Paypal Holdings Inc (NASDAQ:PYPL)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays PLC in a research report issued to clients and investors on Friday. They presently have a $48.00 target price on the stock, up from their prior target price of $47.00. Barclays PLC’s price objective would indicate a potential upside of 11.21% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 price target on shares of Paypal Holdings in a report on Thursday, December 1st. Vetr cut Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $45.34 price target for the company. in a report on Wednesday, January 4th. Guggenheim initiated coverage on Paypal Holdings in a report on Wednesday, January 4th. They issued a “buy” rating and a $46.00 price target for the company. Berenberg Bank initiated coverage on Paypal Holdings in a report on Tuesday, January 10th. They issued a “buy” rating and a $51.00 price target for the company. Finally, Zacks Investment Research raised Paypal Holdings from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Thursday, December 22nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Paypal Holdings has an average rating of “Buy” and an average target price of $45.63.
Shares of Paypal Holdings (NASDAQ:PYPL) opened at 43.16 on Friday. The firm’s 50-day moving average price is $41.70 and its 200-day moving average price is $40.58. Paypal Holdings has a 12 month low of $34.00 and a 12 month high of $44.52. The company has a market capitalization of $52.12 billion, a price-to-earnings ratio of 37.53 and a beta of 0.91.
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, January 26th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Paypal Holdings had a return on equity of 10.69% and a net margin of 12.92%. The firm earned $2.98 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts expect that Paypal Holdings will post $1.72 EPS for the current year.
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In other news, EVP Gary J. Marino sold 17,386 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $42.63, for a total transaction of $741,165.18. Following the completion of the transaction, the executive vice president now directly owns 40,740 shares in the company, valued at $1,736,746.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in Paypal Holdings by 128.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 76,139,003 shares of the company’s stock worth $3,119,415,000 after buying an additional 42,783,928 shares during the period. Lone Pine Capital LLC bought a new position in Paypal Holdings during the fourth quarter worth about $493,348,000. Norges Bank bought a new position in Paypal Holdings during the fourth quarter worth about $344,012,000. M&T Bank Corp raised its position in Paypal Holdings by 394.9% in the third quarter. M&T Bank Corp now owns 8,809,522 shares of the company’s stock worth $360,926,000 after buying an additional 7,029,543 shares during the period. Finally, Winslow Capital Management LLC raised its position in Paypal Holdings by 53.5% in the third quarter. Winslow Capital Management LLC now owns 10,060,110 shares of the company’s stock worth $412,163,000 after buying an additional 3,505,881 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.
About Paypal Holdings
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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