Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by stock analysts at Nomura in a report released on Wednesday. They currently have a $54.00 price target on the stock. Nomura’s target price would suggest a potential upside of 32.42% from the stock’s current price.
Several other research analysts have also recently issued reports on PYPL. Vetr raised shares of Paypal Holdings from a “buy” rating to a “strong-buy” rating and set a $42.41 target price for the company in a report on Tuesday, June 7th. Piper Jaffray Cos. reaffirmed an “underweight” rating and issued a $34.00 target price on shares of Paypal Holdings in a report on Tuesday, June 14th. Morgan Stanley reaffirmed a “hold” rating and issued a $40.00 target price on shares of Paypal Holdings in a report on Tuesday, June 14th. Oppenheimer Holdings Inc. initiated coverage on shares of Paypal Holdings in a report on Thursday, June 16th. They issued an “outperform” rating and a $42.00 target price for the company. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $44.00 target price on shares of Paypal Holdings in a report on Tuesday, June 28th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-one have issued a buy rating to the company. Paypal Holdings currently has an average rating of “Hold” and an average price target of $43.95.
Paypal Holdings (NASDAQ:PYPL) traded down 0.07% on Wednesday, reaching $40.75. 2,819,667 shares of the company traded hands. The stock’s 50-day moving average is $39.02 and its 200-day moving average is $38.45. Paypal Holdings has a 1-year low of $30.52 and a 1-year high of $41.75. The stock has a market capitalization of $48.17 billion, a price-to-earnings ratio of 37.05 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 EPS for the quarter, hitting the consensus estimate of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Equities research analysts expect that Paypal Holdings will post $1.50 EPS for the current year.
In other Paypal Holdings news, SVP William J. Ready sold 48,963 shares of the 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 transaction, the senior vice president now directly owns 56,943 shares in the company, valued at approximately $2,163,834. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tomer Barel sold 5,862 shares of the stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $37.21, for a total transaction of $218,125.02. Following the transaction, the senior vice president now owns 27,017 shares in the company, valued at $1,005,302.57. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Feltz Wealth PLAN Inc. acquired a new position in shares of Paypal Holdings during the second quarter valued at about $100,000. SevenBridge Financial Group LLC acquired a new position in shares of Paypal Holdings during the second quarter valued at about $120,000. Global X Management Co. LLC boosted its position in shares of Paypal Holdings by 253.7% in the second quarter. Global X Management Co. LLC now owns 3,445 shares of the company’s stock valued at $126,000 after buying an additional 2,471 shares during the last quarter. Mycio Wealth Partners LLC boosted its position in shares of Paypal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock valued at $128,000 after buying an additional 909 shares during the last quarter. Finally, Ropes Wealth Advisors LLC boosted its position in shares of Paypal Holdings by 179.6% in the second quarter. Ropes Wealth Advisors LLC now owns 3,523 shares of the company’s stock valued at $129,000 after buying an additional 2,263 shares during the last quarter. Institutional investors own 78.77% of the company’s stock.
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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