Paypal Holdings Inc (NASDAQ:PYPL) – Research analysts at Wedbush upped their Q3 2018 EPS estimates for shares of Paypal in a note issued to investors on Wednesday. Wedbush analyst M. Katri now anticipates that the credit services provider will post earnings of $0.40 per share for the quarter, up from their prior forecast of $0.37. Wedbush also issued estimates for Paypal’s Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.59 EPS, Q1 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.49 EPS and FY2019 earnings at $1.84 EPS.
A number of other research firms also recently commented on PYPL. Credit Suisse Group reaffirmed an “outperform” rating and set a $70.00 target price (up previously from $63.00) on shares of Paypal in a report on Tuesday, October 10th. BTIG Research reaffirmed a “buy” rating and set a $81.00 target price on shares of Paypal in a report on Sunday, November 19th. Vetr raised Paypal from a “hold” rating to a “buy” rating and set a $80.21 target price for the company in a report on Wednesday, November 29th. Robert W. Baird lifted their target price on Paypal from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Finally, Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Wednesday, December 20th. Ten analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Paypal has an average rating of “Buy” and a consensus target price of $76.55.
Institutional investors and hedge funds have recently modified their holdings of the stock. San Francisco Sentry Investment Group CA increased its position in shares of Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,217 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Paypal during the third quarter worth approximately $113,000. Kistler Tiffany Companies LLC increased its position in shares of Paypal by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 1,684 shares in the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Paypal by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 1,808 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its position in shares of Paypal by 294.3% during the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock worth $155,000 after purchasing an additional 1,807 shares in the last quarter. Hedge funds and other institutional investors own 81.71% of the company’s stock.
In other Paypal news, Director Rodney C. Adkins acquired 6,750 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the transaction, the director now directly owns 10,149 shares of the company’s stock, valued at $751,431.96. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.00% of the stock is owned by insiders.
Paypal 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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