Paypal Holdings Inc. (PYPL) Given “Market Perform” Rating at Sanford C. Bernstein
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “market perform” rating restated by investment analysts at Sanford C. Bernstein in a report released on Wednesday. They presently have a $41.00 price target on the stock. Sanford C. Bernstein’s price objective suggests a potential upside of 0.54% from the company’s current price.
A number of other equities analysts also recently weighed in on the stock. Vetr raised shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $42.50 target price for the company in a research note on Monday. Zacks Investment Research downgraded shares of Paypal Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, September 24th. Wedbush reissued an “outperform” rating and set a $50.00 target price on shares of Paypal Holdings in a research note on Friday, September 23rd. Jefferies Group reissued a “buy” rating and set a $48.00 target price on shares of Paypal Holdings in a research note on Tuesday, September 20th. Finally, Canaccord Genuity cut shares of Paypal Holdings from a “buy” rating to a “hold” rating and reduced their price target for the stock from $45.00 to $40.00 in a report on Monday, September 19th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Paypal Holdings currently has a consensus rating of “Hold” and a consensus price target of $43.95.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 40.78 on Wednesday. The firm’s 50-day moving average is $39.02 and its 200 day moving average is $38.45. The company has a market capitalization of $48.20 billion, a PE ratio of 37.07 and a beta of 1.10. Paypal Holdings has a 12 month low of $30.52 and a 12 month high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last announced its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The business earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the firm earned $0.32 earnings per share. Equities research analysts predict that Paypal Holdings will post $1.50 EPS for the current year.
In related news, SVP William J. Ready sold 48,963 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $38.00, for a total transaction of $1,860,594.00. Following the completion of the transaction, the senior vice president now owns 56,943 shares of the company’s stock, valued at $2,163,834. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Tomer Barel sold 5,862 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $37.21, for a total transaction of $218,125.02. Following the transaction, the senior vice president now directly owns 27,017 shares of the company’s stock, valued at approximately $1,005,302.57. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Motley Fool Wealth Management LLC boosted its position in shares of Paypal Holdings by 3.6% in the first quarter. Motley Fool Wealth Management LLC now owns 199,224 shares of the company’s stock valued at $7,690,000 after buying an additional 6,930 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Paypal Holdings during the first quarter worth approximately $1,726,000. Marcus Capital LLC bought a new position in Paypal Holdings during the first quarter worth approximately $2,052,000. Nikko Asset Management Americas Inc. bought a new position in Paypal Holdings during the first quarter worth approximately $324,000. Finally, Columbia Partners L L C Investment Management boosted its position in Paypal Holdings by 0.8% in the first quarter. Columbia Partners L L C Investment Management now owns 42,294 shares of the company’s stock worth $1,632,000 after buying an additional 322 shares in the last quarter. 78.77% of the stock is owned by institutional investors.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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