PayPal Holdings, Inc. (NASDAQ:PYPL) was upgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday.
A number of other research analysts have also recently commented on PYPL. Credit Suisse Group reiterated an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Wednesday, July 19th. BidaskClub upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Jefferies Group LLC reiterated a “buy” rating and set a $61.27 price target (down from $70.00) on shares of PayPal Holdings in a research report on Wednesday, September 6th. Finally, Craig Hallum set a $65.00 price target on shares of PayPal Holdings and gave the company a “buy” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. PayPal Holdings currently has an average rating of “Buy” and a consensus price target of $63.85.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 earnings per share.
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In other news, COO William J. Ready sold 90,000 shares of the stock in a transaction on Monday, July 31st. The stock was 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 of the company’s stock, valued at approximately $1,733,181. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John J. Donahoe sold 170,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the transaction, the director now directly owns 124,516 shares in the company, valued at approximately $7,244,340.88. 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 three months. Corporate insiders own 6.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Thompson Davis & CO. Inc. lifted 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 purchasing an additional 649 shares during the last quarter. Stelac Advisory Services LLC purchased a new stake in shares of PayPal Holdings during the 1st quarter worth $119,000. Archford Capital Strategies LLC lifted 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 purchasing an additional 1,281 shares during the last quarter. Balentine LLC lifted its stake in shares of PayPal Holdings by 28.7% during the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 780 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted 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 purchasing an additional 1,808 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.
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.
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