Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by investment analysts at SunTrust Banks Inc. in a research note issued to investors on Wednesday. They presently have a $45.00 target price on the stock. SunTrust Banks Inc.’s target price indicates a potential upside of 14.80% from the stock’s current price.
Several other analysts also recently issued reports on the company. Credit Suisse Group AG boosted their price target on Paypal Holdings from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, July 22nd. Robert W. Baird restated an “outperform” rating and issued a $48.00 price target on shares of Paypal Holdings in a research note on Sunday, July 24th. Royal Bank Of Canada restated a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Credit Agricole SA reiterated an “underperform” rating and set a $38.00 target price on shares of Paypal Holdings in a research report on Wednesday, June 29th. Finally, Vetr downgraded Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $40.53 target price for the company. in a research report on Monday, July 11th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.26.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 39.20 on Wednesday. The company has a 50-day moving average price of $39.36 and a 200-day moving average price of $38.45. Paypal Holdings has a 12 month low of $30.52 and a 12 month high of $41.75. The firm has a market capitalization of $46.33 billion, a price-to-earnings ratio of 35.64 and a beta of 1.10.
Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The business earned $2.65 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.32 EPS. Equities analysts forecast that Paypal Holdings will post $1.50 EPS for the current fiscal year.
In other Paypal Holdings news, SVP William J. Ready sold 26,037 shares of Paypal Holdings stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the transaction, the senior vice president now directly owns 105,906 shares of the company’s stock, valued at $4,028,664.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 44,505 shares in the company, valued at $1,818,919.35. 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 bought and sold shares of the company. Feltz Wealth PLAN Inc. bought 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 valued at approximately $120,000. Global X Management Co. LLC increased 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 valued at $126,000 after buying an additional 2,471 shares during the last quarter. Mycio Wealth Partners LLC increased 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 valued at $128,000 after buying an additional 909 shares during the last quarter. Finally, Ropes Wealth Advisors LLC increased 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 valued at $129,000 after buying an additional 2,263 shares during the last quarter. 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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