Paypal Holdings Inc. (PYPL) Stock Rating Reaffirmed by Nomura
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by analysts at Nomura in a note issued to investors on Monday. They currently have a $54.00 price target on the stock. Nomura’s price objective suggests a potential upside of 36.78% from the company’s current price.
A number of other analysts have also issued reports on PYPL. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a research note on Saturday, July 9th. Deutsche Bank AG reiterated a “buy” rating on shares of Paypal Holdings in a research note on Sunday, July 17th. Jefferies Group reissued a “buy” rating on shares of Paypal Holdings in a research report on Monday, July 11th. Pacific Crest reissued a “hold” rating on shares of Paypal Holdings in a research report on Friday, July 22nd. Finally, RBC Capital Markets reissued a “buy” rating and set a $46.00 price target on shares of Paypal Holdings in a research report on Friday, July 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $44.40.
Shares of Paypal Holdings (NASDAQ:PYPL) traded up 0.61% during trading on Monday, reaching $39.48. 5,279,515 shares of the company’s stock were exchanged. The stock has a market capitalization of $46.67 billion, a PE ratio of 35.89 and a beta of 1.09. The company’s 50-day moving average is $39.41 and its 200 day moving average is $38.46. 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, meeting analysts’ consensus estimates of $0.36. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. During the same quarter last year, the firm posted $0.32 earnings per share. On average, analysts forecast that Paypal Holdings will post $1.50 earnings per share for the current year.
In other Paypal Holdings news, SVP Tomer Barel sold 5,862 shares of Paypal Holdings stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $37.21, for a total transaction of $218,125.02. Following the transaction, the senior vice president now owns 27,017 shares of the company’s stock, valued at approximately $1,005,302.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $40.87, for a total value of $70,541.62. Following the transaction, the executive vice president now directly owns 44,505 shares in the company, valued at approximately $1,818,919.35. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in PYPL. Cim LLC boosted its position in Paypal Holdings by 4.2% in the third quarter. Cim LLC now owns 246,527 shares of the company’s stock valued at $10,101,000 after buying an additional 10,035 shares during the period. BLB&B Advisors LLC purchased a new stake in shares of Paypal Holdings during the third quarter valued at approximately $217,000. Advisor Consultant Network Inc. purchased a new stake in shares of Paypal Holdings during the third quarter valued at approximately $795,000. Charter Trust Co. boosted its stake in shares of Paypal Holdings by 0.8% in the third quarter. Charter Trust Co. now owns 6,341 shares of the company’s stock valued at $260,000 after buying an additional 50 shares during the last quarter. Finally, Peddock Capital Advisors LLC boosted its stake in shares of Paypal Holdings by 1.5% in the third quarter. Peddock Capital Advisors LLC now owns 10,037 shares of the company’s stock valued at $411,000 after buying an additional 145 shares during the last quarter. 78.60% of the stock is currently owned by institutional investors.
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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