Paypal Holdings Inc. (PYPL) Receives “Buy” Rating from Jefferies Group
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group in a research note issued to investors on Wednesday. They presently have a $48.00 target price on the stock. Jefferies Group’s target price would suggest a potential upside of 22.51% from the company’s current price.
Several other research firms also recently commented on PYPL. Credit Agricole SA set a $38.00 target price on shares of Paypal Holdings and gave the stock a “sell” rating in a research report on Thursday, September 15th. Sanford C. Bernstein reissued a “market perform” rating and set a $41.00 target price on shares of Paypal Holdings in a research report on Wednesday, October 5th. Nomura reissued a “buy” rating and set a $54.00 target price on shares of Paypal Holdings in a research report on Wednesday, October 5th. Canaccord Genuity downgraded shares of Paypal Holdings from a “buy” rating to a “hold” rating and lowered their target price for the stock from $45.00 to $40.00 in a research report on Monday, September 19th. Finally, Vetr raised shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $42.50 target price on the stock in a research report on Monday, October 3rd. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $44.23.
Shares of Paypal Holdings (NASDAQ:PYPL) traded up 1.10% during mid-day trading on Wednesday, reaching $39.62. The company’s stock had a trading volume of 3,887,637 shares. The stock has a market capitalization of $46.83 billion, a P/E ratio of 36.02 and a beta of 1.10. The company has a 50 day moving average price of $39.26 and a 200 day moving average price of $38.44. 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 announced 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. The business 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 last year, the company earned $0.32 earnings per share. On average, equities research analysts anticipate that Paypal Holdings will post $1.50 earnings per share for the current fiscal year.
In other news, EVP Gary J. Marino sold 1,726 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $40.87, for a total value of $70,541.62. Following the completion of the transaction, the executive vice president now owns 44,505 shares of the company’s stock, valued at approximately $1,818,919.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP William J. Ready sold 26,037 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total transaction of $990,447.48. Following the completion of the transaction, the senior vice president now directly owns 105,906 shares of the company’s stock, valued at approximately $4,028,664.24. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in PYPL. Motley Fool Wealth Management LLC boosted its stake in Paypal Holdings by 3.6% in the first quarter. Motley Fool Wealth Management LLC now owns 199,224 shares of the company’s stock valued at $7,690,000 after buying an additional 6,930 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Paypal Holdings by 33.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,672 shares of the company’s stock valued at $2,806,000 after buying an additional 18,378 shares in the last quarter. BB&T Securities LLC bought a new stake in Paypal Holdings during the first quarter valued at approximately $3,529,000. 1832 Asset Management L.P. bought a new stake in Paypal Holdings during the first quarter valued at approximately $157,411,000. Finally, Canada Pension Plan Investment Board boosted its stake in Paypal Holdings by 1,884,000.0% in the first quarter. Canada Pension Plan Investment Board now owns 188,410 shares of the company’s stock valued at $7,273,000 after buying an additional 188,400 shares in the last quarter. 78.77% of the stock is owned by institutional investors.
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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