PayPal Holdings, Inc. (NASDAQ:PYPL) received a $70.00 price target from stock analysts at Stifel Nicolaus in a research note issued to investors on Monday, October 16th, MarketBeat Ratings reports. The firm currently has a “hold” rating on the credit services provider’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 1.88% from the company’s current price.
Other equities research analysts have 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 upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 target price on the stock in a report on Wednesday, June 21st. BTIG Research lifted their target price on PayPal Holdings from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, June 26th. KeyCorp upgraded PayPal Holdings to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $52.00 price target on shares of PayPal Holdings in a report on Wednesday, July 5th. Nine investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.77.
PayPal Holdings (NASDAQ PYPL) opened at 71.34 on Monday. PayPal Holdings has a 52 week low of $38.06 and a 52 week high of $72.07. The company has a 50-day moving average of $65.42 and a 200 day moving average of $65.42. The firm has a market cap of $85.78 billion, a P/E ratio of 57.53 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, equities analysts predict that PayPal Holdings will post $1.87 earnings per share for the current year.
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In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were 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 $7,244,340.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William J. Ready sold 90,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the completion of the transaction, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181. The disclosure for this sale can be found here. In the last quarter, insiders have sold 261,351 shares of company stock worth $15,302,809. Corporate insiders own 6.00% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kistler Tiffany Companies LLC raised its position in PayPal Holdings by 511.9% in the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 1,684 shares during the period. Stelac Advisory Services LLC purchased a new stake in shares of PayPal Holdings in the first quarter worth $119,000. Harvest Fund Management Co. Ltd increased its stake 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 worth $154,000 after purchasing an additional 1,808 shares in the last quarter. MV Capital Management Inc. increased its stake in shares of PayPal Holdings by 7.2% in the second quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock worth $159,000 after purchasing an additional 199 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its stake 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 worth $139,000 after purchasing an additional 1,281 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.
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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