PayPal Holdings, Inc. (PYPL) Upgraded to “B-” at TheStreet
PayPal Holdings, Inc. (NASDAQ:PYPL) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued on Monday.
Several other research analysts have also recently commented on PYPL. Mizuho restated a “neutral” rating and issued a $48.00 target price on shares of PayPal Holdings in a research report on Wednesday, June 28th. Royal Bank Of Canada restated a “buy” rating and issued a $52.00 target price on shares of PayPal Holdings in a research report on Wednesday. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 target price for the company in a research report on Tuesday. Craig Hallum set a $65.00 target price on shares of PayPal Holdings and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Finally, BidaskClub upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $51.73.
Shares of PayPal Holdings (NASDAQ PYPL) traded up 1.262% during midday trading on Monday, reaching $54.145. 2,659,693 shares of the company were exchanged. The stock has a market capitalization of $65.04 billion, a price-to-earnings ratio of 46.278 and a beta of 0.95. The company’s 50-day moving average price is $52.01 and its 200 day moving average price is $44.86. PayPal Holdings has a 52-week low of $35.72 and a 52-week high of $55.14. PayPal Holdings also was the recipient of unusually large options trading activity on Tuesday. Traders bought 1,098 put options on the stock. This represents an increase of approximately 220% compared to the average daily volume of 343 put options.
PayPal Holdings (NASDAQ:PYPL) last posted its 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. PayPal Holdings had a return on equity of 10.78% and a net margin of 12.60%. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company posted $0.37 EPS. PayPal Holdings’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, equities analysts predict that PayPal Holdings will post $1.78 earnings per share for the current year.
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In other PayPal Holdings news, Director Gail J. Mcgovern sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $53.97, for a total value of $97,146.00. Following the transaction, the director now owns 12,647 shares in the company, valued at approximately $682,558.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the completion of the transaction, the executive vice president now owns 37,491 shares in the company, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,501 shares of company stock worth $240,989. Company insiders own 6.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. raised its position 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 valued at $104,000 after buying an additional 649 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in PayPal Holdings during the first quarter valued at $106,000. Carroll Financial Associates Inc. raised its position 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 valued at $108,000 after buying an additional 740 shares in the last quarter. Stelac Advisory Services LLC bought a new position in PayPal Holdings during the first quarter valued at $119,000. Finally, West Oak Capital LLC raised its position 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 valued at $123,000 after buying an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.
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.
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