PayPal Holdings, Inc. (NASDAQ:PYPL) – Analysts at First Analysis issued their Q3 2018 earnings estimates for PayPal Holdings in a research note issued to investors on Friday. First Analysis analyst forecasts that the credit services provider will post earnings of $0.54 per share for the quarter.

PYPL has been the topic of several other reports. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price target on the stock in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. lifted their price target on shares of PayPal Holdings from $50.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Wells Fargo & Company raised their price objective on shares of PayPal Holdings from $65.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday. Cowen and Company reissued a “market perform” rating and set a $52.00 price objective (up from $48.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $52.00 price objective on shares of PayPal Holdings in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.33.

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Shares of PayPal Holdings (NASDAQ:PYPL) opened at 70.97 on Monday. PayPal Holdings has a 12-month low of $38.06 and a 12-month high of $71.73. The stock has a market capitalization of $85.33 billion, a price-to-earnings ratio of 57.23 and a beta of 0.98. The firm has a 50-day moving average of $64.95 and a 200 day moving average of $64.95.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.46%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share.

Several hedge funds have recently made changes to their positions in PYPL. Greenwood Capital Associates LLC boosted its stake in shares of PayPal Holdings by 19.9% in the first quarter. Greenwood Capital Associates LLC now owns 57,792 shares of the credit services provider’s stock valued at $2,486,000 after purchasing an additional 9,583 shares during the period. Pacer Advisors Inc. boosted its stake in shares of PayPal Holdings by 4.5% in the first quarter. Pacer Advisors Inc. now owns 37,215 shares of the credit services provider’s stock valued at $1,601,000 after purchasing an additional 1,592 shares during the period. Nordea Investment Management AB boosted its stake in shares of PayPal Holdings by 14.8% in the first quarter. Nordea Investment Management AB now owns 179,237 shares of the credit services provider’s stock valued at $7,711,000 after purchasing an additional 23,101 shares during the period. Buckingham Capital Management Inc. boosted its stake in shares of PayPal Holdings by 37.1% in the first quarter. Buckingham Capital Management Inc. now owns 37,653 shares of the credit services provider’s stock valued at $1,620,000 after purchasing an additional 10,191 shares during the period. Finally, Bank Hapoalim BM boosted its stake in shares of PayPal Holdings by 526.9% in the first quarter. Bank Hapoalim BM now owns 70,912 shares of the credit services provider’s stock valued at $3,051,000 after purchasing an additional 59,600 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

In other news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the completion of the transaction, the executive vice president now owns 37,492 shares of the company’s stock, valued at $2,212,028. 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. 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.

Earnings History and Estimates for PayPal Holdings (NASDAQ:PYPL)

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