Paypal Holdings Inc. (PYPL) Receives “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 report issued to clients and 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 20.94% from the stock’s previous close.
A number of other analysts also recently weighed in on PYPL. Vetr downgraded Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $42.57 target price for the company. in a research report on Monday, May 23rd. William Blair restated a “buy” rating on shares of Paypal Holdings in a research report on Tuesday, May 24th. Needham & Company LLC started coverage on Paypal Holdings in a research report on Thursday, May 26th. They issued a “hold” rating for the company. Nomura initiated coverage on Paypal Holdings in a research report on Thursday, May 26th. They issued a “hold” rating for the company. Finally, Pacific Crest reiterated a “hold” rating on shares of Paypal Holdings in a research report on Thursday, June 2nd. Three equities research 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 currently has an average rating of “Hold” and a consensus target price of $43.68.
Paypal Holdings (NASDAQ:PYPL) traded down 0.80% during mid-day trading on Tuesday, reaching $39.69. 5,525,504 shares of the company traded hands. Paypal Holdings has a 12-month low of $30.30 and a 12-month high of $41.75. The company’s 50-day moving average is $38.14 and its 200-day moving average is $38.34. The stock has a market capitalization of $46.91 billion, a price-to-earnings ratio of 36.08 and a beta of 1.13.
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Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. The company earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same quarter in the previous year, the company posted $0.32 EPS. Equities analysts predict that Paypal Holdings will post $1.50 earnings per share for the current fiscal year.
In other Paypal Holdings news, SVP William J. Ready sold 26,037 shares of the stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $38.04, for a total value of $990,447.48. Following the transaction, the senior vice president now owns 105,906 shares of the company’s stock, valued at $4,028,664.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP William J. Ready sold 48,963 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $38.00, for a total value of $1,860,594.00. Following the completion of the transaction, the senior vice president now directly owns 56,943 shares in the company, valued at approximately $2,163,834. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Feltz Wealth PLAN Inc. purchased a new position in Paypal Holdings during the second quarter worth $100,000. SevenBridge Financial Group LLC bought a new position in Paypal Holdings during the second quarter valued at approximately $120,000. Global X Management Co. LLC increased its position in Paypal Holdings by 253.7% in the second quarter. Global X Management Co. LLC now owns 3,445 shares of the company’s stock valued at $126,000 after buying an additional 2,471 shares during the period. Mycio Wealth Partners LLC increased its position in Paypal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock valued at $128,000 after buying an additional 909 shares during the period. Finally, Ropes Wealth Advisors LLC increased its position in Paypal Holdings by 179.6% in the second quarter. Ropes Wealth Advisors LLC now owns 3,523 shares of the company’s stock valued at $129,000 after buying an additional 2,263 shares during the period. 78.89% of the stock is currently owned by institutional investors.
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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