PayPal Holdings, Inc. (PYPL) Rating Reiterated by Barclays PLC
PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating restated by investment analysts at Barclays PLC in a report issued on Tuesday.
PYPL has been the subject of several other reports. Zacks Investment Research cut PayPal Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. Morgan Stanley increased their target price on PayPal Holdings from $76.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Robert W. Baird restated a “buy” rating and set a $80.00 target price (up from $65.00) on shares of PayPal Holdings in a report on Friday, October 20th. Bank of America Corporation reiterated a “buy” rating and issued a $78.00 price objective (up previously from $71.00) on shares of PayPal Holdings in a report on Friday, October 6th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, September 5th. Ten analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. PayPal Holdings has an average rating of “Buy” and an average price target of $73.11.
PayPal Holdings (NASDAQ PYPL) opened at $77.57 on Tuesday. The company has a market capitalization of $93,230.00 and a PE ratio of 54.29. PayPal Holdings has a 1 year low of $38.06 and a 1 year high of $78.43.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company’s revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. equities analysts expect that PayPal Holdings will post 1.37 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. BlackRock Inc. increased its position in shares of PayPal Holdings by 2,792.8% in the 1st quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after acquiring an additional 58,026,239 shares during the period. FMR LLC increased its position in shares of PayPal Holdings by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after acquiring an additional 21,814,940 shares during the period. Jennison Associates LLC acquired a new position in shares of PayPal Holdings in the 3rd quarter valued at $481,937,000. Harding Loevner LP increased its position in shares of PayPal Holdings by 86.1% in the 3rd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock valued at $381,030,000 after acquiring an additional 5,253,746 shares during the period. Finally, Capital World Investors increased its position in shares of PayPal Holdings by 313.5% in the 2nd quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock valued at $330,127,000 after acquiring an additional 4,663,337 shares during the period. 82.77% of the stock is currently owned by hedge funds and other institutional investors.
PayPal Holdings Company Profile
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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