PayPal Holdings, Inc. (PYPL) Given Buy Rating at Craig Hallum
Craig Hallum reissued their buy rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research note published on Tuesday morning. They currently have a $83.00 price objective on the credit services provider’s stock, up from their prior price objective of $67.00.
Several other analysts have also recently commented on PYPL. Stephens reissued an overweight rating and issued a $59.00 price target (up from $51.00) on shares of PayPal Holdings in a report on Monday, June 19th. Vetr raised PayPal Holdings from a hold rating to a buy rating and set a $54.78 price target for the company in a report on Wednesday, June 21st. Pacific Crest raised PayPal Holdings from a sector weight rating to an overweight rating and raised their price target for the company from $34.00 to $60.00 in a report on Wednesday, June 21st. KeyCorp raised PayPal Holdings to a buy rating and set a $60.00 price objective for the company in a research note on Wednesday, June 21st. Finally, BTIG Research raised their price objective on PayPal Holdings from $53.00 to $63.00 and gave the company a buy rating in a research note on Monday, June 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $65.45.
PayPal Holdings (NASDAQ:PYPL) traded up 0.742% during mid-day trading on Tuesday, hitting $67.165. The stock had a trading volume of 3,190,955 shares. The firm has a market cap of $80.76 billion, a P/E ratio of 54.165 and a beta of 0.98. PayPal Holdings has a 12-month low of $38.06 and a 12-month high of $69.61. The stock has a 50-day moving average price of $64.38 and a 200 day moving average price of $64.38.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. Equities analysts anticipate that PayPal Holdings will post $1.84 EPS for the current fiscal year.
In other news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the sale, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at $1,733,181. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the sale, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 261,351 shares of company stock worth $15,302,809. Corporate insiders own 6.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Stelac Advisory Services LLC purchased a new stake in shares of PayPal Holdings during the first quarter worth about $119,000. Harvest Fund Management Co. Ltd increased its position in shares of PayPal Holdings by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 1,808 shares during the last quarter. MV Capital Management Inc. increased its position in shares of PayPal Holdings by 7.2% during the second quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 199 shares during the last quarter. Archford Capital Strategies LLC increased its position in shares of PayPal Holdings by 65.4% during the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after acquiring an additional 1,281 shares during the last quarter. Finally, Balentine LLC increased its position in shares of PayPal Holdings by 28.7% during the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after acquiring an additional 780 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.
About PayPal Holdings
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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