Craig Hallum Analysts Give PayPal Holdings, Inc. (PYPL) a $65.00 Price Target
PayPal Holdings, Inc. (NASDAQ:PYPL) received a $65.00 price target from equities researchers at Craig Hallum in a report released on Wednesday. The brokerage presently has a “buy” rating on the credit services provider’s stock. Craig Hallum’s price objective indicates a potential upside of 19.51% from the stock’s current price.
PYPL has been the topic of a number of other research reports. Morgan Stanley increased their target price on PayPal Holdings from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. Instinet increased their price target on PayPal Holdings from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Robert W. Baird increased their price target on PayPal Holdings from $48.00 to $53.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Barclays PLC increased their price target on PayPal Holdings from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, May 1st. Finally, Wedbush reissued an “outperform” rating and set a $54.00 price target on shares of PayPal Holdings in a research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. PayPal Holdings currently has an average rating of “Buy” and an average price target of $51.72.
Shares of PayPal Holdings (PYPL) traded up 3.15% during mid-day trading on Wednesday, hitting $54.39. The stock had a trading volume of 7,934,293 shares. The stock has a 50 day moving average of $51.11 and a 200-day moving average of $44.20. The stock has a market capitalization of $65.34 billion, a P/E ratio of 46.49 and a beta of 0.95. PayPal Holdings has a 52 week low of $34.00 and a 52 week high of $55.14.
PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. PayPal Holdings had a return on equity of 10.78% and a net margin of 12.60%. PayPal Holdings’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. On average, equities research analysts predict that PayPal Holdings will post $1.78 earnings per share for the current year.
In other news, EVP Gary J. Marino sold 13,535 shares of PayPal Holdings stock in a transaction dated 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 transaction, the executive vice president now directly owns 39,405 shares of the company’s stock, valued at approximately $1,675,500.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gary J. Marino sold 1,350 shares of PayPal Holdings stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the transaction, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at $1,967,527.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,685 shares of company stock valued at $743,502. 6.00% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in PayPal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after buying an additional 58,026,239 shares during the period. FMR LLC raised its position in PayPal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock valued at $2,600,728,000 after buying an additional 13,296,056 shares during the period. Lone Pine Capital LLC acquired a new position in PayPal Holdings during the fourth quarter valued at $493,348,000. Norges Bank acquired a new position in PayPal Holdings during the fourth quarter valued at $344,012,000. Finally, Renaissance Technologies LLC acquired a new position in PayPal Holdings during the fourth quarter valued at $133,263,000. 81.86% of the stock is owned by hedge funds and other institutional investors.
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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