Jefferies Group restated their buy rating on shares of Paypal Holdings Inc. (NASDAQ:PYPL) in a research note issued to investors on Wednesday. The firm currently has a $48.00 price target on the stock.
A number of other equities research analysts also recently issued reports on PYPL. Piper Jaffray Cos. restated an underweight rating and issued a $34.00 target price on shares of Paypal Holdings in a report on Tuesday, June 14th. Morgan Stanley reiterated a hold rating and set a $40.00 price objective on shares of Paypal Holdings in a research note on Tuesday, June 14th. Oppenheimer Holdings Inc. initiated coverage on shares of Paypal Holdings in a research note on Thursday, June 16th. They set an outperform rating and a $42.00 price objective for the company. Deutsche Bank AG reiterated a buy rating and set a $44.00 price objective on shares of Paypal Holdings in a research note on Tuesday, June 28th. Finally, Credit Agricole SA reiterated an underperform rating and set a $38.00 price objective on shares of Paypal Holdings in a research note on Wednesday, June 29th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Paypal Holdings presently has a consensus rating of Hold and an average price target of $44.40.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 39.24 on Wednesday. Paypal Holdings has a 12-month low of $30.52 and a 12-month high of $41.75. The firm’s 50-day moving average is $39.41 and its 200-day moving average is $38.46. The firm has a market capitalization of $46.38 billion, a price-to-earnings ratio of 35.67 and a beta of 1.09.
Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The firm earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. Equities research analysts forecast that Paypal Holdings will post $1.50 EPS for the current fiscal year.
In other news, SVP William J. Ready sold 48,963 shares of the stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 56,943 shares of the company’s stock, valued at $2,163,834. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,726 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the completion of the sale, the executive vice president now directly owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Artemis Investment Management LLP raised its stake in Paypal Holdings by 60.6% in the second quarter. Artemis Investment Management LLP now owns 342,141 shares of the company’s stock worth $12,495,000 after buying an additional 129,047 shares during the period. National Pension Service raised its stake in Paypal Holdings by 3.9% in the first quarter. National Pension Service now owns 659,018 shares of the company’s stock worth $25,438,000 after buying an additional 24,650 shares during the period. Wellington Management Group LLP raised its stake in Paypal Holdings by 12.8% in the first quarter. Wellington Management Group LLP now owns 2,700,708 shares of the company’s stock worth $104,248,000 after buying an additional 305,764 shares during the period. Orbis Allan Gray Ltd bought a new stake in Paypal Holdings during the first quarter worth about $606,807,000. Finally, Slate Path Capital LP raised its stake in Paypal Holdings by 13.1% in the first quarter. Slate Path Capital LP now owns 5,345,000 shares of the company’s stock worth $206,317,000 after buying an additional 620,000 shares during the period. 78.60% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Paypal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.