Paypal Holdings Inc (NASDAQ:PYPL) – Equities research analysts at William Blair issued their FY2020 earnings estimates for Paypal in a research report issued on Thursday. William Blair analyst R. Napoli anticipates that the credit services provider will post earnings of $2.60 per share for the year. William Blair currently has a “Buy” rating on the stock.
A number of other research firms also recently commented on PYPL. BTIG Research downgraded Paypal from a “buy” rating to a “neutral” rating in a research note on Thursday, February 1st. Stifel Nicolaus boosted their price target on Paypal from $77.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Jefferies Group boosted their price target on Paypal from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $91.00 price target (up previously from $85.00) on shares of Paypal in a research note on Wednesday, January 17th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Paypal in a research note on Thursday, February 1st. Nine research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $77.04.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. Paypal had a return on equity of 11.59% and a net margin of 13.71%. Paypal’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share.
Several institutional investors have recently bought and sold shares of the business. Sigma Planning Corp boosted its holdings in shares of Paypal by 14.4% during the 4th quarter. Sigma Planning Corp now owns 24,472 shares of the credit services provider’s stock worth $1,802,000 after buying an additional 3,077 shares in the last quarter. Gradient Investments LLC boosted its holdings in shares of Paypal by 17.5% during the 4th quarter. Gradient Investments LLC now owns 7,679 shares of the credit services provider’s stock worth $565,000 after buying an additional 1,146 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of Paypal during the 4th quarter worth approximately $248,000. Cognios Capital LLC bought a new position in shares of Paypal during the 4th quarter worth approximately $432,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Paypal by 45.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 51,824 shares of the credit services provider’s stock worth $3,815,000 after purchasing an additional 16,223 shares during the period. Hedge funds and other institutional investors own 82.46% of the company’s stock.
In other Paypal news, VP Aaron Anderson sold 9,367 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $77.84, for a total transaction of $729,127.28. Following the transaction, the vice president now directly owns 18,480 shares in the company, valued at approximately $1,438,483.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO William J. Ready sold 60,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $77.68, for a total value of $4,660,800.00. Following the transaction, the chief operating officer now owns 95,944 shares in the company, valued at $7,452,929.92. The disclosure for this sale can be found here. Insiders have sold a total of 126,344 shares of company stock worth $9,818,481 over the last 90 days. Company insiders own 6.00% of the company’s stock.
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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