PayPal Holdings, Inc. (PYPL) Price Target Raised to $75.00
PayPal Holdings, Inc. (NASDAQ:PYPL) had its price objective increased by equities research analysts at Barclays PLC from $69.00 to $75.00 in a research note issued on Wednesday. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Barclays PLC’s price target suggests a potential upside of 13.57% from the stock’s current price.
PYPL has been the subject of several other reports. BidaskClub raised shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Bank of America Corporation reissued a “buy” rating and issued a $78.00 price target (up from $71.00) on shares of PayPal Holdings in a report on Friday, October 6th. Robert W. Baird reissued an “outperform” rating and issued a $65.00 price target (up from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Credit Suisse Group reissued an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 price target on shares of PayPal Holdings in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $63.14.
Shares of PayPal Holdings (PYPL) traded up 3.06% during midday trading on Wednesday, hitting $68.06. The company had a trading volume of 5,269,546 shares. The company’s 50-day moving average price is $63.85 and its 200 day moving average price is $63.85. PayPal Holdings has a 12-month low of $38.06 and a 12-month high of $68.09. The company has a market capitalization of $81.84 billion, a price-to-earnings ratio of 57.68 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion during 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 revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the firm earned $0.36 EPS. Equities research analysts predict that PayPal Holdings will post $1.84 earnings per share for the current fiscal year.
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In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the transaction, the executive vice president now 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, COO William J. Ready sold 90,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the completion of the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders sold 261,351 shares of company stock worth $15,302,809 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its stake in shares of PayPal Holdings by 0.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 38 shares in the last quarter. Apriem Advisors boosted its stake in shares of PayPal Holdings by 0.6% during the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of PayPal Holdings by 0.4% during the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after purchasing an additional 60 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of PayPal Holdings by 0.4% during the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares in the last quarter. Finally, Train Babcock Advisors LLC boosted its stake in shares of PayPal Holdings by 1.6% during the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 86 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.
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.
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