Paypal Holdings Inc (NASDAQ:PYPL)‘s stock had its “equal weight” rating reiterated by analysts at Morgan Stanley in a note issued to investors on Friday. They presently have a $49.00 price target on the credit services provider’s stock, up from their prior price target of $44.00. Morgan Stanley’s target price would indicate a potential downside of 0.22% from the company’s current price.

Several other research analysts also recently commented on PYPL. Canaccord Genuity reissued a “hold” rating and issued a $40.00 price target on shares of Paypal Holdings in a report on Friday, January 20th. Wedbush initiated coverage on shares of Paypal Holdings in a report on Friday, January 20th. They issued an “outperform” rating and a $54.00 price target for the company. Cantor Fitzgerald reissued a “positive” rating and issued a $48.00 price target on shares of Paypal Holdings in a report on Monday, January 23rd. Loop Capital reissued a “hold” rating and issued a $44.00 price target on shares of Paypal Holdings in a report on Tuesday, January 24th. Finally, Barclays PLC reissued an “overweight” rating and issued a $47.00 price target on shares of Paypal Holdings in a report on Friday, January 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Paypal Holdings currently has an average rating of “Buy” and a consensus price target of $48.89.

Analyst Recommendations for Paypal Holdings (NASDAQ:PYPL)

Shares of Paypal Holdings (NASDAQ:PYPL) opened at 49.39 on Friday. The company has a market capitalization of $59.33 billion, a PE ratio of 42.21 and a beta of 0.91. Paypal Holdings has a 1-year low of $34.00 and a 1-year high of $50.35. The firm’s 50-day moving average price is $46.06 and its 200 day moving average price is $42.30.

Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, April 26th. The credit services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Paypal Holdings had a net margin of 12.92% and a return on equity of 10.69%. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $0.37 earnings per share. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. Equities analysts predict that Paypal Holdings will post $1.78 EPS for the current fiscal year.

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In related news, EVP Gary J. Marino sold 17,386 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $42.63, for a total transaction of $741,165.18. Following the transaction, the executive vice president now owns 40,740 shares in the company, valued at $1,736,746.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary J. Marino sold 13,535 shares of the business’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $42.52, for a total transaction of $575,508.20. Following the transaction, the executive vice president now owns 39,405 shares in the company, valued at approximately $1,675,500.60. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in PYPL. Marcus Capital LLC boosted its position in shares of Paypal Holdings by 0.7% in the third quarter. Marcus Capital LLC now owns 52,800 shares of the credit services provider’s stock valued at $2,163,000 after buying an additional 375 shares in the last quarter. Dodge & Cox bought a new position in shares of Paypal Holdings during the fourth quarter valued at about $7,816,000. NF Trinity Capital Hong Kong Ltd bought a new position in shares of Paypal Holdings during the third quarter valued at about $4,281,000. Advisors Asset Management Inc. boosted its position in shares of Paypal Holdings by 15.7% in the third quarter. Advisors Asset Management Inc. now owns 149,575 shares of the credit services provider’s stock valued at $6,128,000 after buying an additional 20,331 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Paypal Holdings by 14.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,023,917 shares of the credit services provider’s stock valued at $41,950,000 after buying an additional 131,971 shares in the last quarter. Institutional investors own 81.22% of the company’s stock.

About Paypal Holdings

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

12 Month Chart for NASDAQ:PYPL

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