PayPal Holdings, Inc. (PYPL) Rating Reiterated by SunTrust Banks, Inc.
PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “hold” rating reiterated by equities research analysts at SunTrust Banks, Inc. in a report issued on Friday. They currently have a $75.00 target price on the credit services provider’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 5.68% from the company’s previous close.
Several other equities research analysts have also recently commented on the company. Citigroup Inc. reissued a “buy” rating and issued a $67.00 target price (up from $62.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Cantor Fitzgerald restated a “buy” rating and issued a $79.00 price target on shares of PayPal Holdings in a research report on Friday. BTIG Research lifted their target price on PayPal Holdings from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. Monness Crespi & Hardt lifted their target price on PayPal Holdings from $73.00 to $80.00 and gave the stock a “buy” rating in a report on Friday. Finally, Mizuho reiterated a “neutral” rating and set a $48.00 target price on shares of PayPal Holdings in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $69.07.
Shares of PayPal Holdings (NASDAQ 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 released its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating 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 firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the firm posted $0.35 EPS. The business’s 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 PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total transaction of $79,709.00. Following the completion of the sale, the executive vice president now directly owns 37,492 shares in the company, valued at approximately $2,212,028. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the 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 owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The disclosure for this sale can be found here. Insiders sold 261,351 shares of company stock valued at $15,302,809 over the last 90 days. 6.00% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in PayPal Holdings by 0.9% during 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 during the period. Shikiar Asset Management Inc. grew its holdings in PayPal Holdings by 2,671.9% during the 2nd quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock worth $7,587,000 after acquiring an additional 136,265 shares during the period. Smith Asset Management Group LP acquired a new stake in PayPal Holdings during the 2nd quarter worth about $50,648,000. Fundsmith LLP grew its holdings in PayPal Holdings by 6.8% during the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after acquiring an additional 889,976 shares during the period. Finally, GAM Holding AG grew its holdings in PayPal Holdings by 14.3% during the 2nd quarter. GAM Holding AG now owns 225,782 shares of the credit services provider’s stock worth $12,118,000 after acquiring an additional 28,265 shares during the period. Hedge funds and other 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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