Nomura Reiterates “Buy” Rating for Paypal Holdings Inc. (PYPL)
Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reiterated by equities researchers at Nomura in a research note issued on Wednesday. They currently have a $54.00 price target on the stock. Nomura’s target price would suggest a potential upside of 34.40% from the stock’s current price.
A number of other research analysts have also issued reports on the stock. Credit Suisse Group AG upped their price target on shares of Paypal Holdings from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, July 22nd. Robert W. Baird reiterated an “outperform” rating and issued a $48.00 price objective on shares of Paypal Holdings in a research note on Sunday, July 24th. Royal Bank Of Canada reiterated a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Credit Agricole SA reiterated an “underperform” rating and issued a $38.00 price objective on shares of Paypal Holdings in a research note on Wednesday, June 29th. Finally, Vetr lowered shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $40.53 price objective on the stock. in a research note on Monday, July 11th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.95.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 40.18 on Wednesday. Paypal Holdings has a 12 month low of $30.52 and a 12 month high of $41.75. The company has a 50-day moving average price of $39.13 and a 200-day moving average price of $38.47. The company has a market capitalization of $47.49 billion, a price-to-earnings ratio of 36.53 and a beta of 1.10.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the business posted $0.32 EPS. On average, equities analysts anticipate that Paypal Holdings will post $1.50 EPS for the current year.
In related news, SVP William J. Ready sold 26,037 shares of Paypal Holdings stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the completion of the transaction, the senior vice president now owns 105,906 shares in the company, valued at $4,028,664.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the completion of the transaction, the executive vice president now owns 44,505 shares of the company’s stock, valued at approximately $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PYPL. Orbis Allan Gray Ltd purchased a new position in shares of Paypal Holdings during the first quarter worth about $606,807,000. Fundsmith LLP increased its stake in shares of Paypal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock valued at $361,309,000 after buying an additional 5,276,062 shares in the last quarter. Coatue Management LLC increased its stake in shares of Paypal Holdings by 107.1% in the second quarter. Coatue Management LLC now owns 8,983,256 shares of the company’s stock valued at $327,979,000 after buying an additional 4,645,171 shares in the last quarter. Pennant Capital Management LLC bought a new stake in shares of Paypal Holdings during the first quarter valued at $123,662,000. Finally, Brown Advisory Inc. increased its stake in shares of Paypal Holdings by 157.4% in the second quarter. Brown Advisory Inc. now owns 5,202,891 shares of the company’s stock valued at $189,957,000 after buying an additional 3,181,496 shares in the last quarter. Institutional investors own 78.77% of the company’s stock.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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