Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “outperform” rating reiterated by Wedbush in a research note issued on Friday. They currently have a $50.00 price objective on the stock. Wedbush’s price objective would indicate a potential upside of 24.78% from the stock’s previous close.
A number of other brokerages also recently issued reports on PYPL. Credit Agricole SA set a $38.00 price objective on Paypal Holdings and gave the stock a “sell” rating in a research report on Thursday, September 15th. Canaccord Genuity downgraded Paypal Holdings from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $45.00 to $40.00 in a research report on Monday. Wells Fargo & Co. cut Paypal Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 22nd. Pacific Crest reissued a “hold” rating on shares of Paypal Holdings in a research note on Friday, July 22nd. Finally, William Blair reissued an “outperform” rating on shares of Paypal Holdings in a research note on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have issued a buy rating to the company. Paypal Holdings has a consensus rating of “Hold” and an average target price of $43.68.
Shares of Paypal Holdings (NASDAQ:PYPL) traded down 1.04% on Friday, reaching $40.07. The company’s stock had a trading volume of 6,234,613 shares. Paypal Holdings has a 12 month low of $30.30 and a 12 month high of $41.75. The firm has a market cap of $47.36 billion, a price-to-earnings ratio of 36.43 and a beta of 1.13. The stock has a 50 day moving average of $38.52 and a 200-day moving average of $38.38.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the business posted $0.32 earnings per share. On average, analysts anticipate that Paypal Holdings will post $1.50 EPS for the current year.
In other news, SVP William J. Ready sold 48,963 shares of the business’s stock in a transaction on Friday, August 5th. The shares were 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 owns 56,943 shares of the company’s stock, valued at approximately $2,163,834. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Tomer Barel sold 5,862 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $37.21, for a total transaction of $218,125.02. Following the sale, the senior vice president now directly owns 27,017 shares of the company’s stock, valued at approximately $1,005,302.57. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Motley Fool Wealth Management LLC increased its stake in shares of 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 last quarter. Quantitative Systematic Strategies LLC purchased a new position in Paypal Holdings during the first quarter worth $566,000. Sadoff Investment Management LLC purchased a new position in Paypal Holdings during the first quarter worth $15,837,000. PGGM Investments purchased a new position in Paypal Holdings during the first quarter worth $39,342,000. Finally, Saddle Road Partners LLC purchased a new position in Paypal Holdings during the first quarter worth $3,578,000. 78.77% of the stock is owned by hedge funds and other 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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