Paypal Holdings Inc. (PYPL) Price Target Raised to $47.00
Paypal Holdings Inc. (NASDAQ:PYPL) had its target price boosted by Barclays PLC from $42.00 to $47.00 in a research note released on Friday morning. The brokerage currently has an overweight rating on the stock.
Other equities research analysts also recently issued research reports about the company. Jefferies Group reaffirmed a buy rating on shares of Paypal Holdings in a research report on Tuesday, July 5th. Deutsche Bank AG reaffirmed a buy rating and set a $44.00 price objective on shares of Paypal Holdings in a research report on Tuesday, June 28th. Royal Bank Of Canada reaffirmed a buy rating on shares of Paypal Holdings in a research report on Tuesday, July 12th. Vetr downgraded Paypal Holdings from a strong-buy rating to a buy rating and set a $40.53 price objective on the stock. in a research report on Monday, July 11th. Finally, Cantor Fitzgerald reaffirmed a buy rating on shares of Paypal Holdings in a research report on Saturday, July 9th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Paypal Holdings has an average rating of Buy and a consensus target price of $44.73.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 39.83 on Friday. The stock has a market cap of $47.08 billion, a price-to-earnings ratio of 36.21 and a beta of 1.10. The stock’s 50 day moving average is $39.53 and its 200 day moving average is $38.45. 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 quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company earned $0.32 earnings per share. On average, equities analysts predict that Paypal Holdings will post $1.50 EPS for the current fiscal year.
In other news, SVP Tomer Barel sold 5,862 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value of $218,125.02. Following the transaction, the senior vice president now owns 27,017 shares of the company’s stock, valued at approximately $1,005,302.57. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William J. Ready sold 26,037 shares of the company’s 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 transaction, the senior vice president now directly owns 105,906 shares in the company, valued at approximately $4,028,664.24. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. SevenBridge Financial Group LLC acquired a new position in shares of Paypal Holdings during the second quarter valued at approximately $120,000. Feltz Wealth PLAN Inc. purchased a new stake in Paypal Holdings during the second quarter valued at about $100,000. Global X Management Co. LLC increased 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 in the last quarter. Mycio Wealth Partners LLC increased 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 in the last quarter. Finally, Ropes Wealth Advisors LLC increased 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 in the last quarter. 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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