PayPal Holdings, Inc. (NASDAQ:PYPL) had its target price boosted by Barclays PLC from $69.00 to $75.00 in a research report released on Wednesday morning. Barclays PLC currently has an overweight rating on the credit services provider’s stock.
PYPL has been the subject of a number of other reports. BidaskClub upgraded shares of PayPal Holdings from a buy rating to a strong-buy rating in a report on Tuesday, June 27th. Bank of America Corporation reiterated a buy rating and set a $78.00 target price (up from $71.00) on shares of PayPal Holdings in a report on Friday, October 6th. Robert W. Baird reiterated an outperform rating and set a $65.00 target price (up from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Credit Suisse Group reiterated an outperform rating on shares of PayPal Holdings in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada reiterated a buy rating and set a $65.00 target price on shares of PayPal Holdings in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $63.14.
PayPal Holdings (NASDAQ PYPL) traded up 1.59% on Wednesday, hitting $68.86. The stock had a trading volume of 8,664,829 shares. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $68.98. The stock’s 50-day moving average is $64.02 and its 200-day moving average is $64.02. The company has a market cap of $82.80 billion, a P/E ratio of 55.53 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. PayPal Holdings’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. Analysts expect that PayPal Holdings will post $1.84 earnings per share for the current year.
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In other news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total transaction of $79,709.00. Following the transaction, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The disclosure for this sale can be found here. Insiders have sold a total of 261,351 shares of company stock worth $15,302,809 in the last quarter. Corporate insiders own 6.00% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. boosted its stake in shares of PayPal Holdings by 36.7% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after acquiring an additional 649 shares during the last quarter. Stelac Advisory Services LLC purchased a new position in shares of PayPal Holdings during the 1st quarter worth $119,000. Harvest Fund Management Co. Ltd boosted its stake in shares of PayPal Holdings by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 1,808 shares during the last quarter. MV Capital Management Inc. boosted its stake in shares of PayPal Holdings by 7.2% during the 2nd quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 199 shares during the last quarter. Finally, Archford Capital Strategies LLC boosted its stake in shares of PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after acquiring an additional 1,281 shares during the last quarter. Institutional investors and hedge funds own 82.47% 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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