Paypal Holdings’ (PYPL) Buy Rating Reiterated at Jefferies Group
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a research note issued on Wednesday. They presently have a $48.00 price objective on the stock. Jefferies Group’s price objective points to a potential upside of 22.51% from the company’s current price.
PYPL has been the subject of a number of other reports. Evercore ISI reaffirmed a “sell” rating and set a $34.00 price target on shares of Paypal Holdings in a report on Tuesday, July 26th. RBC Capital Markets reaffirmed an “outperform” rating and set a $46.00 price target 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 set a $50.00 price target 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 price target for the company in a report on Tuesday, August 2nd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $44.23.
Shares of Paypal Holdings (NASDAQ:PYPL) traded up 1.10% during mid-day trading on Wednesday, hitting $39.62. The stock had a trading volume of 3,823,925 shares. The firm has a 50 day moving average price of $39.26 and a 200 day moving average price of $38.44. Paypal Holdings has a 52-week low of $30.52 and a 52-week high of $41.75. The firm has a market cap of $46.83 billion, a PE ratio of 36.02 and a beta of 1.10.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/paypal-holdings-pypl-buy-rating-reiterated-at-jefferies-group.html
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, meeting the Zacks’ consensus estimate 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 last year, the business posted $0.32 earnings per share. Equities analysts predict that Paypal Holdings will post $1.50 EPS for the current year.
In other Paypal Holdings news, SVP William J. Ready sold 26,037 shares of the business’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $38.04, for a total value of $990,447.48. Following the completion of the transaction, the senior vice president now directly owns 105,906 shares in the company, valued at approximately $4,028,664.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PYPL. Virginia Retirement System acquired a new position in shares of Paypal Holdings during the first quarter valued at $688,000. Pacad Investment Ltd. increased its stake in Paypal Holdings by 57.9% in the first quarter. Pacad Investment Ltd. now owns 9,000 shares of the company’s stock worth $347,000 after buying an additional 3,300 shares during the last quarter. Franklin Resources Inc. increased its stake in Paypal Holdings by 6.1% in the first quarter. Franklin Resources Inc. now owns 520,448 shares of the company’s stock worth $20,089,000 after buying an additional 29,963 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Paypal Holdings during the first quarter worth approximately $1,726,000. Finally, Aviva PLC increased its stake in Paypal Holdings by 0.8% in the first quarter. Aviva PLC now owns 645,092 shares of the company’s stock worth $24,900,000 after buying an additional 5,287 shares during the last quarter. Institutional investors own 78.77% of the company’s stock.
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.
Receive News & Ratings for Paypal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.