PayPal Holdings, Inc. (NASDAQ:PYPL) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They presently have a $56.88 price objective on the credit services provider’s stock. Vetr‘s price target suggests a potential upside of 3.49% from the stock’s current price.
Several other research firms also recently weighed in on PYPL. BTIG Research raised their price target on shares of PayPal Holdings from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Sanford C. Bernstein raised shares of PayPal Holdings from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $46.00 to $61.00 in a research note on Monday. Monness Crespi & Hardt raised their price target on shares of PayPal Holdings from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, April 27th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $48.00 price target on shares of PayPal Holdings in a research note on Tuesday, April 4th. Finally, Cowen and Company raised their price target on shares of PayPal Holdings from $39.00 to $42.00 and gave the stock a “market perform” rating in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.19.
Shares of PayPal Holdings (NASDAQ:PYPL) traded up 1.80% during mid-day trading on Monday, reaching $54.94. 10,469,616 shares of the company’s stock traded hands. The company has a market cap of $66.00 billion, a P/E ratio of 46.96 and a beta of 0.95. The company’s 50 day moving average is $52.01 and its 200 day moving average is $44.86. PayPal Holdings has a 12-month low of $36.28 and a 12-month high of $55.42.
PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.94 billion. PayPal Holdings had a net margin of 12.60% and a return on equity of 10.78%. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 EPS. On average, analysts predict that PayPal Holdings will post $1.78 EPS for the current fiscal year.
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In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at $2,025,638.73. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gary J. Marino sold 1,350 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the sale, the executive vice president now owns 37,491 shares in the company, valued at $1,967,527.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,501 shares of company stock valued at $240,989. 6.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of PYPL. Thompson Davis & CO. Inc. boosted its stake in PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in PayPal Holdings during the first quarter worth about $106,000. Carroll Financial Associates Inc. boosted its stake in PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares during the last quarter. Stelac Advisory Services LLC bought a new stake in PayPal Holdings during the first quarter worth about $119,000. Finally, West Oak Capital LLC boosted its stake in PayPal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock worth $123,000 after buying an additional 550 shares during the last quarter. Institutional investors own 81.86% 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.
To view Vetr’s full report, visit Vetr’s official website.
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