Barclays PLC Raises PayPal Holdings, Inc. (PYPL) Price Target to $75.00
PayPal Holdings, Inc. (NASDAQ:PYPL) had its price target upped by analysts at Barclays PLC from $69.00 to $75.00 in a report released on Wednesday. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Barclays PLC’s price objective suggests a potential upside of 13.57% from the company’s previous close.
A number of other research analysts have also recently commented on the stock. Credit Suisse Group restated an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Wednesday, July 19th. BidaskClub upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Jefferies Group LLC restated a “buy” rating and issued a $61.27 price target (down from $70.00) on shares of PayPal Holdings in a report on Wednesday, September 6th. Finally, Craig Hallum set a $65.00 price target on shares of PayPal Holdings and gave the stock a “buy” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $63.14.
PayPal Holdings (NASDAQ:PYPL) traded up 2.900% during midday trading on Wednesday, hitting $67.955. 5,496,404 shares of the stock traded hands. The firm’s 50-day moving average is $63.85 and its 200-day moving average is $63.85. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $68.12. The company has a market cap of $81.71 billion, a price-to-earnings ratio of 57.589 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. Analysts predict that PayPal Holdings will post $1.84 EPS for the current year.
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In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the completion of the transaction, the director now directly owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total transaction of $79,709.00. Following the transaction, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at $2,212,028. The disclosure for this sale can be found here. Insiders have sold a total of 261,351 shares of company stock valued at $15,302,809 over the last three months. 6.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Thompson Davis & CO. Inc. grew its stake in shares of PayPal Holdings by 36.7% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after purchasing an additional 649 shares during the period. Stelac Advisory Services LLC acquired a new stake in shares of PayPal Holdings during the 1st quarter worth approximately $119,000. Archford Capital Strategies LLC grew its stake in shares of PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after purchasing an additional 1,281 shares during the period. Balentine LLC grew its stake in shares of PayPal Holdings by 28.7% during the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 780 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of PayPal Holdings by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 1,808 shares during the period. 82.47% of the stock is owned by 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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