PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “market perform” rating reiterated by equities research analysts at Sanford C. Bernstein in a report released on Wednesday, May 24th. They presently have a $46.00 target price on the credit services provider’s stock. Sanford C. Bernstein’s price objective would indicate a potential downside of 11.27% from the company’s current price.
A number of other brokerages have also weighed in on PYPL. Jefferies Group LLC restated a “buy” rating and set a $52.00 price target on shares of PayPal Holdings in a research note on Friday, January 27th. BTIG Research boosted their price target on PayPal Holdings from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Monness Crespi & Hardt upped their target price on PayPal Holdings from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 target price on the stock in a research report on Wednesday, May 17th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $48.00 target price on shares of PayPal Holdings in a research report on Tuesday, April 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $50.19.
Shares of PayPal Holdings (PYPL) traded down 0.86% on Wednesday, hitting $51.84. 10,931,122 shares of the stock were exchanged. PayPal Holdings has a 12 month low of $34.00 and a 12 month high of $55.14. The company has a 50-day moving average price of $50.82 and a 200 day moving average price of $43.93. The company has a market cap of $62.27 billion, a PE ratio of 44.31 and a beta of 0.95.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. PayPal Holdings had a return on equity of 10.78% and a net margin of 12.60%. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. PayPal Holdings’s revenue was up 16.9% on a year-over-year basis. Equities analysts forecast that PayPal Holdings will post $1.78 EPS for the current fiscal year.
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In related news, EVP Gary J. Marino sold 13,535 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $42.52, for a total transaction of $575,508.20. Following the completion of the transaction, the executive vice president now directly owns 39,405 shares in the company, valued at approximately $1,675,500.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gail J. Mcgovern sold 1,800 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.97, for a total value of $97,146.00. Following the transaction, the director now owns 12,647 shares of the company’s stock, valued at $682,558.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,685 shares of company stock valued at $743,502. Company insiders own 6.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. boosted its position in shares of PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares during the period. Crestwood Advisors Group LLC purchased a new position in shares of PayPal Holdings during the first quarter worth approximately $106,000. Carroll Financial Associates Inc. boosted its position in shares of PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares during the period. Stelac Advisory Services LLC purchased a new position in shares of PayPal Holdings during the first quarter worth approximately $119,000. Finally, West Oak Capital LLC boosted its position in shares of PayPal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock worth $123,000 after buying an additional 550 shares during the period. Institutional investors own 81.93% of the company’s stock.
PayPal Holdings Company Profile
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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