BTIG Research Reiterates “Buy” Rating for Paypal Holdings Inc (PYPL)
Paypal Holdings Inc (NASDAQ:PYPL)‘s stock had its “buy” rating restated by equities research analysts at BTIG Research in a report issued on Wednesday. They currently have a $70.00 price objective on the credit services provider’s stock, up from their previous price objective of $63.00. BTIG Research’s price objective would indicate a potential upside of 14.25% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Citigroup Inc. reiterated a “buy” rating and set a $62.00 price target (up previously from $52.00) on shares of Paypal Holdings in a report on Friday, June 9th. Vetr upgraded shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $51.23 price target for the company in a report on Wednesday, May 17th. Stephens reiterated an “overweight” rating and set a $59.00 price target (up previously from $51.00) on shares of Paypal Holdings in a report on Monday, June 19th. Jefferies Group LLC reiterated a “buy” rating and set a $61.27 price target (down previously from $70.00) on shares of Paypal Holdings in a report on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $49.00 price target (up previously from $44.00) on shares of Paypal Holdings in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $59.93.
Paypal Holdings (PYPL) traded up 0.073% during midday trading on Wednesday, reaching $61.315. 1,900,778 shares of the company were exchanged. Paypal Holdings has a 52 week low of $37.26 and a 52 week high of $62.23. The company has a market capitalization of $73.72 billion, a PE ratio of 49.448 and a beta of 0.98. The firm has a 50-day moving average price of $59.57 and a 200-day moving average price of $50.92.
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 the consensus estimate of $0.43 by $0.03. Paypal Holdings had a net margin of 13.11% and a return on equity of 11.13%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the business posted $0.36 EPS. The firm’s revenue was up 18.3% on a year-over-year basis. Equities research analysts anticipate that Paypal Holdings will post $1.83 earnings per share for the current fiscal year.
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In related news, COO William J. Ready sold 90,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $59.25, for a total value of $5,332,500.00. Following the sale, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the completion of the sale, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 264,502 shares of company stock worth $15,472,950. Corporate insiders own 6.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of PYPL. Thompson Davis & CO. Inc. grew its stake in Paypal Holdings by 36.7% in the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 649 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in Paypal Holdings in the 1st quarter valued at about $119,000. Clean Yield Group acquired a new stake in Paypal Holdings in the 1st quarter valued at about $127,000. Archford Capital Strategies LLC grew its stake in Paypal Holdings by 65.4% in the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 1,281 shares during the last quarter. Finally, First Personal Financial Services grew its stake in Paypal Holdings by 73.4% in the 1st quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 1,479 shares during the last quarter. 82.55% of the stock is currently owned by hedge funds and other institutional investors.
Paypal Holdings Company Profile
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.
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