Paypal Holdings Inc. (PYPL) Earns “Buy” Rating from Jefferies Group
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group in a research note issued to investors on Tuesday. They presently have a $48.00 price objective on the stock. Jefferies Group’s price objective would suggest a potential upside of 19.97% from the company’s previous close.
Other research analysts have also issued reports about the company. Deutsche Bank AG reiterated a “buy” rating and issued a $44.00 price objective on shares of Paypal Holdings in a research report on Tuesday, June 28th. William Blair reiterated a “buy” rating on shares of Paypal Holdings in a research report on Tuesday, May 24th. Vetr lowered Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $42.57 price objective for the company. in a research report on Monday, May 23rd. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a research report on Saturday, June 4th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Paypal Holdings in a research report on Tuesday, July 12th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty have issued a buy rating to the company. Paypal Holdings has a consensus rating of “Hold” and a consensus target price of $43.68.
Paypal Holdings (NASDAQ:PYPL) traded down 0.15% on Tuesday, hitting $39.95. The stock had a trading volume of 1,188,097 shares. The company has a market cap of $47.22 billion, a P/E ratio of 36.32 and a beta of 1.13. The firm’s 50-day moving average is $38.14 and its 200-day moving average is $38.34. Paypal Holdings has a 52-week low of $30.30 and a 52-week high of $41.75.
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Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The company earned $2.65 billion during the quarter, compared to analyst estimates of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same period in the prior year, the business posted $0.32 earnings per share. Equities research analysts anticipate that Paypal Holdings will post $1.50 earnings per share for the current fiscal year.
In related news, SVP Tomer Barel sold 5,862 shares of Paypal Holdings stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $37.21, for a total transaction of $218,125.02. Following the completion of the transaction, the senior vice president now directly owns 27,017 shares in the company, valued at approximately $1,005,302.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William J. Ready sold 48,963 shares of Paypal Holdings stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $38.00, for a total value of $1,860,594.00. Following the transaction, the senior vice president now owns 56,943 shares of the company’s stock, valued at $2,163,834. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quotient Investors LLC bought a new position in shares of Paypal Holdings during the first quarter valued at about $2,090,000. Capital City Trust Co. FL bought a new position in shares of Paypal Holdings during the first quarter valued at about $477,000. Alpha Windward LLC bought a new position in shares of Paypal Holdings during the first quarter valued at about $299,000. Jacobs & Co. CA bought a new position in shares of Paypal Holdings during the first quarter valued at about $4,164,000. Finally, Capital Investment Advisors LLC bought a new position in shares of Paypal Holdings during the first quarter valued at about $279,000. Hedge funds and other institutional investors own 78.89% of the company’s stock.
About Paypal Holdings
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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