Paypal Holdings Inc (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by Deutsche Bank AG in a research note issued on Saturday, April 29th. They presently have a $52.00 price objective on the credit services provider’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 5.88% from the company’s previous close.
Several other equities analysts have also issued reports on PYPL. Sanford C. Bernstein set a $44.00 target price on shares of Paypal Holdings and gave the company a “hold” rating in a report on Sunday, January 8th. Jefferies Group LLC restated a “buy” rating and issued a $52.00 target price on shares of Paypal Holdings in a report on Saturday, January 14th. Guggenheim initiated coverage on shares of Paypal Holdings in a report on Wednesday, January 4th. They set a “buy” rating and a $46.00 price objective on the stock. BTIG Research upped their price objective on shares of Paypal Holdings from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 28th. Finally, Cowen and Company upped their price objective on shares of Paypal Holdings from $39.00 to $42.00 and gave the company a “market perform” rating in a report on Friday, April 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $48.89.
Paypal Holdings (NASDAQ:PYPL) traded up 0.55% on Friday, reaching $49.38. The company’s stock had a trading volume of 6,075,121 shares. The firm’s 50 day moving average is $45.89 and its 200-day moving average is $42.25. The firm has a market cap of $59.32 billion, a P/E ratio of 42.21 and a beta of 0.91. Paypal Holdings has a 12 month low of $34.00 and a 12 month high of $50.35.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.01. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. Paypal Holdings had a return on equity of 10.69% and a net margin of 12.92%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. On average, equities research analysts anticipate that Paypal Holdings will post $1.78 EPS for the current year.
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In related news, EVP Gary J. Marino sold 13,535 shares of Paypal Holdings stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $42.52, for a total transaction of $575,508.20. Following the completion of the transaction, the executive vice president now directly owns 39,405 shares of the company’s stock, valued at approximately $1,675,500.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gary J. Marino sold 17,386 shares of Paypal Holdings stock in a transaction dated 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 of the company’s stock, valued at $1,736,746.20. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. boosted its position in shares of Paypal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after buying an additional 649 shares during the period. Crestwood Advisors Group LLC bought a new stake in shares of Paypal Holdings during the first quarter worth approximately $106,000. Carroll Financial Associates Inc. raised its stake in shares of Paypal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares in the last quarter. Stelac Advisory Services LLC bought a new stake in shares of Paypal Holdings during the first quarter worth approximately $119,000. Finally, West Oak Capital LLC raised its stake in shares of Paypal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock worth $123,000 after buying an additional 550 shares in the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.
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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