Paypal Holdings Inc. (PYPL) Receives “Market Perform” Rating from Sanford C. Bernstein
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “market perform” rating reissued by research analysts at Sanford C. Bernstein in a note issued to investors on Wednesday. They currently have a $41.00 price objective on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 2.89% from the stock’s current price.
Other research analysts also recently issued reports about the company. Cantor Fitzgerald restated a “buy” rating on shares of Paypal Holdings in a research report on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Paypal Holdings in a research note on Sunday, July 17th. Credit Agricole SA reaffirmed an “underperform” rating and issued a $38.00 target price on shares of Paypal Holdings in a research note on Wednesday, June 29th. Wells Fargo & Co. cut shares of Paypal Holdings from an “outperform” rating to a “market perform” rating in a research note on Friday, July 22nd. Finally, Oppenheimer Holdings Inc. assumed coverage on shares of Paypal Holdings in a research note on Thursday, June 16th. They issued an “outperform” rating and a $42.00 target price for the company. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $43.95.
Shares of Paypal Holdings (NASDAQ:PYPL) traded down 0.75% during mid-day trading on Wednesday, hitting $39.88. The stock had a trading volume of 6,109,946 shares. The company’s 50 day moving average price is $39.18 and its 200 day moving average price is $38.46. The stock has a market cap of $47.14 billion, a P/E ratio of 36.25 and a beta of 1.10. Paypal Holdings has a 12-month low of $30.52 and a 12-month 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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The firm earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm posted $0.32 EPS. Equities research analysts predict that Paypal Holdings will post $1.50 EPS for the current fiscal year.
In related news, SVP Tomer Barel sold 5,862 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $37.21, for a total transaction of $218,125.02. Following the completion of the sale, the senior vice president now directly owns 27,017 shares in the company, valued at $1,005,302.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gary J. Marino sold 1,726 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the sale, the executive vice president now owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of PYPL. Artemis Investment Management LLP boosted its stake in shares of Paypal Holdings by 60.6% in the second quarter. Artemis Investment Management LLP now owns 342,141 shares of the company’s stock worth $12,495,000 after buying an additional 129,047 shares during the last quarter. National Pension Service boosted its stake in shares of Paypal Holdings by 3.9% in the first quarter. National Pension Service now owns 659,018 shares of the company’s stock worth $25,438,000 after buying an additional 24,650 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Paypal Holdings by 12.8% in the first quarter. Wellington Management Group LLP now owns 2,700,708 shares of the company’s stock worth $104,248,000 after buying an additional 305,764 shares during the last quarter. Orbis Allan Gray Ltd acquired a new stake in shares of Paypal Holdings during the first quarter worth $606,807,000. Finally, Slate Path Capital LP boosted its stake in shares of Paypal Holdings by 13.1% in the first quarter. Slate Path Capital LP now owns 5,345,000 shares of the company’s stock worth $206,317,000 after buying an additional 620,000 shares during the last quarter. Hedge funds and other institutional investors own 78.77% of the company’s stock.
Paypal Holdings Company Profile
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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