Q3 2016 Earnings Estimate for Paypal Holdings Inc. (PYPL) Issued By William Blair
Paypal Holdings Inc. (NASDAQ:PYPL) – Stock analysts at William Blair cut their Q3 2016 EPS estimates for Paypal Holdings in a report released on Thursday. William Blair analyst R. Napoli now forecasts that the brokerage will post earnings per share of $0.27 for the quarter, down from their previous estimate of $0.28. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Paypal Holdings’ FY2017 earnings at $1.39 EPS and FY2018 earnings at $1.68 EPS.
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The company earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same quarter in the previous year, the business earned $0.32 EPS.
PYPL has been the subject of several other research reports. BTIG Research set a $48.00 price target on Paypal Holdings and gave the stock a “buy” rating in a research note on Wednesday, September 7th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal Holdings in a research note on Sunday, August 28th. Vetr raised Paypal Holdings from a “hold” rating to a “buy” rating and set a $42.50 target price for the company in a research note on Monday, October 3rd. Wedbush reaffirmed an “outperform” rating and set a $50.00 target price on shares of Paypal Holdings in a research note on Friday, September 23rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $44.00 target price on shares of Paypal Holdings in a research note on Wednesday, September 14th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Paypal Holdings has a consensus rating of “Hold” and a consensus target price of $44.26.
Paypal Holdings (NASDAQ:PYPL) traded up 0.523% during mid-day trading on Friday, reaching $39.405. The company’s stock had a trading volume of 2,997,897 shares. The firm has a 50-day moving average of $39.36 and a 200 day moving average of $38.45. Paypal Holdings has a 1-year low of $30.52 and a 1-year high of $41.75. The firm has a market capitalization of $46.58 billion, a price-to-earnings ratio of 35.823 and a beta of 1.10.
In other news, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total value of $70,541.62. Following the completion of the sale, the executive vice president now directly owns 44,505 shares of the company’s stock, valued at approximately $1,818,919.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William J. Ready sold 26,037 shares of Paypal Holdings stock in a transaction 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 sale, the senior vice president now directly owns 105,906 shares of the company’s stock, valued at $4,028,664.24. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in PYPL. Feltz Wealth PLAN Inc. purchased a new stake in Paypal Holdings during the second quarter valued at approximately $100,000. SevenBridge Financial Group LLC purchased a new stake in Paypal Holdings during the second quarter valued at approximately $120,000. Global X Management Co. LLC boosted its stake in Paypal Holdings by 253.7% in the second quarter. Global X Management Co. LLC now owns 3,445 shares of the company’s stock valued at $126,000 after buying an additional 2,471 shares during the period. Mycio Wealth Partners LLC boosted its stake in Paypal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock valued at $128,000 after buying an additional 909 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its stake in Paypal Holdings by 179.6% in the second quarter. Ropes Wealth Advisors LLC now owns 3,523 shares of the company’s stock valued at $129,000 after buying an additional 2,263 shares during the period. 78.77% of the stock is owned by institutional investors.
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.
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