Paypal Holdings Inc. (PYPL) Receives “Buy” Rating from SunTrust Banks Inc.
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust Banks Inc. in a research note issued to investors on Wednesday. They currently have a $45.00 price objective on the stock. SunTrust Banks Inc.’s target price suggests a potential upside of 13.84% from the company’s previous close.
Other equities research analysts have also issued reports about the company. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a research report on Saturday, July 9th. Deutsche Bank AG reiterated a “buy” rating on shares of Paypal Holdings in a research report on Sunday, July 17th. Jefferies Group reiterated a “buy” rating and issued a $48.00 price objective on shares of Paypal Holdings in a research report on Wednesday. Credit Agricole SA reiterated an “underperform” rating and issued a $38.00 price objective on shares of Paypal Holdings in a research report on Wednesday, June 29th. Finally, Wells Fargo & Co. lowered Paypal Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, July 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $44.26.
Paypal Holdings (NASDAQ:PYPL) traded up 0.87% during midday trading on Wednesday, reaching $39.53. The company had a trading volume of 7,033,038 shares. The stock has a market capitalization of $46.72 billion, a PE ratio of 35.94 and a beta of 1.10. The company has a 50-day moving average of $39.26 and a 200-day moving average 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 issued its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $2.65 billion for 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 EPS. On average, analysts predict that Paypal Holdings will post $1.50 EPS for the current fiscal year.
In related news, SVP William J. Ready sold 48,963 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was 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 directly owns 56,943 shares in the company, valued at $2,163,834. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary J. Marino sold 1,726 shares of the business’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 completion of the sale, the executive vice president now owns 44,505 shares in the company, valued at $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Motley Fool Wealth Management LLC increased its stake in shares of Paypal Holdings by 3.6% in the first quarter. Motley Fool Wealth Management LLC now owns 199,224 shares of the company’s stock worth $7,690,000 after buying an additional 6,930 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 worth $2,806,000 after buying an additional 18,378 shares during the period. BB&T Securities LLC bought a new stake in shares of Paypal Holdings during the first quarter worth about $3,529,000. 1832 Asset Management L.P. bought a new stake in shares of Paypal Holdings during the first quarter worth about $157,411,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of 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 worth $7,273,000 after buying an additional 188,400 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.
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