Paypal Holdings Inc. (PYPL) Now Covered by Evercore ISI
Stock analysts at Evercore ISI began coverage on shares of Paypal Holdings Inc. (NASDAQ:PYPL) in a research report issued on Tuesday. The brokerage set a “buy” rating and a $46.00 price target on the stock. Evercore ISI’s price objective would suggest a potential upside of 16.51% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group AG raised their price target on shares of Paypal Holdings from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, July 22nd. Robert W. Baird reaffirmed 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 reaffirmed a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Credit Agricole SA reaffirmed 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 cut shares of 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. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Paypal Holdings has a consensus rating of “Buy” and an average target price of $44.73.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 39.48 on Tuesday. The stock has a market capitalization of $46.67 billion, a P/E ratio of 35.89 and a beta of 1.09. Paypal Holdings has a 52 week low of $30.52 and a 52 week high of $41.75. The company’s 50-day moving average is $39.46 and its 200 day moving average is $38.45.
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Paypal Holdings (NASDAQ:PYPL) last posted its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The firm earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the firm posted $0.32 EPS. On average, equities analysts forecast that Paypal Holdings will post $1.50 EPS for the current fiscal year.
In other news, SVP William J. Ready sold 26,037 shares of the firm’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 sale, the senior vice president now directly owns 105,906 shares in the company, valued at $4,028,664.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP William J. Ready sold 48,963 shares of the firm’s stock in a transaction on 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 completion of the sale, the senior vice president now owns 56,943 shares of the company’s stock, valued at $2,163,834. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Feltz Wealth PLAN Inc. acquired a new stake in shares of Paypal Holdings during the second quarter worth $100,000. SevenBridge Financial Group LLC purchased a new position in Paypal Holdings during the second quarter valued at about $120,000. Global X Management Co. LLC boosted 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 valued at $126,000 after buying an additional 2,471 shares in the last quarter. Mycio Wealth Partners LLC boosted 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 valued at $128,000 after buying an additional 909 shares in the last quarter. Finally, Ropes Wealth Advisors LLC boosted 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 valued at $129,000 after buying an additional 2,263 shares in the last quarter. Institutional investors 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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