PayPal Holdings, Inc. (PYPL) Given a $61.00 Price Target by Stifel Nicolaus Analysts

PayPal Holdings, Inc. (NASDAQ:PYPL) has been assigned a $61.00 price objective by analysts at Stifel Nicolaus in a research note issued on Monday. The brokerage presently has a “hold” rating on the credit services provider’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 9.37% from the company’s current price.

Other equities analysts also recently issued reports about the stock. BidaskClub upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Morgan Stanley upgraded shares of PayPal Holdings from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $62.00 to $76.00 in a report on Wednesday, October 11th. Bank of America Corporation restated 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 restated 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. Finally, Credit Suisse Group restated an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $65.14.

Shares of PayPal Holdings (NASDAQ:PYPL) opened at 67.31 on Monday. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $69.61. The firm has a 50-day moving average of $64.38 and a 200 day moving average of $64.38. The company has a market capitalization of $80.93 billion, a P/E ratio of 54.28 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the company earned $0.36 earnings per share. The firm’s revenue was up 18.3% compared to the same quarter last year. On average, analysts anticipate that PayPal Holdings will post $1.84 EPS for the current year.

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In other news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the transaction, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at approximately $2,212,028. The disclosure for this sale can be found here. Insiders sold 261,351 shares of company stock valued at $15,302,809 in the last ninety days. 6.00% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in PYPL. Northwestern Mutual Investment Management Company LLC increased its stake in shares of PayPal Holdings by 76.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 227,017 shares of the credit services provider’s stock valued at $9,766,000 after buying an additional 98,159 shares during the period. RWC Asset Management LLP increased its stake in shares of PayPal Holdings by 67.9% in the first quarter. RWC Asset Management LLP now owns 130,114 shares of the credit services provider’s stock valued at $5,598,000 after buying an additional 52,619 shares during the period. South State Corp acquired a new position in shares of PayPal Holdings in the first quarter valued at approximately $366,000. Tiedemann Wealth Management LLC increased its stake in shares of PayPal Holdings by 39.2% in the first quarter. Tiedemann Wealth Management LLC now owns 64,517 shares of the credit services provider’s stock valued at $2,775,000 after buying an additional 18,175 shares during the period. Finally, Clifford Swan Investment Counsel LLC increased its stake in shares of PayPal Holdings by 2.2% in the first quarter. Clifford Swan Investment Counsel LLC now owns 359,661 shares of the credit services provider’s stock valued at $15,473,000 after buying an additional 7,612 shares during the period. 82.47% of the stock is owned by institutional investors.

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.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

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