Paypal Holdings Inc. (PYPL) Price Target Raised to $52.00
Paypal Holdings Inc. (NASDAQ:PYPL) had its target price raised by research analysts at Deutsche Bank AG from $44.00 to $52.00 in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective points to a potential upside of 32.72% from the stock’s previous close.
PYPL has been the subject of a number of other reports. Evercore ISI reissued a “sell” rating and set a $34.00 price objective on shares of Paypal Holdings in a report on Tuesday, July 26th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $46.00 target price on shares of Paypal Holdings in a report on Wednesday, August 3rd. Piper Jaffray Cos. reaffirmed a “sell” rating on shares of Paypal Holdings in a report on Monday, June 27th. Wedbush reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Paypal Holdings in a report on Monday, August 1st. Finally, Vetr raised Paypal Holdings from a “buy” rating to a “strong-buy” rating and set a $41.29 target price for the company in a report on Tuesday, August 2nd. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-one have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $44.18.
Shares of Paypal Holdings (NASDAQ:PYPL) traded down 1.68% during trading on Tuesday, reaching $39.19. The company’s stock had a trading volume of 9,955,667 shares. Paypal Holdings has a 52-week low of $30.52 and a 52-week high of $41.75. The stock has a market cap of $46.32 billion, a P/E ratio of 35.63 and a beta of 1.09. The stock has a 50-day moving average of $39.27 and a 200-day moving average of $38.44.
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Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm 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 previous year, the company posted $0.32 EPS. 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 firm’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $38.04, for a total transaction of $990,447.48. Following the sale, the senior vice president now owns 105,906 shares in the company, valued at $4,028,664.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William J. Ready sold 48,963 shares of the firm’s 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 sale, the senior vice president now owns 56,943 shares in the company, valued at approximately $2,163,834. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Paypal Holdings by 0.9% in the second quarter. Vanguard Group Inc. now owns 69,535,527 shares of the company’s stock worth $2,538,742,000 after buying an additional 620,002 shares during the last quarter. Jackson Square Partners LLC increased its stake in Paypal Holdings by 6.9% in the second quarter. Jackson Square Partners LLC now owns 25,313,524 shares of the company’s stock worth $1,071,595,000 after buying an additional 1,631,771 shares during the last quarter. Orbis Allan Gray Ltd purchased a new stake in Paypal Holdings during the first quarter worth $606,807,000. Lone Pine Capital LLC increased its stake in Paypal Holdings by 6.2% in the second quarter. Lone Pine Capital LLC now owns 11,080,118 shares of the company’s stock worth $404,535,000 after buying an additional 650,000 shares during the last quarter. Finally, Fundsmith LLP increased its stake in Paypal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock worth $361,309,000 after buying an additional 5,276,062 shares during the last quarter. Institutional investors and hedge funds own 78.77% 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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