Canaccord Genuity reissued their hold rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research note issued to investors on Thursday morning. Canaccord Genuity currently has a $66.00 price target on the credit services provider’s stock.
A number of other research firms have also weighed in on PYPL. Vetr upgraded PayPal Holdings from a hold rating to a buy rating and set a $76.80 target price on the stock in a report on Tuesday, October 31st. Zacks Investment Research lowered PayPal Holdings from a buy rating to a hold rating in a report on Thursday, November 2nd. William Blair reaffirmed a buy rating on shares of PayPal Holdings in a research report on Friday, October 20th. Stifel Nicolaus increased their price target on PayPal Holdings from $61.00 to $70.00 and gave the company a hold rating in a research report on Sunday, October 22nd. Finally, Piper Jaffray Companies reaffirmed a hold rating and set a $69.00 price target on shares of PayPal Holdings in a research report on Sunday, October 22nd. Ten analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $72.46.
PayPal Holdings (PYPL) opened at $76.38 on Thursday. PayPal Holdings has a fifty-two week low of $38.06 and a fifty-two week high of $78.01. The firm has a market capitalization of $91,800.00 and a P/E ratio of 54.56.
PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. equities analysts forecast that PayPal Holdings will post 1.37 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA increased its holdings in shares of PayPal Holdings by 352.8% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after buying an additional 1,217 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PayPal Holdings in the third quarter worth about $113,000. Kistler Tiffany Companies LLC increased its holdings in shares of PayPal Holdings by 511.9% in the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after buying an additional 1,684 shares during the period. Archford Capital Strategies LLC increased its holdings in shares of PayPal Holdings by 65.4% in the first quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after buying an additional 1,281 shares during the period. Finally, Balentine LLC increased its holdings in shares of PayPal Holdings by 28.7% in the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after buying an additional 780 shares during the period. Hedge funds and other institutional investors own 82.77% 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.
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