Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have earned an average recommendation of “Buy” from the forty-six ratings firms that are currently covering the stock, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $72.70.
PYPL has been the subject of a number of analyst reports. Zacks Investment Research cut PayPal Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Morgan Stanley lifted their price objective on PayPal Holdings from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Robert W. Baird reissued a “buy” rating and issued a $80.00 target price (up from $65.00) on shares of PayPal Holdings in a research note on Friday, October 20th. Bank of America Corporation reissued a “buy” rating and issued a $78.00 target price (up from $71.00) on shares of PayPal Holdings in a research note on Friday, October 6th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of PayPal Holdings in a research note on Tuesday, September 5th.
Several institutional investors have recently bought and sold shares of PYPL. San Francisco Sentry Investment Group CA lifted its position in shares of PayPal Holdings by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after buying an additional 1,217 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PayPal Holdings during the 3rd quarter worth approximately $113,000. Kistler Tiffany Companies LLC lifted its position 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 worth $129,000 after buying an additional 1,684 shares in the last quarter. Archford Capital Strategies LLC lifted its position in shares of PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after buying an additional 1,281 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its position 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 worth $154,000 after buying an additional 1,808 shares in the last quarter. 83.08% of the stock is currently owned by hedge funds and other institutional investors.
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PayPal Holdings (NASDAQ PYPL) opened at $76.38 on Friday. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $78.01. The company has a market capitalization of $93,390.00 and a P/E ratio of 53.21.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. equities analysts forecast that PayPal Holdings will post 1.37 earnings per share for the current year.
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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