Paypal Holdings Inc. (PYPL) Upgraded at Vetr Inc.
Several other brokerages have also issued reports on PYPL. Credit Agricole SA set a $38.00 price objective on Paypal Holdings and gave the company a sell rating in a research report on Thursday, September 15th. Sanford C. Bernstein reiterated a market perform rating and issued a $41.00 price objective on shares of Paypal Holdings in a research report on Wednesday, October 5th. Nomura reiterated a buy rating and issued a $54.00 price objective on shares of Paypal Holdings in a research report on Wednesday, October 5th. Canaccord Genuity lowered Paypal Holdings from a buy rating to a hold rating and decreased their price objective for the company from $45.00 to $40.00 in a research report on Monday, September 19th. Finally, Wells Fargo & Co. lowered Paypal Holdings from an outperform rating to a market perform rating in a research report on Friday, July 22nd. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $44.26.
Paypal Holdings (NASDAQ:PYPL) opened at 39.20 on Tuesday. The company has a market cap of $46.33 billion, a price-to-earnings ratio of 35.64 and a beta of 1.10. Paypal Holdings has a 52-week low of $30.52 and a 52-week high of $41.75. The stock has a 50 day moving average of $39.36 and a 200-day moving average of $38.45.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The business earned $2.65 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the firm earned $0.32 EPS. On average, analysts forecast that Paypal Holdings will post $1.50 EPS for the current year.
In related news, EVP Gary J. Marino sold 1,726 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $40.87, for a total value of $70,541.62. Following the sale, the executive vice president now directly owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tomer Barel sold 5,862 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $37.21, for a total value of $218,125.02. Following the completion of the sale, the senior vice president now directly owns 27,017 shares in the company, valued at $1,005,302.57. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in PYPL. Orbis Allan Gray Ltd acquired a new stake in Paypal Holdings during the first quarter valued at $606,807,000. Fundsmith LLP raised its stake in 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 during the period. Coatue Management LLC raised its stake in 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 during the period. Pennant Capital Management LLC acquired a new stake in Paypal Holdings during the first quarter valued at $123,662,000. Finally, Brown Advisory Inc. raised its stake in 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 during the period. 78.77% of the stock is currently owned by institutional investors and hedge funds.
About Paypal Holdings
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.
To view Vetr’s full report, visit Vetr’s official website.
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