Paypal (NASDAQ:PYPL) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, November 20th. The firm presently has a $79.66 price objective on the credit services provider’s stock. Vetr‘s target price points to a potential upside of 8.10% from the company’s previous close.
PYPL has been the subject of a number of other reports. Citigroup reissued a “buy” rating and issued a $67.00 target price (up from $62.00) on shares of Paypal in a report on Thursday, July 27th. Nomura lifted their price objective on Paypal from $57.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Stifel Nicolaus lifted their target price on Paypal from $61.00 to $70.00 and gave the company a “hold” rating in a research note on Sunday, October 22nd. Zacks Investment Research upgraded Paypal from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Thursday, October 26th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $59.00 target price on shares of Paypal in a research report on Thursday, July 27th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $73.25.
Paypal (NASDAQ PYPL) traded up $0.55 on Monday, reaching $73.69. 7,932,612 shares of the company’s stock traded hands, compared to its average volume of 7,896,136. Paypal has a 1-year low of $39.02 and a 1-year high of $79.39. The company has a market cap of $85,575.99, a PE ratio of 50.86, a P/E/G ratio of 2.92 and a beta of 1.03.
Paypal (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the business earned $0.35 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. sell-side analysts anticipate that Paypal will post 1.37 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Paypal by 2,792.8% during the 1st quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after purchasing an additional 58,026,239 shares in the last quarter. FMR LLC lifted its position in shares of Paypal by 36.1% during the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after acquiring an additional 21,814,940 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of Paypal during the 3rd quarter valued at $481,937,000. Harding Loevner LP lifted its position in shares of Paypal by 86.1% during the 3rd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock valued at $381,030,000 after acquiring an additional 5,253,746 shares during the last quarter. Finally, Capital World Investors lifted its position in shares of Paypal by 313.5% during the 2nd quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock valued at $330,127,000 after acquiring an additional 4,663,337 shares during the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.
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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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