PayPal Holdings, Inc. (NASDAQ:PYPL) had its price objective upped by Nomura from $68.00 to $75.00 in a research note released on Monday, October 16th. The firm currently has a buy rating on the credit services provider’s stock.
A number of other research analysts have also weighed in on the company. Mizuho restated a hold rating and set a $50.00 price objective on shares of PayPal Holdings in a research report on Sunday, October 15th. Piper Jaffray Companies reiterated a neutral rating and issued a $68.00 price target (up previously from $57.00) on shares of PayPal Holdings in a research report on Friday, October 13th. Jefferies Group LLC lifted their price target on PayPal Holdings from $70.00 to $80.00 and gave the stock a buy rating in a research report on Friday, October 13th. Barclays PLC lifted their price target on PayPal Holdings from $69.00 to $75.00 and gave the stock an overweight rating in a research report on Wednesday, October 11th. Finally, Morgan Stanley upgraded PayPal Holdings from an equal weight rating to an overweight rating and lifted their price target for the stock from $62.00 to $76.00 in a research report on Wednesday, October 11th. Nine investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. PayPal Holdings currently has an average rating of Buy and an average price target of $69.77.
Shares of PayPal Holdings (NASDAQ PYPL) opened at 71.34 on Monday. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $72.07. The company has a market capitalization of $85.78 billion, a P/E ratio of 57.53 and a beta of 0.98. The company’s 50 day moving average price is $65.42 and its 200 day moving average price is $65.42.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. Analysts expect that PayPal Holdings will post $1.87 EPS for the current fiscal year.
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In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the sale, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the completion of the sale, the director now owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 261,351 shares of company stock valued at $15,302,809. Insiders own 6.00% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in PYPL. Neville Rodie & Shaw Inc. raised its holdings in PayPal Holdings by 5.1% in the 1st quarter. Neville Rodie & Shaw Inc. now owns 259,739 shares of the credit services provider’s stock valued at $11,173,000 after acquiring an additional 12,516 shares during the last quarter. Levin Capital Strategies L.P. acquired a new stake in PayPal Holdings in the 1st quarter valued at about $301,000. Airain ltd acquired a new stake in PayPal Holdings in the 1st quarter valued at about $390,000. Ingalls & Snyder LLC raised its holdings in PayPal Holdings by 31.6% in the 1st quarter. Ingalls & Snyder LLC now owns 354,107 shares of the credit services provider’s stock valued at $15,234,000 after acquiring an additional 84,966 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in PayPal Holdings by 76.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 227,017 shares of the credit services provider’s stock valued at $9,766,000 after acquiring an additional 98,159 shares during the last quarter. Institutional investors own 82.18% of the company’s stock.
PayPal Holdings Company Profile
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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