Paypal Holdings Inc. (PYPL) Receives “Buy” Rating from BTIG Research
A number of other equities analysts also recently weighed in on PYPL. Cantor Fitzgerald reaffirmed a buy rating on shares of Paypal Holdings in a research note on Saturday, July 9th. Deutsche Bank AG reaffirmed a buy rating on shares of Paypal Holdings in a research note on Sunday, July 17th. Jefferies Group reaffirmed a buy rating on shares of Paypal Holdings in a research note on Monday, July 11th. Pacific Crest reaffirmed a hold rating on shares of Paypal Holdings in a research note on Friday, July 22nd. Finally, RBC Capital Markets reaffirmed a buy rating and issued a $46.00 price target on shares of Paypal Holdings in a research note on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Paypal Holdings has a consensus rating of Buy and an average price target of $44.73.
Paypal Holdings (NASDAQ:PYPL) opened at 39.83 on Tuesday. Paypal Holdings has a 52 week low of $30.52 and a 52 week high of $41.75. The firm’s 50 day moving average price is $39.53 and its 200-day moving average price is $38.45. The firm has a market cap of $47.08 billion, a PE ratio of 36.21 and a beta of 1.10.
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting 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 the consensus estimate of $2.60 billion. During the same period in the prior year, the business posted $0.32 earnings per share. 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 that occurred on Monday, October 3rd. The shares were 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 owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP William J. Ready sold 48,963 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $38.00, for a total transaction of $1,860,594.00. Following the completion of the sale, the senior vice president now directly owns 56,943 shares of the company’s stock, valued at approximately $2,163,834. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Orbis Allan Gray Ltd acquired a new position in shares of Paypal Holdings during the first quarter worth about $606,807,000. Fundsmith LLP boosted its position 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 worth $361,309,000 after buying an additional 5,276,062 shares during the last quarter. Coatue Management LLC boosted its position 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 worth $327,979,000 after buying an additional 4,645,171 shares during the last quarter. Pennant Capital Management LLC acquired a new position in shares of Paypal Holdings during the first quarter worth about $123,662,000. Finally, Brown Advisory Inc. boosted its position 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 worth $189,957,000 after buying an additional 3,181,496 shares during the last quarter. 78.60% of the stock is 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.
Receive News & Ratings for Paypal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.