PayPal Holdings, Inc. (PYPL) Given Consensus Recommendation of “Buy” by Analysts

PayPal Holdings, Inc. (NASDAQ:PYPL) has been given an average recommendation of “Buy” by the forty research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $50.57.

Several brokerages have recently issued reports on PYPL. Morgan Stanley upped their target price on shares of PayPal Holdings from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Instinet upped their target price on shares of PayPal Holdings from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, June 6th. Robert W. Baird upped their target price on shares of PayPal Holdings from $48.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Barclays PLC upped their target price on shares of PayPal Holdings from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, May 1st. Finally, Wedbush reiterated an “outperform” rating and set a $54.00 price target on shares of PayPal Holdings in a report on Wednesday, April 19th.

PayPal Holdings (NASDAQ PYPL) opened at 52.93 on Tuesday. PayPal Holdings has a 52 week low of $34.00 and a 52 week high of $55.14. The company has a market capitalization of $63.58 billion, a PE ratio of 45.24 and a beta of 0.95. The stock’s 50 day moving average price is $50.96 and its 200-day moving average price is $44.10. PayPal Holdings also was the recipient of some unusual options trading activity on Monday. Investors purchased 5,754 put options on the stock. This represents an increase of 123% compared to the typical daily volume of 2,578 put options.

PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.94 billion. PayPal Holdings had a net margin of 12.60% and a return on equity of 10.78%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. On average, equities research analysts predict that PayPal Holdings will post $1.78 earnings per share for the current fiscal year.

In related news, Director Gail J. Mcgovern sold 1,800 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $53.97, for a total transaction of $97,146.00. Following the completion of the sale, the director now owns 12,647 shares of the company’s stock, valued at $682,558.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary J. Marino sold 1,350 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the sale, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. Insiders have sold 16,685 shares of company stock valued at $743,502 in the last three months. 6.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Dodge & Cox purchased a new stake in PayPal Holdings during the fourth quarter worth approximately $7,816,000. Benjamin F. Edwards & Company Inc. boosted its stake in PayPal Holdings by 236.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 14,586 shares of the credit services provider’s stock worth $627,000 after buying an additional 10,250 shares during the last quarter. Comerica Bank boosted its stake in PayPal Holdings by 2.3% in the first quarter. Comerica Bank now owns 466,588 shares of the credit services provider’s stock worth $21,999,000 after buying an additional 10,270 shares during the last quarter. Clean Yield Group purchased a new stake in PayPal Holdings during the first quarter worth approximately $127,000. Finally, Thrivent Financial for Lutherans boosted its stake in PayPal Holdings by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,520,450 shares of the credit services provider’s stock worth $178,423,000 after buying an additional 246,950 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PYPL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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