PayPal Holdings, Inc. (NASDAQ:PYPL) – Stock analysts at Jefferies Group upped their Q4 2017 earnings per share (EPS) estimates for PayPal Holdings in a research report issued on Wednesday. Jefferies Group analyst R. El-Assal now forecasts that the credit services provider will earn $0.40 per share for the quarter, up from their previous forecast of $0.39. Jefferies Group has a “Buy” rating and a $61.27 price objective on the stock.

A number of other research firms have also recently weighed in on PYPL. Sanford C. Bernstein raised PayPal Holdings from a “market perform” rating to an “outperform” rating and raised their price target for the company from $46.00 to $61.00 in a report on Monday, July 10th. Vetr raised 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 reaffirmed an “overweight” rating and set a $59.00 price target (up from $51.00) on shares of PayPal Holdings in a report on Monday, June 19th. Loop Capital reaffirmed a “hold” rating and set a $49.00 price target on shares of PayPal Holdings in a report on Wednesday, July 12th. Finally, Barclays PLC raised their price target on PayPal Holdings from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.93.

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PayPal Holdings (PYPL) opened at 61.13 on Friday. PayPal Holdings has a 1-year low of $37.54 and a 1-year high of $62.23. The company has a market cap of $73.50 billion, a PE ratio of 49.30 and a beta of 0.98. The stock has a 50 day moving average price of $59.80 and a 200 day moving average price of $51.15.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. 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 prior year, the business posted $0.36 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. lifted its holdings 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 purchasing an additional 649 shares in the last quarter. Stelac Advisory Services LLC bought a new stake in shares of PayPal Holdings in the first quarter valued at about $119,000. Harvest Fund Management Co. Ltd lifted its holdings 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 purchasing an additional 1,808 shares in the last quarter. Clean Yield Group bought a new stake in shares of PayPal Holdings in the first quarter valued at about $127,000. Finally, MV Capital Management Inc. lifted its holdings 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 purchasing an additional 199 shares in the last quarter. Institutional investors own 82.55% of the company’s stock.

In other news, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the sale, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the sale, the executive vice president now owns 37,491 shares in the company, valued at $2,025,638.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 262,702 shares of company stock worth $15,375,804. Corporate insiders own 6.00% of the company’s stock.

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.

Earnings History and Estimates for PayPal Holdings (NASDAQ:PYPL)

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