Paypal Holdings’ (PYPL) Buy Rating Reiterated at SunTrust Banks Inc.
Several other research analysts also recently issued reports on PYPL. Evercore ISI reiterated a sell rating and set a $34.00 price target on shares of Paypal Holdings in a research report on Tuesday, July 26th. RBC Capital Markets reiterated an outperform rating and set a $46.00 price target on shares of Paypal Holdings in a research report on Wednesday, August 3rd. Piper Jaffray Cos. reiterated a sell rating on shares of Paypal Holdings in a research report on Monday, June 27th. Wedbush reiterated an outperform rating and set a $50.00 price target on shares of Paypal Holdings in a research report on Monday, August 1st. Finally, Vetr upgraded shares of Paypal Holdings from a buy rating to a strong-buy rating and set a $41.29 price target on the stock in a research report on Tuesday, August 2nd. Four research 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 stock. The stock has a consensus rating of Hold and an average target price of $44.40.
Paypal Holdings (NASDAQ:PYPL) opened at 39.24 on Wednesday. The stock has a 50 day moving average of $39.41 and a 200 day moving average of $38.46. The firm has a market cap of $46.38 billion, a PE ratio of 35.67 and a beta of 1.09. Paypal Holdings has a 52 week low of $30.52 and a 52 week high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last issued its earnings results on Thursday, July 21st. The company reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the company earned $0.32 EPS. Analysts anticipate 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 William J. Ready sold 48,963 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $38.00, for a total value of $1,860,594.00. Following the completion of the sale, the senior vice president now directly owns 56,943 shares in the company, valued at $2,163,834. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in PYPL. Advisor Consultant Network Inc. acquired a new stake in Paypal Holdings during the third quarter valued at $795,000. Charter Trust Co. raised its stake in Paypal Holdings by 0.8% in the third quarter. Charter Trust Co. now owns 6,341 shares of the company’s stock valued at $260,000 after buying an additional 50 shares during the period. Peddock Capital Advisors LLC raised its stake in Paypal Holdings by 1.5% in the third quarter. Peddock Capital Advisors LLC now owns 10,037 shares of the company’s stock valued at $411,000 after buying an additional 145 shares during the period. Pennsylvania Trust Co raised its stake in Paypal Holdings by 2.8% in the third quarter. Pennsylvania Trust Co now owns 9,133 shares of the company’s stock valued at $374,000 after buying an additional 252 shares during the period. Finally, National Pension Service raised its stake in Paypal Holdings by 8.7% in the third quarter. National Pension Service now owns 746,608 shares of the company’s stock valued at $30,589,000 after buying an additional 59,565 shares during the period. 78.60% of the stock is currently owned by institutional investors and hedge funds.
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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