Q3 2016 Earnings Estimate for Paypal Holdings Inc. (PYPL) Issued By William Blair
Paypal Holdings Inc. (NASDAQ:PYPL) – Investment analysts at William Blair lowered their Q3 2016 earnings estimates for shares of Paypal Holdings in a research note issued on Thursday. William Blair analyst R. Napoli now anticipates that the firm will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.28. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Paypal Holdings’ FY2017 earnings at $1.39 EPS and FY2018 earnings at $1.68 EPS.
Several other analysts also recently weighed in on PYPL. 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. Jefferies Group reissued a “buy” rating on shares of Paypal Holdings in a research note on Monday, July 11th. Pacific Crest reissued a “hold” rating on shares of Paypal Holdings in a research note on Friday, July 22nd. Finally, RBC Capital Markets reissued a “buy” rating and issued a $46.00 price target on shares of Paypal Holdings in a research note on Friday, July 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Paypal Holdings has an average rating of “Hold” and a consensus target price of $44.26.
Shares of Paypal Holdings (NASDAQ:PYPL) traded up 0.523% during trading on Friday, reaching $39.405. 2,997,897 shares of the company traded hands. Paypal Holdings has a 12-month low of $30.52 and a 12-month high of $41.75. The stock has a market capitalization of $46.58 billion, a P/E ratio of 35.823 and a beta of 1.10. The firm’s 50 day moving average is $39.36 and its 200-day moving average is $38.45.
Paypal Holdings (NASDAQ:PYPL) last issued its earnings results on Thursday, July 21st. The company reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The company earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same period last year, the business posted $0.32 EPS.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd acquired a new position in Paypal Holdings during the first quarter valued at $606,807,000. Fundsmith LLP increased its position in Paypal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock valued at $361,309,000 after buying an additional 5,276,062 shares during the last quarter. Coatue Management LLC increased its position in Paypal Holdings by 107.1% in the second quarter. Coatue Management LLC now owns 8,983,256 shares of the company’s stock valued at $327,979,000 after buying an additional 4,645,171 shares during the last quarter. Pennant Capital Management LLC acquired a new position in Paypal Holdings during the first quarter valued at $123,662,000. Finally, Brown Advisory Inc. increased its position in Paypal Holdings by 157.4% in the second quarter. Brown Advisory Inc. now owns 5,202,891 shares of the company’s stock valued at $189,957,000 after buying an additional 3,181,496 shares during the last quarter. Institutional investors and hedge funds own 78.77% of the company’s stock.
In related news, 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 transaction, the executive vice president now owns 44,505 shares in the company, valued at $1,818,919.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Tomer Barel sold 5,862 shares of the 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 owns 27,017 shares in the company, 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.
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.
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