Today The PayPal Holdings, Inc. (PYPL) Earns Outperform Rating from Analysts at Wedbush

Today The PayPal Holdings, Inc. (PYPL) Earns Outperform Rating from Analysts at Wedbush

Wedbush began coverage on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research report sent to investors on Friday. The firm issued an outperform rating and a $54.00 price objective on the stock.

Several other research firms also recently commented on PYPL. Deutsche Bank AG reissued 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 reaffirmed an outperform rating and set a $48.00 price target on shares of PayPal Holdings in a report on Saturday, October 22nd. Barclays PLC reaffirmed an overweight rating and set a $46.00 price target (down from $47.00) on shares of PayPal Holdings in a report on Sunday, October 23rd. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $49.00 price target (up from $47.00) on shares of PayPal Holdings in a report on Sunday, October 23rd. Finally, Canaccord Genuity reaffirmed a hold rating and set a $40.00 price target on shares of PayPal Holdings in a report on Sunday, October 23rd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $45.96.

PayPal Holdings (NASDAQ:PYPL) opened at 42.145 on Friday. The company has a market cap of $49.73 billion, a P/E ratio of 37.296 and a beta of 0.91. The firm has a 50-day moving average price of $40.37 and a 200 day moving average price of $39.63. PayPal Holdings has a 52 week low of $31.38 and a 52 week high of $44.52.

In other news, VP Aaron Anderson sold 2,644 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $41.78, for a total value of $110,466.32. Following the completion of the sale, the vice president now directly owns 10,043 shares of the company’s stock, valued at approximately $419,596.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO William J. Ready sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $41.72, for a total value 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. Insiders sold a total of 83,141 shares of company stock valued at $3,468,052 over the last ninety days. Corporate insiders own 7.00% of the company’s stock.

Large investors have recently bought and sold shares of the stock. AIMZ Investment Advisors LLC raised its stake in shares of PayPal Holdings by 0.3% in the third quarter. AIMZ Investment Advisors LLC now owns 10,173 shares of the company’s stock worth $417,000 after buying an additional 35 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of PayPal Holdings by 0.7% in the third quarter. Quadrant Capital Group LLC now owns 5,992 shares of the company’s stock worth $238,000 after buying an additional 40 shares in the last quarter. Charter Trust Co. raised its stake in shares of PayPal Holdings by 0.8% in the third quarter. Charter Trust Co. now owns 6,341 shares of the company’s stock worth $260,000 after buying an additional 50 shares in the last quarter. Gradient Investments LLC raised its stake in shares of 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. Finally, Tradewinds Capital Management LLC raised its stake in shares of PayPal Holdings by 2.0% in the third quarter. Tradewinds Capital Management LLC now owns 3,855 shares of the company’s stock worth $158,000 after buying an additional 75 shares in the last quarter. 80.73% of the stock is owned by institutional investors and hedge funds.

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.

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