Q4 2017 Earnings Estimate for PayPal Holdings, Inc. Issued By Jefferies Group (PYPL)
PayPal Holdings, Inc. (NASDAQ:PYPL) – Equities researchers at Jefferies Group boosted their Q4 2017 earnings per share (EPS) estimates for PayPal Holdings in a report issued on Wednesday. Jefferies Group analyst R. El-Assal now forecasts that the credit services provider will post earnings per share of $0.40 for the quarter, up from their previous forecast of $0.39. Jefferies Group currently has a “Buy” rating and a $61.27 price target on the stock.
PYPL has been the subject of a number of 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 research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. increased their price objective on PayPal Holdings from $50.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Cowen and Company reissued a “market perform” rating and set a $52.00 price objective (up previously from $48.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and set a $52.00 price objective on shares of PayPal Holdings in a research note on Wednesday, July 5th. Finally, Instinet raised their price target on PayPal Holdings from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $59.93.
PayPal Holdings (PYPL) opened at 62.00 on Friday. The firm’s 50-day moving average is $59.74 and its 200 day moving average is $51.08. The company has a market cap of $74.55 billion, a price-to-earnings ratio of 50.00 and a beta of 0.98. PayPal Holdings has a 12-month low of $37.54 and a 12-month high of $62.23.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the business earned $0.36 EPS. The company’s revenue was up 18.3% compared to the same quarter last year.
Hedge funds have recently modified their holdings of the business. Soros Fund Management LLC lifted its holdings in shares of PayPal Holdings by 1.0% in the 1st quarter. Soros Fund Management LLC now owns 815,613 shares of the credit services provider’s stock worth $35,088,000 after buying an additional 8,200 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of PayPal Holdings by 236.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 14,586 shares of the credit services provider’s stock worth $627,000 after acquiring an additional 10,250 shares in the last quarter. Comerica Bank raised its position in shares of PayPal Holdings by 2.3% in the 1st quarter. Comerica Bank now owns 466,588 shares of the credit services provider’s stock worth $21,999,000 after acquiring an additional 10,270 shares in the last quarter. Clean Yield Group bought a new position in shares of PayPal Holdings in the 1st quarter worth $127,000. Finally, Rhumbline Advisers raised its position in shares of PayPal Holdings by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock worth $99,318,000 after acquiring an additional 17,139 shares in the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the sale, the executive vice president now directly owns 37,491 shares in the company, valued at approximately $2,025,638.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO William J. Ready sold 90,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the completion of the sale, the chief operating officer now owns 29,252 shares of the company’s stock, valued at $1,733,181. The disclosure for this sale can be found here. Insiders sold a total of 262,702 shares of company stock valued at $15,375,804 over the last quarter. Company insiders own 6.00% of the company’s stock.
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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