management boosted its stake in Paypal Holdings by 0.8% in the first quarter. Columbia Partners L L C Investment Management now owns 42,294 shares of the company’s stock worth $1,632,000 after buying an additional 322 shares during the period. 78.77% of the stock is currently owned by institutional investors.
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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