Paypal Holdings Inc. (PYPL) PT Raised to $47.00
Paypal Holdings Inc. (NASDAQ:PYPL) had its price target increased by analysts at Barclays PLC from $42.00 to $47.00 in a research note issued to investors on Friday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s target price would indicate a potential upside of 19.90% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald reissued a “buy” rating on shares of Paypal Holdings in a research note on Saturday, July 9th. Deutsche Bank AG reissued a “buy” rating on shares of Paypal Holdings in a research note on Sunday, July 17th. Credit Agricole SA reissued an “underperform” rating and set a $38.00 price target on shares of Paypal Holdings in a research note on Wednesday, June 29th. Wells Fargo & Co. lowered Paypal Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 22nd. Finally, Piper Jaffray Cos. reissued an “underweight” rating and set a $34.00 price target on shares of Paypal Holdings in a research note on Thursday, July 14th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $44.40.
Shares of Paypal Holdings (NASDAQ:PYPL) traded up 0.18% on Friday, reaching $39.27. The company had a trading volume of 4,824,798 shares. The firm has a market capitalization of $46.42 billion, a price-to-earnings ratio of 35.70 and a beta of 1.10. The firm has a 50-day moving average price of $39.36 and a 200 day moving average price of $38.45. Paypal Holdings has a 1-year low of $30.52 and a 1-year high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the company earned $0.32 EPS. Equities research analysts predict that Paypal Holdings will post $1.50 earnings per share for the current year.
In other Paypal Holdings news, SVP William J. Ready sold 26,037 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the sale, the senior vice president now owns 105,906 shares in the company, valued at $4,028,664.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,726 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $40.87, for a total transaction of $70,541.62. Following the completion of the transaction, the executive vice president now owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Feltz Wealth PLAN Inc. bought a new position in Paypal Holdings during the second quarter valued at about $100,000. SevenBridge Financial Group LLC bought a new position in Paypal Holdings during the second quarter valued at about $120,000. Global X Management Co. LLC boosted its position in Paypal Holdings by 253.7% in the second quarter. Global X Management Co. LLC now owns 3,445 shares of the company’s stock valued at $126,000 after buying an additional 2,471 shares during the period. Mycio Wealth Partners LLC boosted its position in Paypal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock valued at $128,000 after buying an additional 909 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its position in Paypal Holdings by 179.6% in the second quarter. Ropes Wealth Advisors LLC now owns 3,523 shares of the company’s stock valued at $129,000 after buying an additional 2,263 shares during the period. Institutional investors and hedge funds own 78.77% of the company’s stock.
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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