PayPal Holdings, Inc. (PYPL) PT Raised to $80.00
PayPal Holdings, Inc. (NASDAQ:PYPL) had its target price increased by equities research analysts at Monness Crespi & Hardt from $73.00 to $80.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. Monness Crespi & Hardt’s target price suggests a potential upside of 12.72% from the company’s previous close.
Other analysts also recently issued research reports about the company. TheStreet upgraded PayPal Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 3rd. BTIG Research raised their price objective on PayPal Holdings from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, June 26th. Royal Bank Of Canada reiterated a “buy” rating and issued a $52.00 price objective on shares of PayPal Holdings in a research report on Wednesday, July 5th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price objective for the company in a research report on Tuesday, July 4th. Finally, Craig Hallum set a $65.00 target price on PayPal Holdings and gave the stock a “buy” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.07.
Shares of PayPal Holdings (PYPL) traded up 5.53% during midday trading on Friday, hitting $70.97. The stock had a trading volume of 34,282,802 shares. PayPal Holdings has a 12-month low of $38.06 and a 12-month high of $71.73. The firm has a 50-day moving average of $64.95 and a 200 day moving average of $64.95. The firm has a market cap of $85.33 billion, a PE ratio of 57.23 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.46% and a net margin of 12.69%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the company earned $0.35 EPS. The company’s quarterly revenue was up 21.4% on a year-over-year basis. On average, analysts expect that PayPal Holdings will post $1.84 earnings per share for the current year.
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In other news, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the sale, the executive vice president now owns 37,492 shares in the company, valued at $2,212,028. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 261,351 shares of company stock worth $15,302,809. Corporate insiders own 6.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Guardian Life Insurance Co. of America lifted its holdings in shares of PayPal Holdings by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 38 shares in the last quarter. Apriem Advisors lifted its holdings in shares of PayPal Holdings by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of PayPal Holdings by 0.4% in the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after purchasing an additional 60 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of PayPal Holdings by 0.4% in the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares in the last quarter. Finally, Train Babcock Advisors LLC lifted its holdings in shares of PayPal Holdings by 1.6% in the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 82.47% 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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