Paypal Holdings Inc. (PYPL) Receives Buy Rating from BTIG Research
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating restated by BTIG Research in a research report issued on Tuesday. They currently have a $48.00 price target on the stock. BTIG Research’s target price points to a potential upside of 21.58% from the company’s previous close.
Other analysts have also issued reports about the company. Cantor Fitzgerald reissued a “buy” rating on shares of Paypal Holdings in a report on Saturday, July 9th. Deutsche Bank AG reissued a “buy” rating on shares of Paypal Holdings in a report on Sunday, July 17th. Evercore ISI began coverage on Paypal Holdings in a report on Tuesday. They set a “buy” rating and a $46.00 target price on the stock. Credit Agricole SA reissued an “underperform” rating and set a $38.00 target price on shares of Paypal Holdings in a report on Wednesday, June 29th. Finally, Wells Fargo & Co. lowered Paypal Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $44.73.
Paypal Holdings (NASDAQ:PYPL) traded up 1.0304% during trading on Tuesday, hitting $39.8868. The stock had a trading volume of 2,490,228 shares. The company has a 50-day moving average of $39.46 and a 200 day moving average of $38.45. Paypal Holdings has a 52 week low of $30.52 and a 52 week high of $41.75. The company has a market cap of $47.15 billion, a price-to-earnings ratio of 36.2607 and a beta of 1.09.
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Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 return on equity of 10.60% and a net margin of 13.55%. During the same period in the prior year, the firm posted $0.32 EPS. On average, equities research analysts anticipate that Paypal Holdings will post $1.50 EPS for the current year.
In other news, SVP William J. Ready sold 48,963 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $38.00, for a total value of $1,860,594.00. Following the transaction, the senior vice president now owns 56,943 shares in the company, valued at $2,163,834. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary J. Marino sold 1,726 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Feltz Wealth PLAN Inc. acquired a new stake in shares of Paypal Holdings during the second quarter worth approximately $100,000. SevenBridge Financial Group LLC acquired a new stake in shares of Paypal Holdings during the second quarter worth approximately $120,000. Global X Management Co. LLC raised its stake in shares of 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 stake in shares of 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 stake in shares of 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. 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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