Vetr downgraded shares of Paypal (NASDAQ:PYPL) from a buy rating to a hold rating in a report published on Friday, November 17th. Vetr currently has $78.63 price target on the credit services provider’s stock.
Several other research firms also recently weighed in on PYPL. Canaccord Genuity reiterated a hold rating and set a $66.00 target price on shares of Paypal in a research report on Thursday, November 16th. Robert W. Baird lifted their target price on Paypal from $80.00 to $85.00 and gave the stock an outperform rating in a research report on Thursday, November 16th. Zacks Investment Research downgraded Paypal from a buy rating to a hold rating in a research report on Thursday, November 2nd. William Blair reiterated a buy rating on shares of Paypal in a research report on Friday, October 20th. Finally, Stifel Nicolaus raised their price target on Paypal from $61.00 to $70.00 and gave the company a hold rating in a research note on Sunday, October 22nd. Ten equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $73.24.
Shares of Paypal (PYPL) traded down $4.33 on Friday, reaching $70.97. The company had a trading volume of 26,279,784 shares, compared to its average volume of 7,852,294. The company has a market capitalization of $85,300.00 and a P/E ratio of 53.79. Paypal has a 12 month low of $38.65 and a 12 month high of $79.39.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Paypal 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 the consensus estimate of $3.18 billion. During the same period last year, the company earned $0.35 earnings per share. Paypal’s revenue was up 21.4% on a year-over-year basis. sell-side analysts predict that Paypal will post 1.37 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. AXA lifted its holdings in shares of Paypal by 68.4% during the third quarter. AXA now owns 382,248 shares of the credit services provider’s stock worth $24,475,000 after purchasing an additional 155,268 shares during the period. Shelton Capital Management lifted its holdings in shares of Paypal by 1.2% during the third quarter. Shelton Capital Management now owns 103,253 shares of the credit services provider’s stock worth $6,611,000 after purchasing an additional 1,205 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Paypal during the third quarter worth about $735,000. Visionary Asset Management Inc. acquired a new position in Paypal in the third quarter valued at approximately $214,000. Finally, Cambridge Financial Group Inc. acquired a new position in Paypal in the third quarter valued at approximately $7,005,000. 80.81% of the stock is owned by institutional investors and hedge funds.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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