Equities research analysts predict that Paypal Holdings Inc (NASDAQ:PYPL) will post $3.63 billion in sales for the current quarter, according to Zacks. Twelve analysts have made estimates for Paypal’s earnings, with estimates ranging from $3.60 billion to $3.67 billion. Paypal posted sales of $2.98 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 21.8%. The business is expected to issue its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Paypal will report full-year sales of $3.63 billion for the current financial year, with estimates ranging from $12.95 billion to $13.02 billion. For the next fiscal year, analysts expect that the business will post sales of $15.36 billion per share, with estimates ranging from $15.08 billion to $15.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Paypal.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share.

Several equities analysts have recently weighed in on PYPL shares. Zacks Investment Research cut Paypal from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $66.00 price target on shares of Paypal in a research report on Wednesday, September 27th. Susquehanna Bancshares reiterated a “positive” rating and issued a $75.00 price target (up from $67.00) on shares of Paypal in a research report on Friday, September 29th. Robert W. Baird reiterated a “buy” rating and issued a $65.00 price target on shares of Paypal in a research report on Friday, September 29th. Finally, Buckingham Research assumed coverage on Paypal in a research report on Monday, October 2nd. They set a “buy” rating and a $74.00 target price for the company. Ten analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $76.20.

In other Paypal news, Director Rodney C. Adkins purchased 6,750 shares of the stock in a transaction on Friday, December 8th. The stock was acquired at an average price of $74.04 per share, with a total value of $499,770.00. Following the transaction, the director now directly owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Paypal by 36.1% during the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after acquiring an additional 21,814,940 shares during the period. Vanguard Group Inc. grew its holdings in shares of Paypal by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock worth $4,173,311,000 after acquiring an additional 2,115,017 shares during the period. BlackRock Inc. grew its holdings in shares of Paypal by 4.7% during the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock worth $3,377,936,000 after acquiring an additional 2,835,027 shares during the period. Fundsmith LLP grew its holdings in shares of Paypal 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, TIAA CREF Investment Management LLC grew its holdings in shares of Paypal by 0.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 12,608,026 shares of the credit services provider’s stock worth $676,673,000 after acquiring an additional 84,888 shares during the period. 81.90% of the stock is owned by institutional investors and hedge funds.

Shares of Paypal (PYPL) traded up $2.05 during midday trading on Wednesday, hitting $82.47. The stock had a trading volume of 7,145,494 shares, compared to its average volume of 8,500,000. The stock has a market capitalization of $99,120.00 and a PE ratio of 64.43. Paypal has a one year low of $39.02 and a one year high of $82.61.

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About Paypal

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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