Paypal Holdings’ (PYPL) “Buy” Rating Reaffirmed at Nomura
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reissued by analysts at Nomura in a report issued on Monday. They currently have a $54.00 target price on the stock. Nomura’s price objective points to a potential upside of 36.78% from the company’s previous close.
Several other research firms also recently weighed in on PYPL. Credit Suisse Group AG boosted their price target on Paypal Holdings from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, July 22nd. Robert W. Baird reiterated an “outperform” rating and set a $48.00 price target on shares of Paypal Holdings in a research note on Sunday, July 24th. Royal Bank Of Canada reiterated a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Credit Agricole SA reiterated an “underperform” rating and set a $38.00 price target on shares of Paypal Holdings in a research note on Wednesday, June 29th. Finally, Vetr downgraded Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $40.53 price target on the stock. in a research note on Monday, July 11th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Paypal Holdings has a consensus rating of “Hold” and a consensus price target of $44.40.
Shares of Paypal Holdings (NASDAQ:PYPL) traded up 0.61% during mid-day trading on Monday, reaching $39.48. The company had a trading volume of 5,279,515 shares. Paypal Holdings has a 52 week low of $30.52 and a 52 week high of $41.75. The stock has a 50 day moving average of $39.41 and a 200-day moving average of $38.46. The company has a market capitalization of $46.67 billion, a price-to-earnings ratio of 35.89 and a beta of 1.09.
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Paypal Holdings (NASDAQ:PYPL) last announced its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the company posted $0.32 EPS. On average, analysts expect that Paypal Holdings will post $1.50 earnings per share for the current fiscal year.
In related news, SVP William J. Ready sold 26,037 shares of Paypal Holdings 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 $4,028,664.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings 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. Insiders own 7.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Feltz Wealth PLAN Inc. bought a new position in Paypal Holdings during the second quarter worth about $100,000. SevenBridge Financial Group LLC bought a new position in Paypal Holdings during the second quarter worth about $120,000. Global X Management Co. LLC raised its position in Paypal Holdings by 253.7% in the second quarter. Global X Management Co. LLC now owns 3,445 shares of the company’s stock worth $126,000 after buying an additional 2,471 shares during the period. Mycio Wealth Partners LLC raised its position in Paypal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock worth $128,000 after buying an additional 909 shares during the period. Finally, Ropes Wealth Advisors LLC raised its position in Paypal Holdings by 179.6% in the second quarter. Ropes Wealth Advisors LLC now owns 3,523 shares of the company’s stock worth $129,000 after buying an additional 2,263 shares during the period. Hedge funds and other institutional investors own 78.60% 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.
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