Paypal Holdings Inc. (PYPL) Upgraded to Strong-Buy by Vetr Inc.
Paypal Holdings Inc. (NASDAQ:PYPL) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday. The brokerage currently has a $44.52 price objective on the stock. Vetr‘s price objective suggests a potential upside of 13.63% from the stock’s previous close.
PYPL has been the topic of several other reports. Evercore ISI restated 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 reiterated an “outperform” rating and issued a $46.00 price target on shares of Paypal Holdings in a report on Wednesday, August 3rd. Piper Jaffray Cos. reiterated a “sell” rating on shares of Paypal Holdings in a report on Monday, June 27th. Wedbush reiterated an “outperform” rating and issued a $50.00 price target on shares of Paypal Holdings in a report on Monday, August 1st. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a report on Sunday, August 28th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Paypal Holdings currently has an average rating of “Hold” and a consensus target price of $44.23.
Paypal Holdings (NASDAQ:PYPL) traded down 1.68% on Tuesday, reaching $39.19. The company’s stock had a trading volume of 9,955,667 shares. The firm has a 50-day moving average price of $39.26 and a 200 day moving average price of $38.44. The firm has a market capitalization of $46.32 billion, a P/E ratio of 35.63 and a beta of 1.09. Paypal Holdings has a 52-week low of $30.52 and a 52-week high of $41.75.
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Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data 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 company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the business earned $0.32 EPS. Equities analysts anticipate that Paypal Holdings will post $1.50 earnings per share for the current fiscal year.
In other news, SVP William J. Ready sold 26,037 shares of the company’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 completion of the sale, the senior vice president now owns 105,906 shares in the company, valued at approximately $4,028,664.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gary J. Marino sold 1,726 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $40.87, for a total value of $70,541.62. Following the sale, the executive vice president now owns 44,505 shares of the company’s stock, valued at approximately $1,818,919.35. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in PYPL. 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 valued at $2,538,742,000 after buying an additional 620,002 shares during the period. 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 valued at $1,071,595,000 after buying an additional 1,631,771 shares during the period. Orbis Allan Gray Ltd bought a new stake in Paypal Holdings during the first quarter valued at about $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 valued at $404,535,000 after buying an additional 650,000 shares during the period. 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 valued at $361,309,000 after buying an additional 5,276,062 shares during the period. 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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