PayPal Holdings, Inc. (NASDAQ:PYPL) has been assigned a $65.00 price target by investment analysts at Craig Hallum in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the credit services provider’s stock. Craig Hallum’s target price would indicate a potential upside of 23.27% from the company’s previous close.
A number of other research firms have also recently weighed in on PYPL. Citigroup Inc. reaffirmed a “buy” rating and issued a $62.00 price objective (up previously from $52.00) on shares of PayPal Holdings in a report on Friday, June 9th. BMO Capital Markets increased their price objective on shares of PayPal Holdings from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, June 9th. BTIG Research increased their price objective on shares of PayPal Holdings from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday. Wedbush reiterated an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, June 6th. Finally, Instinet increased 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $51.72.
Shares of PayPal Holdings (PYPL) traded up 2.247% during mid-day trading on Wednesday, hitting $53.915. 4,172,471 shares of the stock traded hands. PayPal Holdings has a 12-month low of $34.00 and a 12-month high of $55.14. The firm’s 50 day moving average price is $51.11 and its 200-day moving average price is $44.20. The stock has a market cap of $64.77 billion, a P/E ratio of 46.081 and a beta of 0.95.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. PayPal Holdings had a return on equity of 10.78% and a net margin of 12.60%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the business earned $0.37 EPS. The firm’s revenue was up 16.9% on a year-over-year basis. Analysts predict that PayPal Holdings will post $1.78 earnings per share for the current year.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,350 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $52.48, for a total transaction of $70,848.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gail J. Mcgovern sold 1,800 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.97, for a total value of $97,146.00. Following the sale, the director now directly owns 12,647 shares of the company’s stock, valued at $682,558.59. The disclosure for this sale can be found here. Insiders have sold a total of 16,685 shares of company stock valued at $743,502 over the last three months. Company insiders own 6.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in PYPL. Dimensional Fund Advisors LP boosted its stake in shares of PayPal Holdings by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,993,641 shares of the credit services provider’s stock valued at $78,696,000 after buying an additional 39,933 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of PayPal Holdings during the fourth quarter valued at $2,311,000. Highland Capital Management LP purchased a new stake in shares of PayPal Holdings during the fourth quarter valued at $296,000. Bayesian Capital Management LP purchased a new stake in shares of PayPal Holdings during the fourth quarter valued at $1,891,000. Finally, Credit Agricole S A boosted its stake in shares of PayPal Holdings by 23.6% in the fourth quarter. Credit Agricole S A now owns 315,798 shares of the credit services provider’s stock valued at $12,466,000 after buying an additional 60,359 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.
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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