PayPal Holdings, Inc. (NASDAQ:PYPL) had its price target lifted by investment analysts at BTIG Research from $70.00 to $81.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the credit services provider’s stock. BTIG Research’s target price would indicate a potential upside of 20.45% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. TheStreet raised shares of PayPal Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $61.00 price objective on shares of PayPal Holdings in a research report on Friday, July 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $52.00 price objective on shares of PayPal Holdings in a research report on Wednesday, July 5th. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price objective for the company in a research report on Tuesday, July 4th. Finally, Craig Hallum set a $65.00 price objective on shares of PayPal Holdings and gave the company a “buy” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.41.
Shares of PayPal Holdings (NASDAQ:PYPL) opened at 67.25 on Friday. The firm has a 50-day moving average of $64.75 and a 200 day moving average of $64.75. PayPal Holdings has a one year low of $38.06 and a one year high of $69.61. The stock has a market capitalization of $80.86 billion, a price-to-earnings ratio of 54.23 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. On average, equities research analysts predict that PayPal Holdings will post $1.84 EPS for the current year.
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In other news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the sale, the director now owns 124,516 shares in the company, valued at $7,244,340.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William J. Ready sold 90,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the completion of the sale, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders sold 261,351 shares of company stock worth $15,302,809 in the last quarter. Company insiders own 6.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Stelac Advisory Services LLC acquired a new stake in shares of PayPal Holdings in the first quarter worth $119,000. Harvest Fund Management Co. Ltd increased its stake in shares of PayPal Holdings by 171.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 1,808 shares during the period. MV Capital Management Inc. increased its stake in shares of PayPal Holdings by 7.2% in the second quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 199 shares during the period. Archford Capital Strategies LLC increased its stake 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 acquiring an additional 1,281 shares during the period. Finally, Balentine LLC increased its stake 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 acquiring an additional 780 shares during the period. Hedge funds and other institutional investors own 82.47% 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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