Sanford C. Bernstein restated their market perform rating on shares of Paypal Holdings Inc. (NASDAQ:PYPL) in a report published on Wednesday. Sanford C. Bernstein currently has a $41.00 price target on the stock.
Several other research firms also recently weighed in on PYPL. Credit Agricole SA set a $38.00 target price on Paypal Holdings and gave the company a sell rating in a research report on Thursday, September 15th. Canaccord Genuity downgraded Paypal Holdings from a buy rating to a hold rating and cut their target price for the company from $45.00 to $40.00 in a research report on Monday, September 19th. Vetr upgraded Paypal Holdings from a hold rating to a buy rating and set a $42.50 price objective for the company in a report on Monday. Wells Fargo & Co. cut Paypal Holdings from an outperform rating to a market perform rating in a report on Friday, July 22nd. Finally, Pacific Crest restated a hold rating on shares of Paypal Holdings in a report on Friday, July 22nd. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $43.95.
Shares of Paypal Holdings (NASDAQ:PYPL) traded down 1.19% during mid-day trading on Wednesday, reaching $39.96. The company had a trading volume of 3,221,808 shares. The stock has a market capitalization of $47.23 billion, a price-to-earnings ratio of 36.33 and a beta of 1.10. The firm has a 50-day moving average price of $39.08 and a 200-day moving average price of $38.46. Paypal Holdings has a 1-year low of $30.52 and a 1-year high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same quarter in the previous year, the company posted $0.32 EPS. Equities analysts expect that Paypal Holdings will post $1.50 earnings per share for the current year.
In related news, SVP Tomer Barel sold 5,862 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value of $218,125.02. Following the completion of the sale, the senior vice president now owns 27,017 shares of the company’s stock, valued at $1,005,302.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP William J. Ready sold 26,037 shares of the stock in a transaction that occurred 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 directly owns 105,906 shares of the company’s stock, valued at approximately $4,028,664.24. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. SevenBridge Financial Group LLC bought a new stake in Paypal Holdings during the second quarter valued at approximately $120,000. Feltz Wealth PLAN Inc. bought a new stake in Paypal Holdings during the second quarter valued at approximately $100,000. Global X Management Co. LLC boosted its stake in 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 in the last quarter. Mycio Wealth Partners LLC boosted its stake in 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 in the last quarter. Finally, Ropes Wealth Advisors LLC boosted its stake in 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 period. 78.77% of the stock is owned by hedge funds and other institutional investors.
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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