Other equities research analysts have also issued research reports about the company. Keefe, Bruyette & Woods reiterated a buy rating and issued a $48.00 price target on shares of PayPal Holdings in a research report on Tuesday, April 4th. Zacks Investment Research upgraded PayPal Holdings from a hold rating to a buy rating and set a $48.00 target price on the stock in a research report on Wednesday, March 29th. Vetr lowered PayPal Holdings from a strong-buy rating to a buy rating and set a $48.08 target price on the stock. in a research report on Monday, March 13th. Deutsche Bank AG restated a buy rating and set a $52.00 target price on shares of PayPal Holdings in a research report on Saturday, March 11th. Finally, Jefferies Group LLC restated a buy rating and set a $52.00 target price on shares of PayPal Holdings in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $59.49.
Shares of PayPal Holdings (PYPL) traded down 1.58% during trading on Monday, reaching $59.20. The company’s stock had a trading volume of 10,800,785 shares. The company’s 50 day moving average price is $55.22 and its 200 day moving average price is $47.26. PayPal Holdings has a 12 month low of $36.28 and a 12 month high of $61.30. The firm has a market cap of $71.18 billion, a PE ratio of 50.17 and a beta of 0.95.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the company posted $0.36 EPS. The business’s revenue was up 18.3% on a year-over-year basis. On average, equities analysts predict that PayPal Holdings will post $1.83 earnings per share for the current year.
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PayPal Holdings announced that its board has authorized a share buyback plan on Wednesday, April 26th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,350 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $52.48, for a total transaction of $70,848.00. Following the sale, the executive vice president now owns 37,491 shares in the company, valued at $1,967,527.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $54.03, for a total value of $72,994.53. Following the sale, the executive vice president now owns 37,491 shares in the company, valued at approximately $2,025,638.73. The disclosure for this sale can be found here. Insiders have sold 4,501 shares of company stock worth $240,989 in the last 90 days. Company insiders own 6.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in PYPL. Vanguard Group Inc. increased its stake in PayPal Holdings by 3.5% in the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock worth $3,254,192,000 after buying an additional 2,549,683 shares during the last quarter. FMR LLC increased its position in PayPal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock valued at $2,600,728,000 after buying an additional 13,296,056 shares in the last quarter. BlackRock Inc. increased its position in PayPal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after buying an additional 58,026,239 shares in the last quarter. Edgewood Management LLC increased its position in PayPal Holdings by 3.7% in the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock valued at $798,817,000 after buying an additional 663,087 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in PayPal Holdings by 15.4% in the first quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock valued at $637,263,000 after buying an additional 1,982,305 shares in the last quarter. Institutional investors and hedge funds own 81.55% of the company’s stock.
About PayPal Holdings
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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