Today, Paypal Holdings Inc. (PYPL) Decreased to Buy at Vetr Inc.

Today, Paypal Holdings Inc. (PYPL) Decreased to Buy at Vetr Inc.
Paypal Holdings Inc. (NASDAQ:PYPL) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday. They currently have a $46.45 target price on the stock. Vetr‘s price objective points to a potential upside of 15.38% from the company’s previous close.

A number of other brokerages have also recently issued reports on PYPL. Deutsche Bank AG reaffirmed a “buy” rating and issued a $52.00 target price on shares of Paypal Holdings in a report on Friday, October 21st. Robert W. Baird reissued an “outperform” rating and set a $48.00 price objective on shares of Paypal Holdings in a research note on Saturday, October 22nd. Wedbush reissued an “outperform” rating and set a $54.00 price objective (up from $50.00) on shares of Paypal Holdings in a research note on Saturday, October 22nd. Mizuho raised their price objective on shares of Paypal Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Sunday, October 23rd. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of Paypal Holdings in a research note on Sunday, October 23rd. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $45.21.

Paypal Holdings (NASDAQ:PYPL) traded up 0.52% on Tuesday, reaching $40.26. The company’s stock had a trading volume of 2,324,478 shares. The firm has a 50 day moving average price of $40.65 and a 200 day moving average price of $38.82. The stock has a market capitalization of $47.51 billion, a P/E ratio of 35.63 and a beta of 1.06. Paypal Holdings has a 52 week low of $30.52 and a 52 week high of $44.52.

Paypal Holdings (NASDAQ:PYPL) last issued its earnings results on Thursday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. Paypal Holdings had a net margin of 13.23% and a return on equity of 10.67%. The company earned $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, equities analysts anticipate that Paypal Holdings will post $1.50 EPS for the current year.

In other news, EVP Tomer Barel sold 28,768 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $41.84, for a total value of $1,203,653.12. Following the completion of the sale, the executive vice president now directly owns 47,283 shares of the company’s stock, valued at approximately $1,978,320.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO William J. Ready sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $41.72, for a total transaction of $2,086,000.00. Following the completion of the sale, the chief operating officer now directly owns 59,999 shares of the company’s stock, valued at $2,503,158.28. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Paypal Holdings by 12.8% in the first quarter. Wellington Management Group LLP now owns 2,700,708 shares of the company’s stock worth $104,248,000 after buying an additional 305,764 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Paypal Holdings by 177.4% in the first quarter. Renaissance Technologies LLC now owns 365,900 shares of the company’s stock worth $14,124,000 after buying an additional 234,000 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Paypal Holdings by 3.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,519,000 shares of the company’s stock worth $58,633,000 after buying an additional 51,600 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Paypal Holdings during the first quarter worth $320,000. Finally, Zurich Insurance Group Ltd FI raised its stake in shares of Paypal Holdings by 343.4% in the first quarter. Zurich Insurance Group Ltd FI now owns 169,691 shares of the company’s stock worth $6,550,000 after buying an additional 131,421 shares in the last quarter. 78.13% of the stock is owned by institutional investors.

About Paypal Holdings

PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.

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