Piper Jaffray Companies restated their underweight rating on shares of Paypal Holdings Inc (NASDAQ:PYPL) in a research report released on Friday, April 14th. The brokerage currently has a $41.00 target price on the credit services provider’s stock.
A number of other research analysts have also recently commented on the stock. Vetr upgraded shares of Paypal Holdings from a buy rating to a strong-buy rating and set a $48.38 price target on the stock in a research report on Tuesday, April 4th. Keefe, Bruyette & Woods reiterated a buy rating and set a $48.00 price target on shares of Paypal Holdings in a research report on Tuesday, April 4th. Zacks Investment Research upgraded shares of Paypal Holdings from a hold rating to a buy rating and set a $48.00 target price on the stock in a report on Wednesday, March 29th. Barclays PLC restated an overweight rating and issued a $48.00 target price (up previously from $47.00) on shares of Paypal Holdings in a report on Friday, March 17th. Finally, Deutsche Bank AG restated a buy rating and issued a $52.00 target price on shares of Paypal Holdings in a report on Saturday, March 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Paypal Holdings currently has a consensus rating of Buy and an average target price of $48.89.
Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, April 26th. The credit services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. Paypal Holdings had a net margin of 12.92% and a return on equity of 10.69%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis.
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In related news, EVP Gary J. Marino sold 13,535 shares of the company’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $42.52, for a total transaction of $575,508.20. Following the completion of the sale, the executive vice president now directly owns 39,405 shares in the company, valued at approximately $1,675,500.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary J. Marino sold 17,386 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $42.63, for a total value of $741,165.18. Following the sale, the executive vice president now owns 40,740 shares of the company’s stock, valued at $1,736,746.20. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. boosted its stake in Paypal Holdings by 3.5% in the third quarter. Winslow Evans & Crocker Inc. now owns 2,438 shares of the credit services provider’s stock worth $100,000 after buying an additional 82 shares during the period. 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 period. Crestwood Advisors Group LLC acquired a new stake in Paypal Holdings during the first quarter worth approximately $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 period. Finally, Stelac Advisory Services LLC acquired a new stake in Paypal Holdings during the first quarter worth approximately $119,000. Institutional investors own 81.22% 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.
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