Paypal Holdings Inc (PYPL) Rating Reiterated by Keefe, Bruyette & Woods

Paypal Holdings Inc (NASDAQ:PYPL)‘s stock had its “buy” rating reissued by research analysts at Keefe, Bruyette & Woods in a research note issued on Tuesday. They presently have a $48.00 price objective on the credit services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 9.86% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Vetr lowered shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $45.34 target price for the company. in a research note on Wednesday, January 4th. Guggenheim started coverage on shares of Paypal Holdings in a research note on Wednesday, January 4th. They set a “buy” rating and a $46.00 target price for the company. Berenberg Bank initiated coverage on shares of Paypal Holdings in a research note on Tuesday, January 10th. They set a “buy” rating and a $51.00 target price for the company. Zacks Investment Research upgraded Paypal Holdings from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Thursday, December 22nd. Finally, Monness Crespi & Hardt upgraded Paypal Holdings from a “neutral” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. Paypal Holdings has an average rating of “Buy” and an average target price of $45.51.

Analyst Recommendations for Paypal Holdings (NASDAQ:PYPL)

Paypal Holdings (NASDAQ:PYPL) traded up 0.25% during midday trading on Tuesday, hitting $43.80. The stock had a trading volume of 4,160,698 shares. The stock has a market capitalization of $52.89 billion, a price-to-earnings ratio of 38.09 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 company’s 50 day moving average price is $42.92 and its 200-day moving average price is $41.19.

Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, January 26th. The credit services provider reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Paypal Holdings had a net margin of 12.92% and a return on equity of 10.69%. The company earned $2.98 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts anticipate 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 13,535 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $42.52, for a total transaction of $575,508.20. Following the sale, the executive vice president now directly owns 39,405 shares of the company’s stock, valued at approximately $1,675,500.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gary J. Marino sold 17,386 shares of the company’s 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 directly owns 40,740 shares in the company, valued at $1,736,746.20. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Several large investors have recently made changes to their positions in PYPL. BLB&B Advisors LLC purchased a new stake in shares of Paypal Holdings during the third quarter worth approximately $217,000. MAI Capital Management increased its stake in shares of Paypal Holdings by 57.8% in the third quarter. MAI Capital Management now owns 27,812 shares of the credit services provider’s stock worth $1,139,000 after buying an additional 10,188 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Paypal Holdings by 15.0% in the third quarter. Farmers & Merchants Investments Inc. now owns 102,175 shares of the credit services provider’s stock worth $4,186,000 after buying an additional 13,318 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Paypal Holdings by 17.7% in the third quarter. Bank of Montreal Can now owns 1,211,965 shares of the credit services provider’s stock worth $49,654,000 after buying an additional 181,918 shares in the last quarter. Finally, Greenleaf Trust increased its stake in shares of Paypal Holdings by 0.9% in the third quarter. Greenleaf Trust now owns 169,982 shares of the credit services provider’s stock worth $6,964,000 after buying an additional 1,482 shares in the last quarter. 81.22% of the stock is currently 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.

5 Day Chart for NASDAQ:PYPL

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