The Paypal Holdings Inc. (PYPL) Upgraded to “Strong-Buy” by Vetr Inc.

The Paypal Holdings Inc. (PYPL) Upgraded to “Strong-Buy” by Vetr Inc.

Vetr upgraded shares of Paypal Holdings Inc. (NASDAQ:PYPL) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday morning. They currently have $44.52 price target on the stock.

A number of other brokerages also recently weighed in on PYPL. Credit Agricole SA set a $38.00 target price on shares of Paypal Holdings and gave the stock a sell rating in a research note on Thursday, September 15th. Sanford C. Bernstein reissued a market perform rating and set a $41.00 target price on shares of Paypal Holdings in a research note on Wednesday, October 5th. Nomura reissued a buy rating and set a $54.00 target price on shares of Paypal Holdings in a research note on Wednesday, October 5th. Canaccord Genuity downgraded shares of Paypal Holdings from a buy rating to a hold rating and lowered their target price for the stock from $45.00 to $40.00 in a research note on Monday, September 19th. Finally, Wells Fargo & Co. downgraded shares of Paypal Holdings from an outperform rating to a market perform rating in a research note on Friday, July 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Paypal Holdings has an average rating of Hold and a consensus target price of $44.23.

Shares of Paypal Holdings (NASDAQ:PYPL) opened at 39.19 on Tuesday. Paypal Holdings has a 12 month low of $30.52 and a 12 month high of $41.75. The firm’s 50 day moving average is $39.26 and its 200 day moving average is $38.44. The company has a market cap of $46.32 billion, a PE ratio of 35.63 and a beta of 1.10.

Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The company had revenue of $2.65 billion for 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 in the previous year, the business earned $0.32 earnings per share. On average, equities analysts predict that Paypal Holdings will post $1.50 earnings per share for the current year.

In other news, SVP William J. Ready sold 26,037 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the completion of the sale, the senior vice president now owns 105,906 shares of the company’s stock, valued at approximately $4,028,664.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,726 shares of the company’s stock in a transaction on 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 directly owns 44,505 shares of the company’s stock, 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 large investors have recently made changes to their positions in the stock. Virginia Retirement System purchased a new stake in shares of Paypal Holdings during the first quarter valued at $688,000. Pacad Investment Ltd. boosted its stake in shares of Paypal Holdings by 57.9% in the first quarter. Pacad Investment Ltd. now owns 9,000 shares of the company’s stock valued at $347,000 after buying an additional 3,300 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Paypal Holdings by 6.1% in the first quarter. Franklin Resources Inc. now owns 520,448 shares of the company’s stock valued at $20,089,000 after buying an additional 29,963 shares during the last quarter. Columbia Partners L L C Investment Management boosted its stake in shares of Paypal Holdings by 0.8% in the first quarter. Columbia Partners L L C Investment Management now owns 42,294 shares of the company’s stock valued at $1,632,000 after buying an additional 322 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Paypal Holdings during the first quarter valued at $1,726,000. 78.77% 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.

Related posts

Leave a Comment