PayPal Holdings, Inc. (NASDAQ:PYPL) had its target price lifted by Piper Jaffray Companies in a research report report published on Friday morning. The brokerage currently has a neutral rating on the credit services provider’s stock.
Other equities analysts also recently issued reports about the company. Credit Suisse Group restated an outperform rating and issued a $56.00 target price on shares of PayPal Holdings in a research note on Thursday. Vetr downgraded PayPal Holdings from a buy rating to a hold rating and set a $56.88 target price for the company. in a research note on Monday, July 10th. Loop Capital restated a hold rating and issued a $49.00 target price on shares of PayPal Holdings in a research note on Wednesday, July 12th. Royal Bank Of Canada reiterated a buy rating and set a $52.00 price objective on shares of PayPal Holdings in a research report on Wednesday, July 5th. Finally, Citigroup Inc. reiterated a buy rating and set a $62.00 price objective (up from $52.00) on shares of PayPal Holdings in a research report on Friday, June 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $52.92.
Shares of PayPal Holdings (NASDAQ:PYPL) traded up 0.73% during mid-day trading on Friday, hitting $57.58. The company had a trading volume of 5,803,328 shares. PayPal Holdings has a 52-week low of $36.28 and a 52-week high of $58.63. The stock has a market cap of $69.17 billion, a price-to-earnings ratio of 49.21 and a beta of 0.95. The stock’s 50-day moving average is $52.01 and its 200-day moving average is $44.86.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. PayPal Holdings had a net margin of 12.60% and a return on equity of 10.78%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. Equities analysts forecast that PayPal Holdings will post $1.78 earnings per share for the current year.
PayPal Holdings announced that its board has initiated a share buyback plan on Wednesday, April 26th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the credit services provider to purchase up to 9.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $54.03, for a total transaction of $72,994.53. Following the completion of the sale, the executive vice president now directly owns 37,491 shares in the company, valued at $2,025,638.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were 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 of the company’s stock, valued at $1,967,527.68. The disclosure for this sale can be found here. Insiders have sold 4,501 shares of company stock valued at $240,989 over the last 90 days. Corporate insiders own 6.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in PYPL. Dixon Hubard Feinour & Brown Inc. VA bought a new position in shares of PayPal Holdings during the second quarter worth approximately $5,848,000. TNB Financial bought a new position in shares of PayPal Holdings during the second quarter worth approximately $231,000. Advisors Capital Management LLC raised its position in shares of PayPal Holdings by 2.2% in the second quarter. Advisors Capital Management LLC now owns 195,966 shares of the credit services provider’s stock worth $10,517,000 after buying an additional 4,300 shares in the last quarter. Exane Derivatives bought a new position in shares of PayPal Holdings during the second quarter worth approximately $1,706,000. Finally, Windward Capital Management Co. CA raised its position in shares of PayPal Holdings by 0.3% in the second quarter. Windward Capital Management Co. CA now owns 124,324 shares of the credit services provider’s stock worth $6,673,000 after buying an additional 354 shares in the last quarter. Institutional investors own 81.53% 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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