The Paypal Holdings Inc. (PYPL) Given New $52.00 Price Target at Deutsche Bank AG

The Paypal Holdings Inc. (PYPL) Given New $52.00 Price Target at Deutsche Bank AG

Paypal Holdings Inc. (NASDAQ:PYPL) had its target price raised by Deutsche Bank AG from $44.00 to $52.00 in a research note issued to investors on Tuesday. Deutsche Bank AG currently has a buy rating on the stock.

PYPL has been the subject of several other research reports. Evercore ISI reaffirmed a sell rating and set a $34.00 price objective on shares of Paypal Holdings in a report on Tuesday, July 26th. RBC Capital Markets reaffirmed an outperform rating and set a $46.00 price objective on shares of Paypal Holdings in a report on Wednesday, August 3rd. Piper Jaffray Cos. reaffirmed a sell rating on shares of Paypal Holdings in a report on Monday, June 27th. Wedbush reaffirmed an outperform rating and set a $50.00 price objective on shares of Paypal Holdings in a report on Monday, August 1st. Finally, Vetr raised shares of Paypal Holdings from a buy rating to a strong-buy rating and set a $41.29 price objective for the company in a report on Tuesday, August 2nd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $44.23.

Shares of Paypal Holdings (NASDAQ:PYPL) traded up 0.54% on Tuesday, reaching $39.40. The company had a trading volume of 1,949,566 shares. The company has a 50 day moving average price of $39.26 and a 200 day moving average price of $38.44. Paypal Holdings has a 52-week low of $30.52 and a 52-week high of $41.75. The stock has a market capitalization of $46.57 billion, a PE ratio of 35.82 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 Thomson Reuters’ consensus estimate of $0.36. The company earned $2.65 billion during the quarter, compared to analyst estimates of $2.60 billion. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. During the same quarter last year, the business posted $0.32 earnings per share. On average, equities research analysts anticipate that Paypal Holdings will post $1.50 earnings per share for the current year.

In other Paypal Holdings news, EVP Gary J. Marino sold 1,726 shares of the business’s stock in a transaction dated 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 approximately $1,818,919.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William J. Ready sold 48,963 shares of the business’s stock in a transaction dated 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 company insiders.

A number of hedge funds have recently bought and sold shares of PYPL. Perkins Coie Trust Co increased its stake in Paypal Holdings by 2.1% in the third quarter. Perkins Coie Trust Co now owns 22,378 shares of the company’s stock worth $917,000 after buying an additional 464 shares in the last quarter. Raymond James Trust N.A. increased its stake in Paypal Holdings by 0.9% in the third quarter. Raymond James Trust N.A. now owns 11,843 shares of the company’s stock worth $486,000 after buying an additional 103 shares in the last quarter. Jacobs & Co. CA increased its stake in Paypal Holdings by 5.6% in the third quarter. Jacobs & Co. CA now owns 120,716 shares of the company’s stock worth $4,945,000 after buying an additional 6,360 shares in the last quarter. Fisher Asset Management LLC increased its stake in Paypal Holdings by 0.6% in the third quarter. Fisher Asset Management LLC now owns 292,143 shares of the company’s stock worth $11,969,000 after buying an additional 1,645 shares in the last quarter. Finally, Gradient Investments LLC increased its stake in Paypal Holdings by 0.6% in the third quarter. Gradient Investments LLC now owns 8,432 shares of the company’s stock worth $345,000 after buying an additional 54 shares in the last quarter. 78.77% of the stock is owned by hedge funds and other institutional investors.

Paypal Holdings Company Profile

Related posts

Leave a Comment