Paypal Holdings Inc. (PYPL) Shares Down 7.1%
Paypal Holdings Inc. (NASDAQ:PYPL) traded down 7.1% during trading on Friday . The stock traded as low as $36.43 and last traded at $37.30, with a volume of 25,561,747 shares traded. The stock had previously closed at $40.13.
Several research firms recently weighed in on PYPL. Cantor Fitzgerald restated a “buy” rating on shares of Paypal Holdings in a report on Saturday, July 9th. Deutsche Bank AG restated a “buy” rating on shares of Paypal Holdings in a report on Sunday, July 17th. Pacific Crest restated a “hold” rating on shares of Paypal Holdings in a report on Thursday, June 2nd. Vetr cut shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $44.01 price target on the stock. in a report on Monday, April 18th. Finally, Zacks Investment Research cut shares of Paypal Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.34.
The firm has a 50 day moving average of $37.34 and a 200 day moving average of $37.31. The firm has a market cap of $44.57 billion and a P/E ratio of 34.33.
Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The company 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 posted $0.32 EPS. On average, equities analysts forecast that Paypal Holdings Inc. will post $1.49 EPS for the current fiscal year.
Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Utah Retirement Systems bought a new position in Paypal Holdings during the fourth quarter worth about $7,886,000. Marco Investment Management LLC acquired a new position in shares of Paypal Holdings during the fourth quarter worth $3,131,000. KBC Group NV acquired a new position in shares of Paypal Holdings during the fourth quarter worth $13,873,000. State of Tennessee Treasury Department acquired a new position in shares of Paypal Holdings during the fourth quarter worth $6,389,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Paypal Holdings during the fourth quarter worth $17,304,000.
PayPal Holdings, Inc (PayPal) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables.
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