Paypal Holdings Inc. (PYPL) Raised to “Strong-Buy” at Vetr Inc.
Paypal Holdings Inc. (NASDAQ:PYPL) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $44.52 target price on the stock. Vetr‘s price target indicates a potential upside of 13.63% from the stock’s current price.
Other analysts have also issued research reports about the company. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a report on Saturday, July 9th. Deutsche Bank AG reissued a “buy” rating on shares of Paypal Holdings in a research report on Sunday, July 17th. Credit Agricole SA reissued an “underperform” rating and set a $38.00 price target on shares of Paypal Holdings in a research report on Wednesday, June 29th. Wells Fargo & Co. downgraded Paypal Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, July 22nd. Finally, Oppenheimer Holdings Inc. started coverage on Paypal Holdings in a research report on Thursday, June 16th. They set an “outperform” rating and a $42.00 price target on the stock. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $44.23.
Paypal Holdings (NASDAQ:PYPL) traded down 1.68% during trading on Tuesday, hitting $39.19. The company had a trading volume of 9,955,667 shares. The stock has a 50-day moving average of $39.26 and a 200 day moving average of $38.44. The company has a market capitalization of $46.32 billion, a price-to-earnings ratio of 35.63 and a beta of 1.09. Paypal Holdings has a one year low of $30.52 and a one year high of $41.75.
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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 (EPS) for the quarter, hitting the consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. Equities analysts forecast that Paypal Holdings will post $1.50 EPS for the current fiscal year.
In other news, SVP Tomer Barel sold 5,862 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value 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 approximately $1,005,302.57. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP William J. Ready sold 26,037 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the completion of the sale, the senior vice president now owns 105,906 shares of the company’s stock, valued at $4,028,664.24. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of PYPL. Feltz Wealth PLAN Inc. acquired a new position in shares of Paypal Holdings during the second quarter valued at $100,000. SevenBridge Financial Group LLC acquired a new position in shares of Paypal Holdings during the second quarter valued at $120,000. Global X Management Co. LLC boosted its position in shares of 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 last quarter. Mycio Wealth Partners LLC boosted its position in shares of 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 last quarter. Finally, Ropes Wealth Advisors LLC boosted its position in shares of 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 last quarter. Institutional investors 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.
To view Vetr’s full report, visit Vetr’s official website.
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