PayPal Holdings, Inc. (PYPL) Rating Reiterated by BTIG Research

PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating restated by equities research analysts at BTIG Research in a note issued to investors on Thursday. They presently have a $24.00 price target on the stock. BTIG Research’s price objective indicates a potential downside of 42.68% from the company’s current price.

Several other research analysts also recently issued reports on PYPL. Sanford C. Bernstein set a $44.00 price target on PayPal Holdings and gave the stock a “hold” rating in a research note on Sunday, January 8th. Wedbush reaffirmed an “outperform” rating on shares of PayPal Holdings in a research note on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and set a $52.00 price target on shares of PayPal Holdings in a research note on Saturday, January 14th. Guggenheim assumed coverage on PayPal Holdings in a research note on Wednesday, January 4th. They set a “buy” rating and a $46.00 price target for the company. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $48.00 price target on shares of PayPal Holdings in a research note on Saturday, October 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.49.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

PayPal Holdings (NASDAQ:PYPL) traded up 0.394% on Thursday, reaching $42.035. 563,472 shares of the company’s stock were exchanged. PayPal Holdings has a 1-year low of $33.81 and a 1-year high of $44.52. The company has a market capitalization of $50.76 billion, a PE ratio of 36.552 and a beta of 0.91. The company has a 50 day moving average price of $40.80 and a 200-day moving average price of $39.85.

This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://zolmax.com/investing/paypal-holdings-inc-pypl-rating-reiterated-by-btig-research-2/1206582.html

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business earned $2.98 billion during the quarter, compared to the consensus estimate of $2.98 billion. PayPal Holdings had a return on equity of 10.69% and a net margin of 12.92%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 EPS. On average, equities research analysts anticipate that PayPal Holdings will post $1.72 earnings per share for the current year.

This piece of content was first published by Zolmax and is the sole property of of Zolmax. If you are viewing this piece of content on another website, it was illegally stolen and republished in violation of United States and international copyright laws. The legal version of this piece of content can be viewed at https://zolmax.com/investing/paypal-holdings-inc-pypl-rating-reiterated-by-btig-research-2/1206582.html.

In related news, EVP Gary J. Marino sold 1,729 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $39.29, for a total transaction of $67,932.41. Following the transaction, the executive vice president now directly owns 44,802 shares of the company’s stock, valued at approximately $1,760,270.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in PYPL. Price T Rowe Associates Inc. MD raised its position in PayPal Holdings by 128.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 76,139,003 shares of the company’s stock valued at $3,119,415,000 after buying an additional 42,783,928 shares during the period. Lone Pine Capital LLC bought a new position in PayPal Holdings during the fourth quarter valued at approximately $493,348,000. M&T Bank Corp raised its position in PayPal Holdings by 394.9% in the third quarter. M&T Bank Corp now owns 8,809,522 shares of the company’s stock valued at $360,926,000 after buying an additional 7,029,543 shares during the period. Fundsmith LLP raised its position in PayPal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock valued at $361,309,000 after buying an additional 5,276,062 shares during the period. Finally, Coatue Management LLC raised its position in PayPal Holdings by 107.1% in the second quarter. Coatue Management LLC now owns 8,983,256 shares of the company’s stock valued at $327,979,000 after buying an additional 4,645,171 shares during the period. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:PYPL

Receive News & Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Intuitive Surgical’s  Buy Rating Reaffirmed at Barclays PLC
Intuitive Surgical’s Buy Rating Reaffirmed at Barclays PLC
Norges Bank Acquires Shares of 521,077 Ryder System, Inc.
Norges Bank Acquires Shares of 521,077 Ryder System, Inc.
Teachers Retirement System of The State of Kentucky Sells 900 Shares of Minerals Technologies Inc
Teachers Retirement System of The State of Kentucky Sells 900 Shares of Minerals Technologies Inc
Care Capital Properties Inc  Position Boosted by Thrivent Financial for Lutherans
Care Capital Properties Inc Position Boosted by Thrivent Financial for Lutherans
Putnam Investments LLC Has $436,000 Position in Fifth Third Bancorp
Putnam Investments LLC Has $436,000 Position in Fifth Third Bancorp
Thrivent Financial for Lutherans Buys 1,510 Shares of Activision Blizzard, Inc.
Thrivent Financial for Lutherans Buys 1,510 Shares of Activision Blizzard, Inc.


Leave a Reply

 
© 2006-2017 Zolmax.