A number of other research firms also recently weighed in on PYPL. Barclays PLC reduced their price target on shares of Paypal Holdings from $46.00 to $42.00 and set an overweight rating on the stock in a research note on Thursday, July 7th. Vetr upgraded shares of Paypal Holdings from a hold rating to a buy rating and set a $40.93 price target on the stock in a research note on Monday, July 25th. Royal Bank Of Canada restated a buy rating on shares of Paypal Holdings in a research note on Tuesday, July 12th. Wedbush restated an outperform rating and issued a $50.00 price target on shares of Paypal Holdings in a research note on Friday, September 23rd. Finally, TheStreet started coverage on shares of Paypal Holdings in a research note on Wednesday, August 10th. They issued a hold rating on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $44.26.
Shares of Paypal Holdings (NASDAQ:PYPL) traded down 1.92% on Wednesday, reaching $38.77. 803,856 shares of the company were exchanged. The company’s 50-day moving average price is $39.31 and its 200 day moving average price is $38.45. The company has a market cap of $45.83 billion, a price-to-earnings ratio of 35.25 and a beta of 1.10. Paypal Holdings has a 12 month low of $30.52 and a 12 month high of $41.75.
Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 net margin of 13.55% and a return on equity of 10.60%. During the same period in the prior year, the company posted $0.32 earnings per share. On average, equities research analysts expect that Paypal Holdings will post $1.50 EPS for the current year.
In other news, EVP Gary J. Marino sold 1,726 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the sale, the executive vice president now directly owns 44,505 shares in the company, valued at $1,818,919.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP William J. Ready sold 48,963 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $38.00, for a total value of $1,860,594.00. Following the sale, the senior vice president now owns 56,943 shares in the company, valued at $2,163,834. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in PYPL. Vanguard Group Inc. boosted its stake in shares of Paypal Holdings by 0.9% in the second quarter. Vanguard Group Inc. now owns 69,535,527 shares of the company’s stock valued at $2,538,742,000 after buying an additional 620,002 shares in the last quarter. Jackson Square Partners LLC boosted its stake in shares of Paypal Holdings by 6.9% in the second quarter. Jackson Square Partners LLC now owns 25,313,524 shares of the company’s stock valued at $1,071,595,000 after buying an additional 1,631,771 shares in the last quarter. Orbis Allan Gray Ltd bought a new stake in shares of Paypal Holdings during the first quarter valued at $606,807,000. Lone Pine Capital LLC raised its position in shares of Paypal Holdings by 6.2% in the second quarter. Lone Pine Capital LLC now owns 11,080,118 shares of the company’s stock valued at $404,535,000 after buying an additional 650,000 shares during the last quarter. Finally, Fundsmith LLP raised its position in shares of Paypal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock valued at $361,309,000 after buying an additional 5,276,062 shares during the last quarter. Hedge funds and other institutional investors own 78.77% 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.
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