Paypal Holdings Inc (PYPL) Stock Rating Reaffirmed by Barclays PLC

Paypal Holdings Inc (NASDAQ:PYPL)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays PLC in a note issued to investors on Friday. They currently have a $48.00 price target on the stock, up from their previous price target of $47.00. Barclays PLC’s price objective would suggest a potential upside of 11.21% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. BMO Capital Markets initiated coverage on Paypal Holdings in a research report on Thursday, January 5th. They issued an “outperform” rating and a $47.00 target price on the stock. Zacks Investment Research cut Paypal Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, December 27th. Mizuho reissued a “buy” rating and issued a $48.00 target price on shares of Paypal Holdings in a research report on Friday, January 27th. Berenberg Bank initiated coverage on Paypal Holdings in a research report on Tuesday, January 10th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, Goldman Sachs Group Inc raised their target price on Paypal Holdings from $49.00 to $50.00 and gave the stock a “conviction-buy” rating in a research report on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $45.63.

Analyst Recommendations for Paypal Holdings (NASDAQ:PYPL)

Shares of Paypal Holdings (NASDAQ:PYPL) opened at 43.16 on Friday. The firm has a market capitalization of $52.12 billion, a PE ratio of 37.53 and a beta of 0.91. Paypal Holdings has a 52 week low of $34.00 and a 52 week high of $44.52. The stock has a 50 day moving average price of $41.70 and a 200 day moving average price of $40.58.

Paypal Holdings (NASDAQ:PYPL) last announced its earnings results on Thursday, January 26th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Paypal Holdings had a return on equity of 10.69% and a net margin of 12.92%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. Equities analysts forecast that Paypal Holdings will post $1.72 earnings per share for the current fiscal year.

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In related news, EVP Gary J. Marino sold 17,386 shares of Paypal Holdings stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $42.63, for a total transaction of $741,165.18. Following the sale, the executive vice president now owns 40,740 shares of the company’s stock, valued at approximately $1,736,746.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in Paypal Holdings by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 32,506 shares of the company’s stock valued at $1,187,000 after buying an additional 2,372 shares in the last quarter. Fulton Bank N.A. boosted its position in Paypal Holdings by 7.8% in the third quarter. Fulton Bank N.A. now owns 33,092 shares of the company’s stock valued at $1,355,000 after buying an additional 2,407 shares in the last quarter. North Star Asset Management Inc. boosted its position in Paypal Holdings by 5.4% in the third quarter. North Star Asset Management Inc. now owns 167,839 shares of the company’s stock valued at $6,876,000 after buying an additional 8,645 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in Paypal Holdings by 2.6% in the third quarter. Independent Portfolio Consultants Inc. now owns 19,350 shares of the company’s stock valued at $793,000 after buying an additional 485 shares in the last quarter. Finally, F&V Capital Management LLC boosted its position in Paypal Holdings by 1.1% in the third quarter. F&V Capital Management LLC now owns 71,915 shares of the company’s stock valued at $2,946,000 after buying an additional 785 shares in the last quarter. Institutional investors and hedge funds own 81.22% 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.

5 Day Chart for NASDAQ:PYPL

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