PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by equities researchers at Craig Hallum in a research note issued to investors on Tuesday, October 17th, The Fly reports. They presently have a $83.00 target price on the credit services provider’s stock, up from their previous target price of $67.00. Craig Hallum’s price target suggests a potential upside of 16.80% from the company’s previous close.
Several other equities analysts have also recently weighed in on PYPL. Nomura lifted their price target on PayPal Holdings from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Mizuho reiterated a “hold” rating and issued a $50.00 price target 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 from $57.00) on shares of PayPal Holdings in a research report on Friday, October 13th. Jefferies Group LLC boosted their target price on PayPal Holdings from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Barclays PLC boosted their target price on PayPal Holdings from $69.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Nine 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. PayPal Holdings presently has an average rating of “Buy” and a consensus price target of $69.77.
Shares of PayPal Holdings (NASDAQ PYPL) opened at 71.06 on Tuesday. PayPal Holdings has a 52 week low of $38.06 and a 52 week high of $71.79. The firm has a market cap of $85.44 billion, a P/E ratio of 57.31 and a beta of 0.98. The stock has a 50 day moving average of $65.42 and a 200 day moving average of $65.42.
PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same period last year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. Equities analysts forecast that PayPal Holdings will post $1.87 earnings per share for the current year.
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In related news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total value of $79,709.00. Following the transaction, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at approximately $2,212,028. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO William J. Ready sold 90,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total value of $5,332,500.00. Following the transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at $1,733,181. The disclosure for this sale can be found here. Insiders sold a total of 261,351 shares of company stock worth $15,302,809 over the last ninety days. 6.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC lifted its holdings in shares of PayPal Holdings by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,684 shares during the period. Stelac Advisory Services LLC bought a new position in shares of PayPal Holdings during the 1st quarter valued at $119,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of PayPal Holdings by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after buying an additional 1,808 shares during the period. MV Capital Management Inc. lifted its holdings in shares of PayPal Holdings by 7.2% during the 2nd quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock valued at $159,000 after buying an additional 199 shares during the period. Finally, WMS Partners LLC bought a new position in shares of PayPal Holdings during the 3rd quarter valued at $204,000. 82.18% of the stock is currently owned by hedge funds and other institutional investors.
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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