Paypal Holdings Inc. (PYPL) Receives “Buy” Rating from SunTrust Banks Inc.
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating restated by research analysts at SunTrust Banks Inc. in a report issued on Wednesday. They currently have a $45.00 target price on the stock. SunTrust Banks Inc.’s price objective suggests a potential upside of 13.84% from the company’s current price.
Several other equities analysts have also recently weighed in on the stock. Jefferies Group reissued a “buy” rating and issued a $48.00 target price on shares of Paypal Holdings in a research note on Wednesday. Vetr raised shares of Paypal Holdings from a “buy” rating to a “strong-buy” rating and set a $44.52 target price for the company in a research note on Tuesday. Deutsche Bank AG raised their target price on shares of Paypal Holdings from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday. Nomura reissued a “buy” rating and issued a $54.00 target price on shares of Paypal Holdings in a research note on Wednesday, October 5th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $41.00 target price on shares of Paypal Holdings in a research note on Wednesday, October 5th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Paypal Holdings currently has a consensus rating of “Hold” and a consensus price target of $44.26.
Shares of Paypal Holdings (NASDAQ:PYPL) traded up 0.87% during trading on Wednesday, hitting $39.53. 7,033,038 shares of the stock were exchanged. The company has a market cap of $46.72 billion, a P/E ratio of 35.94 and a beta of 1.10. The firm’s 50-day moving average is $39.26 and its 200 day moving average is $38.44. Paypal Holdings has a 1-year low of $30.52 and a 1-year high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The company earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. During the same period last year, the business earned $0.32 EPS. Equities analysts forecast that Paypal Holdings will post $1.50 earnings per share for the current fiscal year.
In related news, SVP Tomer Barel sold 5,862 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value of $218,125.02. Following the completion of the sale, the senior vice president now directly owns 27,017 shares of the company’s stock, valued at approximately $1,005,302.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP William J. Ready sold 48,963 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $38.00, for a total value of $1,860,594.00. Following the completion of the sale, the senior vice president now directly owns 56,943 shares of the company’s stock, valued at $2,163,834. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in PYPL. Orbis Allan Gray Ltd bought a new stake in Paypal Holdings during the first quarter worth approximately $606,807,000. Fundsmith LLP raised its stake in Paypal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock worth $361,309,000 after buying an additional 5,276,062 shares during the last quarter. Coatue Management LLC raised its stake in Paypal Holdings by 107.1% in the second quarter. Coatue Management LLC now owns 8,983,256 shares of the company’s stock worth $327,979,000 after buying an additional 4,645,171 shares during the last quarter. Pennant Capital Management LLC bought a new stake in Paypal Holdings during the first quarter worth approximately $123,662,000. Finally, Brown Advisory Inc. raised its stake in Paypal Holdings by 157.4% in the second quarter. Brown Advisory Inc. now owns 5,202,891 shares of the company’s stock worth $189,957,000 after buying an additional 3,181,496 shares during the last quarter. 78.77% of the stock is owned by institutional investors and hedge funds.
About Paypal Holdings
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.
Receive News & Stock Ratings for Paypal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal Holdings Inc. and related stocks with our FREE daily email newsletter.