Paypal Holdings Inc. (PYPL) Receives “Buy” Rating from BTIG Research
A number of other analysts have also recently weighed in on the company. Barclays PLC decreased their price objective on Paypal Holdings from $46.00 to $42.00 and set an overweight rating for the company in a research report on Thursday, July 7th. Vetr raised Paypal Holdings from a hold rating to a buy rating and set a $40.93 price objective for the company in a research report on Monday, July 25th. Evercore ISI began coverage on Paypal Holdings in a research report on Tuesday. They set a buy rating and a $46.00 price objective for the company. Royal Bank Of Canada reaffirmed a buy rating on shares of Paypal Holdings in a research report on Tuesday, July 12th. Finally, Wedbush reaffirmed an outperform rating and set a $50.00 price objective on shares of Paypal Holdings in a research report on Friday, September 23rd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Paypal Holdings presently has an average rating of Buy and an average target price of $44.73.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 39.83 on Tuesday. The stock has a 50 day moving average price of $39.53 and a 200-day moving average price of $38.45. Paypal Holdings has a 52-week low of $30.52 and a 52-week high of $41.75. The stock has a market capitalization of $47.08 billion, a PE ratio of 36.21 and a beta of 1.10.
Paypal Holdings (NASDAQ:PYPL) last announced its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The firm earned $2.65 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.32 EPS. On average, equities research analysts anticipate that Paypal Holdings will post $1.50 EPS for the current fiscal year.
In other Paypal Holdings news, EVP Gary J. Marino sold 1,726 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was 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 is available at the SEC website. Also, SVP William J. Ready sold 48,963 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $38.00, for a total value of $1,860,594.00. Following the transaction, the senior vice president now owns 56,943 shares in the company, valued at approximately $2,163,834. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of PYPL. Orbis Allan Gray Ltd bought a new position in shares of Paypal Holdings during the first quarter worth approximately $606,807,000. Fundsmith LLP boosted its position in shares of 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 in the last quarter. Coatue Management LLC boosted its position in shares of 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 in the last quarter. Pennant Capital Management LLC bought a new position in shares of Paypal Holdings during the first quarter worth approximately $123,662,000. Finally, Brown Advisory Inc. boosted its position in shares of 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 in the last quarter. 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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