PayPal Holdings, Inc. (PYPL) Upgraded at KeyCorp
PayPal Holdings, Inc. (NASDAQ:PYPL) was upgraded by KeyCorp to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $60.00 price target on the credit services provider’s stock. KeyCorp’s target price would indicate a potential upside of 12.07% from the company’s current price.
Other research analysts have also recently issued reports about the company. Royal Bank Of Canada raised their target price on PayPal Holdings from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Monness Crespi & Hardt raised their target price on PayPal Holdings from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 target price on the stock in a research report on Wednesday, May 17th. Wedbush reissued an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, June 6th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $62.00 target price (up from $52.00) on shares of PayPal Holdings in a research report on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. PayPal Holdings currently has a consensus rating of “Buy” and an average price target of $51.10.
PayPal Holdings (NASDAQ:PYPL) traded up 1.94% during midday trading on Wednesday, reaching $53.54. PayPal Holdings has a 12 month low of $34.00 and a 12 month high of $55.14. The stock has a market cap of $64.32 billion, a price-to-earnings ratio of 45.76 and a beta of 0.95. The firm has a 50 day moving average of $51.11 and a 200 day moving average of $44.20. PayPal Holdings also saw unusually large options trading on Monday. Stock traders bought 5,754 put options on the stock. This represents an increase of 123% compared to the average daily volume of 2,578 put options.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data 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. PayPal Holdings had a return on equity of 10.78% and a net margin of 12.60%. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. PayPal Holdings’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. Equities analysts anticipate that PayPal Holdings will post $1.78 earnings per share for the current fiscal year.
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In other PayPal Holdings news, Director Gail J. Mcgovern sold 1,800 shares of PayPal Holdings stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $53.97, for a total value of $97,146.00. Following the sale, the director now owns 12,647 shares of the company’s stock, valued at approximately $682,558.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gary J. Marino sold 13,535 shares of PayPal Holdings stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $42.52, for a total value of $575,508.20. Following the completion of the sale, the executive vice president now directly owns 39,405 shares in the company, valued at approximately $1,675,500.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,685 shares of company stock worth $743,502. Corporate insiders own 6.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Elkfork Partners LLC purchased a new stake in PayPal Holdings during the fourth quarter worth about $568,000. Keybank National Association OH increased its position in PayPal Holdings by 5.4% in the fourth quarter. Keybank National Association OH now owns 148,894 shares of the credit services provider’s stock valued at $5,877,000 after buying an additional 7,632 shares in the last quarter. Pinnacle Associates Ltd. increased its position in PayPal Holdings by 17.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 20,027 shares of the credit services provider’s stock valued at $790,000 after buying an additional 2,951 shares in the last quarter. LVW Advisors LLC increased its position in PayPal Holdings by 3.6% in the fourth quarter. LVW Advisors LLC now owns 5,397 shares of the credit services provider’s stock valued at $213,000 after buying an additional 190 shares in the last quarter. Finally, Tandem Investment Advisors Inc. bought a new position in PayPal Holdings during the fourth quarter valued at $273,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.
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.
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