Paypal Holdings Inc (PYPL) Upgraded at Vetr Inc.

Paypal Holdings Inc (NASDAQ:PYPL) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Thursday, May 4th. The brokerage presently has a $51.23 price target on the credit services provider’s stock. Vetr‘s price objective would indicate a potential upside of 4.32% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Sanford C. Bernstein set a $44.00 price target on shares of Paypal Holdings and gave the stock a “hold” rating in a research note on Sunday, January 8th. Royal Bank of Canada upped their target price on shares of Paypal Holdings from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Monness Crespi & Hardt upped their target price on shares of Paypal Holdings from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Jefferies Group LLC restated a “buy” rating and set a $52.00 target price on shares of Paypal Holdings in a research note on Wednesday, April 19th. Finally, Barclays PLC upped their price target 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Paypal Holdings currently has a consensus rating of “Buy” and an average target price of $48.89.

Analyst Recommendations for Paypal Holdings (NASDAQ:PYPL)

Shares of Paypal Holdings (NASDAQ:PYPL) traded up 1.110% during trading on Thursday, reaching $49.655. 4,576,857 shares of the company’s stock were exchanged. Paypal Holdings has a 52-week low of $34.00 and a 52-week high of $50.35. The stock’s 50 day moving average price is $45.89 and its 200-day moving average price is $42.25. The stock has a market cap of $59.65 billion, a PE ratio of 42.440 and a beta of 0.91.

Paypal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, April 26th. The credit services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. Paypal Holdings had a net margin of 12.92% and a return on equity of 10.69%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm posted $0.37 EPS. The business’s quarterly revenue was up 16.9% on a year-over-year basis. On average, equities research analysts forecast that Paypal Holdings will post $1.78 EPS for the current year.

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In related news, EVP Gary J. Marino sold 17,386 shares of Paypal Holdings stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gary J. Marino sold 13,535 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $42.52, for a total value of $575,508.20. Following the completion of the sale, the executive vice president now owns 39,405 shares of the company’s stock, valued at $1,675,500.60. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Paypal Holdings by 128.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 76,139,003 shares of the credit services provider’s stock valued at $3,119,415,000 after buying an additional 42,783,928 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Paypal Holdings by 3.5% in the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock worth $3,254,192,000 after buying an additional 2,549,683 shares in the last quarter. FMR LLC increased its stake in shares of Paypal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock worth $2,600,728,000 after buying an additional 13,296,056 shares in the last quarter. BlackRock Inc. increased its stake in shares of Paypal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock worth $2,585,670,000 after buying an additional 58,026,239 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Paypal Holdings by 0.7% in the fourth quarter. State Street Corp now owns 46,257,876 shares of the credit services provider’s stock worth $1,825,798,000 after buying an additional 307,533 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Paypal Holdings Company Profile

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.

5 Day Chart for NASDAQ:PYPL

To view Vetr’s full report, visit Vetr’s official website.

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