Paypal Holdings Inc. (PYPL) Given New $48.00 Price Target at Mizuho
Paypal Holdings Inc. (NASDAQ:PYPL) had its target price lifted by equities researchers at Mizuho from $46.00 to $48.00 in a note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Mizuho’s price target indicates a potential upside of 19.73% from the company’s previous close.
A number of other brokerages also recently issued reports on PYPL. Credit Agricole SA set a $38.00 price target on shares of Paypal Holdings and gave the stock a “sell” rating in a research note on Thursday, September 15th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $41.00 price target on shares of Paypal Holdings in a research note on Wednesday, October 5th. Nomura reiterated a “buy” rating and issued a $54.00 price target on shares of Paypal Holdings in a research note on Wednesday, October 5th. Canaccord Genuity downgraded shares of Paypal Holdings from a “buy” rating to a “hold” rating and decreased their price target for the stock from $45.00 to $40.00 in a research note on Monday, September 19th. Finally, Vetr upgraded shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $42.50 price target for the company in a research note on Monday, October 3rd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have given a buy rating to the stock. Paypal Holdings presently has a consensus rating of “Buy” and a consensus price target of $44.74.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 40.09 on Monday. The stock has a market capitalization of $47.39 billion, a P/E ratio of 36.45 and a beta of 1.10. The stock has a 50 day moving average of $39.71 and a 200 day moving average of $38.48. 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 results on Thursday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The company earned $2.67 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. Equities research analysts anticipate 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 shares were 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 approximately $2,163,834. The transaction was disclosed in a legal filing 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 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 $4,028,664.24. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Artemis Investment Management LLP raised its position in Paypal Holdings by 60.6% in the second quarter. Artemis Investment Management LLP now owns 342,141 shares of the company’s stock worth $12,495,000 after buying an additional 129,047 shares during the period. National Pension Service raised its position in Paypal Holdings by 3.9% in the first quarter. National Pension Service now owns 659,018 shares of the company’s stock worth $25,438,000 after buying an additional 24,650 shares during the period. Wellington Management Group LLP raised its position in Paypal Holdings by 12.8% in the first quarter. Wellington Management Group LLP now owns 2,700,708 shares of the company’s stock worth $104,248,000 after buying an additional 305,764 shares during the period. Orbis Allan Gray Ltd purchased a new position in Paypal Holdings during the first quarter worth about $606,807,000. Finally, Slate Path Capital LP raised its position in Paypal Holdings by 13.1% in the first quarter. Slate Path Capital LP now owns 5,345,000 shares of the company’s stock worth $206,317,000 after buying an additional 620,000 shares during the period. Institutional investors and hedge funds own 78.60% 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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