Paypal Holdings Inc. (NASDAQ:PYPL) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $46.45 price target on the stock. Vetr‘s price target would suggest a potential upside of 15.38% from the stock’s current price.
Several other research firms have also recently commented on PYPL. Barclays PLC reduced their target price on shares of Paypal Holdings from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Evercore ISI initiated coverage on shares of Paypal Holdings in a research note on Tuesday, October 18th. They issued a “buy” rating and a $46.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Wedbush reiterated an “outperform” rating and issued a $50.00 price objective on shares of Paypal Holdings in a research note on Friday, September 23rd. Finally, SunTrust Banks Inc. reiterated a “buy” rating and issued a $45.00 price objective on shares of Paypal Holdings in a research note on Wednesday, October 12th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $45.21.
Shares of Paypal Holdings (NASDAQ:PYPL) traded up 0.52% during mid-day trading on Wednesday, reaching $40.26. 2,324,478 shares of the company traded hands. The company 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. The stock’s 50-day moving average is $40.66 and its 200-day moving average is $38.82.
Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 20th. The company reported $0.35 EPS for the quarter, hitting the Thomson Reuters’ 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 quarter last year, the business earned $0.31 EPS. The business’s revenue was up 18.1% on a year-over-year basis. On average, equities analysts predict that Paypal Holdings will post $1.50 EPS for the current fiscal year.
In other Paypal Holdings news, EVP Gary J. Marino sold 1,726 shares of the business’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 owns 44,505 shares in the company, valued at $1,818,919.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO William J. Ready sold 50,000 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $41.72, for a total transaction of $2,086,000.00. Following the sale, the chief operating officer now owns 59,999 shares of the company’s stock, valued at approximately $2,503,158.28. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in PYPL. Omega Advisors Inc. acquired a new stake in Paypal Holdings during the first quarter valued at $50,018,000. Silvercrest Asset Management Group LLC raised its stake in Paypal Holdings by 3.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 13,432 shares of the company’s stock valued at $518,000 after buying an additional 450 shares during the last quarter. Orbis Allan Gray Ltd acquired a new stake in Paypal Holdings during the first quarter valued at $606,807,000. Envestnet Asset Management Inc. raised its stake in Paypal Holdings by 14.9% in the first quarter. Envestnet Asset Management Inc. now owns 440,238 shares of the company’s stock valued at $16,993,000 after buying an additional 57,171 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Paypal Holdings by 2.0% in the first quarter. Legal & General Group Plc now owns 4,739,713 shares of the company’s stock valued at $182,951,000 after buying an additional 91,680 shares during the last quarter. Hedge funds and other institutional investors own 78.13% of the company’s stock.
Paypal Holdings Company Profile
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.