Paypal Holdings Inc. (NASDAQ:PYPL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday.
According to Zacks, “PayPal Holdings, Inc. is a technology platform company. The Company offers online payment solution which allows customers to pay and get paid, withdraw funds to their bank accounts and hold balances in their PayPal accounts in various currencies. It payment platform includes PayPal, PayPal Credit, Venmo and Braintree products. PayPal Holdings, Inc. is based in San Jose, California. “
Other research analysts have also issued reports about the company. Jefferies Group restated a “buy” rating on shares of Paypal Holdings in a research report on Tuesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and set a $44.00 target price on shares of Paypal Holdings in a report on Tuesday, June 28th. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a report on Saturday, June 4th. Vetr lowered Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $40.53 target price on the stock. in a report on Monday, July 11th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Paypal Holdings in a report on Tuesday, July 12th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $43.68.
Paypal Holdings (NASDAQ:PYPL) opened at 40.07 on Friday. Paypal Holdings has a one year low of $30.30 and a one year high of $41.75. The stock’s 50 day moving average price is $38.52 and its 200-day moving average price is $38.38. The firm has a market cap of $47.36 billion, a price-to-earnings ratio of 36.43 and a beta of 1.13.
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the company earned $0.32 EPS. Analysts forecast that Paypal Holdings will post $1.50 earnings per share for the current year.
In related news, SVP Tomer Barel sold 5,862 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 27,017 shares in the company, valued at $1,005,302.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William J. Ready sold 26,037 shares of the 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 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. Insiders own 7.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of PYPL. Rehmann Capital Advisory Group increased its stake in Paypal Holdings by 1.1% in the first quarter. Rehmann Capital Advisory Group now owns 7,730 shares of the company’s stock worth $298,000 after buying an additional 84 shares during the last quarter. Assetmark Inc. increased its stake in 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 last quarter. Quadrant Capital Management LLC increased its stake in 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 last quarter. Parsons Capital Management Inc. RI increased its stake in 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 last quarter. Finally, Trust Co. of Vermont increased its stake in Paypal Holdings by 0.7% in the second quarter. Trust Co. of Vermont now owns 14,613 shares of the company’s stock worth $534,000 after buying an additional 106 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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