Trading Report: The Paypal Holdings Inc. (PYPL) Given Buy Rating at Jefferies Group

The Paypal Holdings Inc. (PYPL) Given Buy Rating at Jefferies Group

Jefferies Group reaffirmed their buy rating on shares of Paypal Holdings Inc. (NASDAQ:PYPL) in a research report released on Wednesday. They currently have a $48.00 price target on the stock.

A number of other equities analysts also recently commented on PYPL. Royal Bank Of Canada restated a buy rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Cantor Fitzgerald restated a buy rating on shares of Paypal Holdings in a research note on Saturday, July 9th. Vetr downgraded shares of Paypal Holdings from a strong-buy rating to a buy rating and set a $40.53 target price on the stock. in a research note on Monday, July 11th. Deutsche Bank AG restated a buy rating and issued a $44.00 target price on shares of Paypal Holdings in a research note on Tuesday, June 28th. Finally, BTIG Research restated a buy rating and issued a $48.00 target price on shares of Paypal Holdings in a research note on Friday, July 15th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Paypal Holdings currently has a consensus rating of Hold and an average price target of $44.26.

Shares of Paypal Holdings (NASDAQ:PYPL) traded down 1.14% during trading on Wednesday, reaching $39.08. 3,157,261 shares of the company were exchanged. The company’s 50-day moving average is $39.31 and its 200 day moving average is $38.45. Paypal Holdings has a 1-year low of $30.52 and a 1-year high of $41.75. The firm has a market capitalization of $46.19 billion, a PE ratio of 35.53 and a beta of 1.10.

Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data 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 company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the company posted $0.32 EPS. Equities research analysts expect that Paypal Holdings will post $1.50 EPS for the current fiscal year.

In other news, SVP William J. Ready sold 26,037 shares of Paypal Holdings stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the sale, the senior vice president now owns 105,906 shares in the company, valued at $4,028,664.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gary J. Marino sold 1,726 shares of Paypal Holdings stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $40.87, for a total transaction of $70,541.62. Following the completion of the sale, the executive vice president now owns 44,505 shares in the company, valued at approximately $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in PYPL. Feltz Wealth PLAN Inc. bought a new stake in shares of Paypal Holdings during the second quarter valued at about $100,000. SevenBridge Financial Group LLC bought a new stake in shares of Paypal Holdings during the second quarter valued at about $120,000. Global X Management Co. LLC raised its stake in shares of 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 during the period. Mycio Wealth Partners LLC raised its stake in shares of 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 during the period. Finally, Ropes Wealth Advisors LLC raised its stake in shares of 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 during the period. Institutional investors and hedge funds own 78.77% of the company’s stock.

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