PayPal Holdings, Inc. (PYPL) Given a $61.00 Price Target by Stifel Nicolaus Analysts
Stifel Nicolaus set a $61.00 price objective on PayPal Holdings, Inc. (NASDAQ:PYPL) in a research report sent to investors on Monday. The firm currently has a hold rating on the credit services provider’s stock.
Other equities research analysts also recently issued reports about the stock. Stephens reaffirmed an overweight rating and issued a $59.00 price objective (up from $51.00) on shares of PayPal Holdings in a research report on Monday, June 19th. Vetr upgraded shares of PayPal Holdings from a hold rating to a buy rating and set a $54.78 target price on the stock in a research note on Wednesday, June 21st. Citigroup Inc. reiterated a buy rating and issued a $67.00 target price (up from $62.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. KeyCorp upgraded shares of PayPal Holdings to a buy rating and set a $60.00 target price on the stock in a research note on Wednesday, June 21st. Finally, Mizuho reiterated a neutral rating and issued a $48.00 target price on shares of PayPal Holdings in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $65.92.
Shares of PayPal Holdings (NASDAQ:PYPL) opened at 67.25 on Monday. PayPal Holdings has a 52 week low of $38.06 and a 52 week high of $69.61. The firm has a market capitalization of $80.86 billion, a P/E ratio of 54.23 and a beta of 0.98. The company has a 50-day moving average of $64.75 and a 200 day moving average of $64.75.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, October 18th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings will post $1.84 earnings per share for the current year.
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In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the firm’s stock in a transaction on 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 owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total transaction 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 approximately $2,212,028. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 261,351 shares of company stock worth $15,302,809. 6.00% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in PYPL. Northwestern Mutual Investment Management Company LLC grew its holdings in PayPal Holdings by 76.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 227,017 shares of the credit services provider’s stock worth $9,766,000 after acquiring an additional 98,159 shares during the last quarter. RWC Asset Management LLP grew its holdings in PayPal Holdings by 67.9% in the 1st quarter. RWC Asset Management LLP now owns 130,114 shares of the credit services provider’s stock worth $5,598,000 after acquiring an additional 52,619 shares during the last quarter. South State Corp bought a new stake in PayPal Holdings in the 1st quarter worth $366,000. Tiedemann Wealth Management LLC grew its holdings in PayPal Holdings by 39.2% in the 1st quarter. Tiedemann Wealth Management LLC now owns 64,517 shares of the credit services provider’s stock worth $2,775,000 after acquiring an additional 18,175 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC grew its holdings in PayPal Holdings by 2.2% in the 1st quarter. Clifford Swan Investment Counsel LLC now owns 359,661 shares of the credit services provider’s stock worth $15,473,000 after acquiring an additional 7,612 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.
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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