PayPal Holdings’ (PYPL) Positive Rating Reaffirmed at Susquehanna Bancshares Inc
Susquehanna Bancshares Inc reissued their positive rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research report sent to investors on Tuesday morning. The firm currently has a $67.00 price target on the credit services provider’s stock.
A number of other equities research analysts have also recently commented on the stock. Royal Bank Of Canada restated a buy rating and issued a $65.00 price target on shares of PayPal Holdings in a report on Tuesday. Vetr upgraded shares of PayPal Holdings from a hold rating to a buy rating and set a $60.76 price target for the company in a report on Thursday, August 10th. Zacks Investment Research cut shares of PayPal Holdings from a buy rating to a hold rating in a report on Monday, July 31st. Cantor Fitzgerald reiterated an overweight rating and set a $70.00 price objective on shares of PayPal Holdings in a report on Friday, July 28th. Finally, Piper Jaffray Companies reiterated a hold rating and set a $57.00 price objective on shares of PayPal Holdings in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. PayPal Holdings has a consensus rating of Buy and an average target price of $59.80.
Shares of PayPal Holdings (PYPL) opened at 61.01 on Tuesday. The stock has a market cap of $73.36 billion, a price-to-earnings ratio of 49.20 and a beta of 0.99. The stock has a 50 day moving average price of $58.61 and a 200-day moving average price of $49.86. PayPal Holdings has a 12-month low of $36.30 and a 12-month high of $61.30.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share. Equities analysts anticipate that PayPal Holdings will post $1.83 EPS for the current fiscal year.
In related news, Director Gail J. Mcgovern sold 1,800 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.97, for a total value of $97,146.00. Following the completion of the transaction, the director now directly owns 12,647 shares in the company, valued at approximately $682,558.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gary J. Marino sold 1,350 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $52.48, for a total transaction of $70,848.00. Following the completion of the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at $1,967,527.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 265,852 shares of company stock valued at $15,543,798. 6.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. increased its stake in shares of PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after buying an additional 649 shares during the period. Stelac Advisory Services LLC purchased a new stake in shares of PayPal Holdings during the first quarter valued at approximately $119,000. Harvest Fund Management Co. Ltd increased its stake in shares of PayPal Holdings by 171.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after buying an additional 1,808 shares during the period. Clean Yield Group purchased a new stake in shares of PayPal Holdings during the first quarter valued at approximately $127,000. Finally, MV Capital Management Inc. increased its stake in shares of PayPal Holdings by 7.2% in the second quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock valued at $159,000 after buying an additional 199 shares during the period. Institutional investors own 82.55% of the company’s stock.
About PayPal Holdings
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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.