Paypal Holdings Inc (NASDAQ:PYPL)‘s stock had its “market perform” rating restated by equities researchers at Sanford C. Bernstein in a report released on Wednesday. They presently have a $46.00 price target on the credit services provider’s stock. Sanford C. Bernstein’s target price would suggest a potential downside of 9.89% from the company’s current price.

Several other analysts have also commented on PYPL. Loop Capital reiterated a “hold” rating and issued a $44.00 price target on shares of Paypal Holdings in a research report on Tuesday, January 24th. Barclays PLC reiterated an “overweight” rating and issued a $47.00 price target on shares of Paypal Holdings in a research report on Friday, January 27th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $47.00 price target on shares of Paypal Holdings in a research report on Friday, January 27th. Mizuho reiterated a “buy” rating and issued a $48.00 price target on shares of Paypal Holdings in a research report on Friday, January 27th. Finally, Morgan Stanley increased their price target on shares of Paypal Holdings from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, January 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.95.

Analyst Recommendations for Paypal Holdings (NASDAQ:PYPL)

Paypal Holdings (NASDAQ:PYPL) traded up 1.84% on Wednesday, reaching $51.05. 6,311,013 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $46.70 and a 200-day moving average of $42.51. Paypal Holdings has a 12-month low of $34.00 and a 12-month high of $51.08. The company has a market cap of $61.32 billion, a P/E ratio of 43.63 and a beta of 0.91.

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

WARNING: “Paypal Holdings Inc (PYPL) Stock Rating Reaffirmed by Sanford C. Bernstein” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/05/24/paypal-holdings-inc-pypl-stock-rating-reaffirmed-by-sanford-c-bernstein.html.

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

A number of large investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. raised its stake in Paypal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in Paypal Holdings during the first quarter worth $106,000. Carroll Financial Associates Inc. raised its stake in Paypal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares during the last quarter. Stelac Advisory Services LLC purchased a new stake in Paypal Holdings during the first quarter worth $119,000. Finally, West Oak Capital LLC raised its stake in Paypal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock worth $123,000 after buying an additional 550 shares during the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Paypal Holdings Company Profile

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

Receive News & Ratings for Paypal Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.