PayPal Holdings, Inc. (PYPL) Given Buy Rating at KeyCorp
KeyCorp restated their buy rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a report issued on Monday morning. They currently have a $70.00 price objective on the credit services provider’s stock, up from their prior price objective of $66.00.
Several other brokerages also recently weighed in on PYPL. Barclays PLC lifted their price objective on shares of PayPal Holdings from $66.00 to $69.00 and gave the company an overweight rating in a research report on Friday. Sanford C. Bernstein reiterated an outperform rating and issued a $66.00 price objective (up from $61.00) on shares of PayPal Holdings in a research report on Tuesday, September 5th. Credit Suisse Group reiterated an outperform rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Jefferies Group LLC reiterated a buy rating and issued a $61.27 price objective (down from $70.00) on shares of PayPal Holdings in a research report on Wednesday, September 6th. Finally, BTIG Research reissued a buy rating and set a $70.00 target price (up previously from $63.00) on shares of PayPal Holdings in a research note on Wednesday, September 6th. Eleven analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. PayPal Holdings presently has a consensus rating of Buy and a consensus price target of $60.78.
PayPal Holdings (NASDAQ PYPL) opened at 62.92 on Monday. The firm has a market capitalization of $75.65 billion, a price-to-earnings ratio of 50.74 and a beta of 0.98. The stock’s 50 day moving average is $62.48 and its 200-day moving average is $59.70. PayPal Holdings has a 52 week low of $38.06 and a 52 week high of $63.53.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. PayPal Holdings’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the firm posted $0.36 EPS. On average, equities research analysts expect that PayPal Holdings will post $1.84 EPS for the current year.
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In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the sale, the executive vice president now directly owns 37,492 shares in the company, valued at $2,212,028. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction that occurred on 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 owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The disclosure for this sale can be found here. Insiders sold 262,702 shares of company stock valued at $15,375,804 over the last quarter. Corporate insiders own 6.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in PayPal Holdings by 0.9% in the second quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock valued at $99,318,000 after acquiring an additional 17,139 shares during the last quarter. Shikiar Asset Management Inc. lifted its stake in PayPal Holdings by 2,671.9% in the second quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock valued at $7,587,000 after acquiring an additional 136,265 shares during the last quarter. Smith Asset Management Group LP acquired a new stake in PayPal Holdings in the second quarter valued at approximately $50,648,000. Soros Fund Management LLC lifted its stake in PayPal Holdings by 1.0% in the first quarter. Soros Fund Management LLC now owns 815,613 shares of the credit services provider’s stock valued at $35,088,000 after acquiring an additional 8,200 shares during the last quarter. Finally, BB&T Securities LLC lifted its stake in PayPal Holdings by 24.2% in the second quarter. BB&T Securities LLC now owns 170,765 shares of the credit services provider’s stock valued at $9,164,000 after acquiring an additional 33,268 shares during the last quarter. Hedge funds and other institutional investors own 82.46% 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.
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