Paypal Holdings Inc. (PYPL) Given “Buy” Rating at BTIG Research
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by equities researchers at BTIG Research in a research note issued to investors on Tuesday. They currently have a $48.00 price target on the stock. BTIG Research’s price target would suggest a potential upside of 21.58% from the company’s previous close.
PYPL has been the subject of several other reports. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a research note on Sunday, August 28th. Vetr upgraded shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $42.50 target price for the company in a research note on Monday, October 3rd. Wedbush restated an “outperform” rating and issued a $50.00 target price on shares of Paypal Holdings in a research note on Friday, September 23rd. Deutsche Bank AG restated a “buy” rating and issued a $44.00 target price on shares of Paypal Holdings in a research note on Wednesday, September 14th. Finally, Canaccord Genuity downgraded shares of Paypal Holdings from a “buy” rating to a “hold” rating and decreased their target price for the company from $45.00 to $40.00 in a research note on Monday, September 19th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $44.73.
Paypal Holdings (NASDAQ:PYPL) traded up 1.051% on Tuesday, hitting $39.895. The stock had a trading volume of 2,586,224 shares. The stock has a 50 day moving average price of $39.46 and a 200 day moving average price of $38.45. Paypal Holdings has a 1-year low of $30.52 and a 1-year high of $41.75. The company has a market cap of $47.16 billion, a P/E ratio of 36.268 and a beta of 1.09.
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Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The company earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. On average, equities research analysts expect that Paypal Holdings will post $1.50 EPS for the current fiscal year.
In other Paypal Holdings news, SVP William J. Ready sold 48,963 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $38.00, for a total transaction of $1,860,594.00. Following the completion of the sale, the senior vice president now directly owns 56,943 shares of the company’s stock, valued at $2,163,834. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary J. Marino sold 1,726 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $40.87, for a total transaction of $70,541.62. Following the sale, the executive vice president now directly owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Paypal Holdings by 0.9% in the second quarter. Vanguard Group Inc. now owns 69,535,527 shares of the company’s stock worth $2,538,742,000 after buying an additional 620,002 shares during the period. Jackson Square Partners LLC raised its stake in Paypal Holdings by 6.9% in the second quarter. Jackson Square Partners LLC now owns 25,313,524 shares of the company’s stock worth $1,071,595,000 after buying an additional 1,631,771 shares during the period. Orbis Allan Gray Ltd bought a new stake in Paypal Holdings during the first quarter worth about $606,807,000. Lone Pine Capital LLC raised its stake in Paypal Holdings by 6.2% in the second quarter. Lone Pine Capital LLC now owns 11,080,118 shares of the company’s stock worth $404,535,000 after buying an additional 650,000 shares during the period. Finally, Fundsmith LLP raised its stake in Paypal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock worth $361,309,000 after buying an additional 5,276,062 shares during the period. 78.60% of the stock is owned by institutional investors.
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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