Vetr upgraded shares of Paypal Holdings Inc. (NASDAQ:PYPL) from a hold rating to a buy rating in a research note released on Monday. They currently have $42.50 price target on the stock.
A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered Paypal Holdings from a hold rating to a sell rating in a research note on Saturday, September 24th. Wedbush restated an outperform rating and set a $50.00 price objective on shares of Paypal Holdings in a report on Friday, September 23rd. Jefferies Group restated a buy rating and set a $48.00 price objective on shares of Paypal Holdings in a report on Tuesday, September 20th. Canaccord Genuity downgraded Paypal Holdings from a buy rating to a hold rating and dropped their price objective for the stock from $45.00 to $40.00 in a report on Monday, September 19th. Finally, Credit Agricole SA set a $38.00 price objective on Paypal Holdings and gave the stock a sell rating in a report on Thursday, September 15th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $43.95.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 40.18 on Monday. Paypal Holdings has a one year low of $30.52 and a one year high of $41.75. The stock has a market capitalization of $47.49 billion, a P/E ratio of 36.53 and a beta of 1.10. The firm’s 50-day moving average price is $39.13 and its 200-day moving average price is $38.47.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the company posted $0.32 EPS. Equities research analysts anticipate 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 Paypal Holdings stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $40.87, for a total value of $70,541.62. Following the transaction, the executive vice president now owns 44,505 shares in the company, valued at $1,818,919.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP William J. Ready sold 26,037 shares of Paypal Holdings stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $38.04, for a total transaction of $990,447.48. Following the completion of the transaction, the senior vice president now owns 105,906 shares in the company, valued at approximately $4,028,664.24. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Feltz Wealth PLAN Inc. acquired a new position in Paypal Holdings during the second quarter valued at about $100,000. SevenBridge Financial Group LLC purchased a new position in Paypal Holdings during the second quarter worth approximately $120,000. Global X Management Co. LLC raised its position 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 worth $126,000 after buying an additional 2,471 shares in the last quarter. Mycio Wealth Partners LLC raised its position in Paypal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock worth $128,000 after buying an additional 909 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its position in Paypal Holdings by 179.6% in the second quarter. Ropes Wealth Advisors LLC now owns 3,523 shares of the company’s stock worth $129,000 after buying an additional 2,263 shares in the last quarter. Hedge funds and other 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.
To view Vetr’s full report, visit Vetr’s official website.
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