PayPal Holdings, Inc. (NASDAQ:PYPL) – Stock analysts at Wedbush reduced their Q4 2018 EPS estimates for shares of PayPal Holdings in a research report issued on Thursday. Wedbush analyst M. Katri now expects that the credit services provider will post earnings of $0.40 per share for the quarter, down from their previous estimate of $0.42. Wedbush also issued estimates for PayPal Holdings’ Q1 2019 earnings at $0.42 EPS, Q2 2019 earnings at $0.42 EPS and Q3 2019 earnings at $0.42 EPS.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the business posted $0.36 earnings per share. PayPal Holdings’s quarterly revenue was up 18.3% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Q4 2018 EPS Estimates for PayPal Holdings, Inc. Lowered by Analyst (PYPL)” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/26/q4-2018-eps-estimates-for-paypal-holdings-inc-lowered-by-analyst-pypl.html.
Other analysts also recently issued reports about the company. TheStreet raised PayPal Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 3rd. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 target price for the company in a research note on Wednesday, June 21st. BTIG Research raised their target price on PayPal Holdings from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, June 26th. KeyCorp raised PayPal Holdings to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $52.00 target price on shares of PayPal Holdings in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. PayPal Holdings currently has a consensus rating of “Buy” and a consensus target price of $65.33.
Shares of PayPal Holdings (NASDAQ PYPL) traded down 0.97% during midday trading on Monday, reaching $66.66. 5,676,629 shares of the company traded hands. PayPal Holdings has a 1-year low of $38.06 and a 1-year high of $69.61. The stock has a 50 day moving average price of $64.38 and a 200 day moving average price of $64.38. The firm has a market capitalization of $80.15 billion, a PE ratio of 53.76 and a beta of 0.98.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Stelac Advisory Services LLC acquired a new position in PayPal Holdings during the first quarter worth approximately $119,000. Archford Capital Strategies LLC increased its holdings in shares of PayPal Holdings by 65.4% in the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after purchasing an additional 1,281 shares during the period. Balentine LLC increased its holdings in shares of PayPal Holdings by 28.7% in the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after purchasing an additional 780 shares during the period. Harvest Fund Management Co. Ltd increased its holdings in shares of PayPal Holdings by 171.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 1,808 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in shares of PayPal Holdings by 5.6% in the first quarter. SRS Capital Advisors Inc. now owns 3,611 shares of the credit services provider’s stock valued at $155,000 after purchasing an additional 190 shares during the period. 82.47% of the stock is currently owned by institutional investors.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total transaction of $79,709.00. Following the transaction, the executive vice president now owns 37,492 shares of the company’s stock, valued at $2,212,028. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the transaction, the director now directly owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 261,351 shares of company stock worth $15,302,809. 6.00% of the stock is currently owned by corporate insiders.
About PayPal Holdings
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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