PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reiterated by equities research analysts at BTIG Research in a research report issued on Thursday. They currently have a $24.00 price objective on the stock. BTIG Research’s target price points to a potential downside of 42.68% from the company’s previous close.
A number of other analysts have also issued reports on the stock. BMO Capital Markets started coverage on shares of PayPal Holdings in a research note on Thursday, January 5th. They issued an “outperform” rating and a $47.00 price target for the company. Stifel Nicolaus upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $49.00 in a research note on Friday, October 21st. Deutsche Bank AG restated a “buy” rating and issued a $52.00 price target on shares of PayPal Holdings in a research note on Friday, October 21st. Zacks Investment Research lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 27th. Finally, Berenberg Bank started coverage on shares of PayPal Holdings in a research note on Tuesday, January 10th. They issued a “buy” rating and a $51.00 price target for the company. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. PayPal Holdings has an average rating of “Buy” and an average target price of $45.49.
Shares of PayPal Holdings (NASDAQ:PYPL) traded up 0.2147% during mid-day trading on Thursday, reaching $41.9599. 866,536 shares of the company were exchanged. The company’s 50-day moving average is $40.80 and its 200 day moving average is $39.85. PayPal Holdings has a 12 month low of $33.81 and a 12 month high of $44.52. The firm has a market capitalization of $50.67 billion, a price-to-earnings ratio of 36.4869 and a beta of 0.91.
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PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The business earned $2.98 billion during the quarter, compared to analyst estimates of $2.98 billion. PayPal Holdings had a net margin of 12.92% and a return on equity of 10.69%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Analysts predict that PayPal Holdings will post $1.72 EPS for the current year.
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In related news, EVP Gary J. Marino sold 1,729 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $39.29, for a total value of $67,932.41. Following the completion of the sale, the executive vice president now owns 44,802 shares of the company’s stock, valued at $1,760,270.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Suntrust Banks Inc. boosted its stake in shares of PayPal Holdings by 61.8% in the third quarter. Suntrust Banks Inc. now owns 94,337 shares of the company’s stock valued at $3,863,000 after buying an additional 36,030 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of PayPal Holdings during the second quarter valued at approximately $25,340,000. BlackRock Institutional Trust Company N.A. boosted its stake in shares of PayPal Holdings by 2.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 28,942,634 shares of the company’s stock valued at $1,185,780,000 after buying an additional 792,841 shares during the period. Marcus Capital LLC boosted its stake in shares of PayPal Holdings by 0.7% in the third quarter. Marcus Capital LLC now owns 52,800 shares of the company’s stock valued at $2,163,000 after buying an additional 375 shares during the period. Finally, Greenbrier Partners Capital Management LLC boosted its stake in shares of PayPal Holdings by 25.0% in the third quarter. Greenbrier Partners Capital Management LLC now owns 500,000 shares of the company’s stock valued at $20,485,000 after buying an additional 100,000 shares during the period. 81.22% of the stock is owned by institutional investors and hedge funds.
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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