PayPal Holdings, Inc. (PYPL) PT Raised to $77.00 at Morgan Stanley
PayPal Holdings, Inc. (NASDAQ:PYPL) had its target price hoisted by equities research analysts at Morgan Stanley from $76.00 to $77.00 in a research note issued to investors on Friday. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Morgan Stanley’s price target points to a potential upside of 14.50% from the stock’s current price.
A number of other equities analysts have also commented on the company. Credit Suisse Group reissued an “outperform” rating on shares of PayPal Holdings in a research note on Tuesday, September 5th. Zacks Investment Research raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Wednesday, July 19th. Citigroup Inc. increased their price target on PayPal Holdings to $77.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. BidaskClub raised PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $61.27 price target (down from $70.00) on shares of PayPal Holdings in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $67.58.
Shares of PayPal Holdings (NASDAQ:PYPL) opened at 67.25 on Friday. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $69.61. The company has a 50-day moving average price of $64.75 and a 200-day moving average price of $64.75. The company has a market cap of $80.86 billion, a P/E ratio of 54.23 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 21.4% on a year-over-year basis. On average, equities analysts predict that PayPal Holdings will post $1.84 EPS for the current year.
In other news, COO William J. Ready sold 90,000 shares of the firm’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 approximately $1,733,181. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the sale, the director now directly owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. Insiders sold a total of 261,351 shares of company stock valued at $15,302,809 in the last three months. Insiders own 6.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Terra Nova Asset Management acquired a new stake in shares of PayPal Holdings in the 3rd quarter worth $1,576,000. Hutchens Investment Management Inc acquired a new stake in shares of PayPal Holdings in the 4th quarter worth $1,950,000. Artemis Investment Management LLP boosted its position in shares of PayPal Holdings by 60.6% in the 2nd quarter. Artemis Investment Management LLP now owns 342,141 shares of the credit services provider’s stock worth $12,495,000 after purchasing an additional 129,047 shares in the last quarter. Janus Capital Management acquired a new stake in shares of PayPal Holdings in the 3rd quarter worth $7,244,000. Finally, Dowling & Yahnke LLC acquired a new stake in shares of PayPal Holdings in the 4th quarter worth $2,303,000. 82.47% of the stock is owned by hedge funds and other institutional investors.
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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