Paypal Holdings Inc. (PYPL) Stock Rating Reaffirmed by Nomura
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by investment analysts at Nomura in a research report issued to clients and investors on Monday. They currently have a $54.00 target price on the stock. Nomura’s target price suggests a potential upside of 36.78% from the company’s current price.
PYPL has been the subject of a number of other research reports. BTIG Research set a $48.00 target price on shares of Paypal Holdings and gave the stock a “buy” rating in a report on Wednesday, September 7th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal Holdings in a report on Sunday, August 28th. 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 report on Monday, October 3rd. Wedbush reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Paypal Holdings in a report on Friday, September 23rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $44.00 target price on shares of Paypal Holdings in a report on Wednesday, September 14th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Paypal Holdings currently has a consensus rating of “Hold” and a consensus target price of $44.40.
Shares of Paypal Holdings (NASDAQ:PYPL) traded up 0.61% during trading on Monday, reaching $39.48. The company’s stock had a trading volume of 5,279,515 shares. The firm’s 50-day moving average price is $39.41 and its 200-day moving average price is $38.46. Paypal Holdings has a one year low of $30.52 and a one year high of $41.75. The company has a market capitalization of $46.67 billion, a price-to-earnings ratio of 35.89 and a beta of 1.09.
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, 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 company earned $2.65 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the business earned $0.32 EPS. On average, equities analysts anticipate that Paypal Holdings will post $1.50 earnings per share for the current year.
In other news, SVP Tomer Barel sold 5,862 shares of Paypal Holdings stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $37.21, for a total value of $218,125.02. Following the sale, the senior vice president now owns 27,017 shares in the company, valued at $1,005,302.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings stock in a transaction dated 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 sale, the executive vice president now owns 44,505 shares in the company, valued at approximately $1,818,919.35. 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 bought and sold shares of the company. Charter Trust Co. increased its position in shares of Paypal Holdings by 0.8% in the third quarter. Charter Trust Co. now owns 6,341 shares of the company’s stock worth $260,000 after buying an additional 50 shares during the period. Gradient Investments LLC increased its position in shares of Paypal Holdings by 0.6% in the third quarter. Gradient Investments LLC now owns 8,432 shares of the company’s stock worth $345,000 after buying an additional 54 shares during the period. Assetmark Inc. increased its position in shares of Paypal Holdings by 2.5% in the second quarter. Assetmark Inc. now owns 3,548 shares of the company’s stock worth $130,000 after buying an additional 88 shares during the period. Quadrant Capital Management LLC increased its position in shares of Paypal Holdings by 0.3% in the second quarter. Quadrant Capital Management LLC now owns 27,968 shares of the company’s stock worth $1,021,000 after buying an additional 90 shares during the period. Finally, Parsons Capital Management Inc. RI increased its position in shares of Paypal Holdings by 0.3% in the second quarter. Parsons Capital Management Inc. RI now owns 32,090 shares of the company’s stock worth $1,172,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 78.60% 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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