PayPal Holdings, Inc. (NASDAQ:PYPL) was downgraded by equities research analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating in a report released on Wednesday, The Fly reports.

PYPL has been the subject of several other research reports. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price objective for the company in a report on Tuesday, July 4th. Morgan Stanley boosted their price objective on PayPal Holdings from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Royal Bank Of Canada reissued a “buy” rating and set a $52.00 price objective on shares of PayPal Holdings in a report on Wednesday, July 5th. Instinet boosted their price objective on PayPal Holdings from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, June 6th. Finally, Robert W. Baird boosted their price objective on PayPal Holdings from $48.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $53.64.

Shares of PayPal Holdings (NASDAQ PYPL) opened at 58.96 on Wednesday. The firm has a market capitalization of $70.83 billion, a P/E ratio of 50.39 and a beta of 0.95. PayPal Holdings has a 52 week low of $36.28 and a 52 week high of $58.96. The firm’s 50-day moving average is $53.91 and its 200-day moving average is $46.34.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data 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 return on equity of 10.78% and a net margin of 12.60%. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings will post $1.78 EPS for the current year.

PayPal Holdings declared that its Board of Directors has initiated a stock repurchase program on Wednesday, April 26th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to repurchase up to 9.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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In other PayPal Holdings news, Director Gail J. Mcgovern sold 1,800 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.97, for a total value of $97,146.00. Following the transaction, the director now directly owns 12,647 shares of the company’s stock, valued at $682,558.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary J. Marino sold 1,350 shares of the firm’s 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 in the company, valued at $1,967,527.68. The disclosure for this sale can be found here. Insiders sold 4,501 shares of company stock worth $240,989 over the last three months. Insiders own 6.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. Aperio Group LLC boosted its position in shares of PayPal Holdings by 13.2% in the second quarter. Aperio Group LLC now owns 500,193 shares of the credit services provider’s stock valued at $26,845,000 after buying an additional 58,193 shares during the last quarter. Main Street Research LLC boosted its position in shares of PayPal Holdings by 12.2% in the second quarter. Main Street Research LLC now owns 6,874 shares of the credit services provider’s stock valued at $369,000 after buying an additional 750 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of PayPal Holdings by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 69,300 shares of the credit services provider’s stock valued at $3,719,000 after buying an additional 300 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of PayPal Holdings by 4.1% in the second quarter. LS Investment Advisors LLC now owns 22,091 shares of the credit services provider’s stock valued at $1,186,000 after buying an additional 864 shares during the last quarter. Finally, Marathon Asset Management LLP boosted its position in shares of PayPal Holdings by 44.1% in the second quarter. Marathon Asset Management LLP now owns 1,580,427 shares of the credit services provider’s stock valued at $84,822,000 after buying an additional 483,723 shares during the last quarter. 81.53% of the stock is currently 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.

The Fly

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

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