PayPal Holdings, Inc. (PYPL) Given “Buy” Rating at Guggenheim
PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by analysts at Guggenheim in a research report issued on Thursday. They currently have a $72.00 target price on the credit services provider’s stock, up from their prior target price of $67.00. Guggenheim’s price target suggests a potential upside of 12.48% from the company’s current price.
A number of other research firms have also recently commented on PYPL. Sanford C. Bernstein raised shares of PayPal Holdings from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $61.00 in a report on Monday, July 10th. Stephens reissued an “overweight” rating and issued a $59.00 target price (up previously from $51.00) on shares of PayPal Holdings in a report on Monday, June 19th. Loop Capital reissued a “hold” rating and issued a $49.00 target price on shares of PayPal Holdings in a report on Wednesday, July 12th. Citigroup Inc. increased their target price on shares of PayPal Holdings to $77.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays PLC increased their target price on shares of PayPal Holdings from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company. PayPal Holdings has an average rating of “Buy” and a consensus price target of $62.45.
PayPal Holdings (NASDAQ PYPL) opened at 64.84 on Thursday. The firm has a 50 day moving average of $63.39 and a 200-day moving average of $63.39. The company has a market capitalization of $77.96 billion, a P/E ratio of 52.29 and a beta of 0.98. PayPal Holdings has a 52 week low of $38.06 and a 52 week high of $65.24.
PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, analysts forecast that PayPal Holdings will post $1.84 earnings per share for the current year.
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In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the firm’s 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 transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at approximately $1,733,181. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the firm’s 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 transaction, the director now owns 124,516 shares in the company, valued at $7,244,340.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 261,351 shares of company stock worth $15,302,809. Company insiders own 6.00% of the company’s stock.
Large investors have recently modified their holdings of the business. Thompson Davis & CO. Inc. lifted its stake in PayPal Holdings by 36.7% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 649 shares in the last quarter. Stelac Advisory Services LLC bought a new position in PayPal Holdings during the 1st quarter valued at $119,000. Archford Capital Strategies LLC lifted its stake in PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 1,281 shares in the last quarter. First Personal Financial Services lifted its stake in PayPal Holdings by 73.4% during the 1st quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 1,479 shares in the last quarter. Finally, Balentine LLC lifted its stake in PayPal Holdings by 28.7% during the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 780 shares in the last quarter. Institutional investors and hedge funds 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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