Canaccord Genuity restated their hold rating on shares of Paypal (NASDAQ:PYPL) in a research note issued to investors on Thursday, November 16th. The firm currently has a $66.00 price objective on the credit services provider’s stock.
A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Paypal from a buy rating to a hold rating in a report on Thursday, November 2nd. Vetr raised shares of Paypal from a hold rating to a buy rating and set a $76.80 price target on the stock in a report on Tuesday, October 31st. Jefferies Group reissued an outperform rating and issued a $80.00 price target on shares of Paypal in a report on Monday, October 23rd. Piper Jaffray Companies reissued a hold rating and issued a $69.00 price target on shares of Paypal in a report on Sunday, October 22nd. Finally, Stifel Nicolaus increased their target price on shares of Paypal from $61.00 to $70.00 and gave the company a hold rating in a report on Sunday, October 22nd. Ten investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $73.24.
Shares of Paypal (PYPL) traded down $4.33 during trading hours on Thursday, hitting $70.97. 26,279,784 shares of the stock were exchanged, compared to its average volume of 7,852,294. The company has a market cap of $85,300.00 and a price-to-earnings ratio of 53.79. Paypal has a 1 year low of $38.65 and a 1 year high of $79.39.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. analysts anticipate that Paypal will post 1.37 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Paypal by 2,792.8% in the 1st quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock worth $2,585,670,000 after purchasing an additional 58,026,239 shares during the period. FMR LLC lifted its position in shares of Paypal by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after purchasing an additional 21,814,940 shares during the period. Jennison Associates LLC purchased a new stake in shares of Paypal in the 3rd quarter worth about $481,937,000. Harding Loevner LP lifted its position in shares of Paypal by 86.1% in the 3rd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after purchasing an additional 5,253,746 shares during the period. Finally, Capital World Investors lifted its position in shares of Paypal by 313.5% in the 2nd quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock worth $330,127,000 after purchasing an additional 4,663,337 shares during the period. 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.
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