PayPal Holdings, Inc. (PYPL) PT Raised to $75.00

PayPal Holdings, Inc. (NASDAQ:PYPL) had its price objective upped by research analysts at Barclays PLC from $69.00 to $75.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “overweight” rating on the credit services provider’s stock. Barclays PLC’s price objective would indicate a potential upside of 8.92% from the stock’s previous close.

Several other research firms also recently weighed in on PYPL. Credit Suisse Group reaffirmed an “outperform” rating and issued a $70.00 price objective (up previously from $63.00) on shares of PayPal Holdings in a report on Tuesday. Morgan Stanley raised shares of PayPal Holdings from an “equal weight” rating to an “overweight” rating in a report on Wednesday. Bank of America Corporation reaffirmed a “buy” rating and issued a $78.00 price objective (up previously from $71.00) on shares of PayPal Holdings in a report on Friday, October 6th. Citigroup Inc. upped their price objective on shares of PayPal Holdings to $77.00 and gave the stock a “buy” rating in a report on Tuesday, October 3rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $77.00 price objective (up previously from $64.00) on shares of PayPal Holdings in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $63.59.

Shares of PayPal Holdings (NASDAQ PYPL) opened at 68.86 on Wednesday. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $68.98. The stock has a market capitalization of $82.80 billion, a P/E ratio of 55.53 and a beta of 0.98. The firm has a 50 day moving average of $64.21 and a 200-day moving average of $64.21.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. 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 company’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,733,181. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total value of $79,709.00. Following the sale, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at approximately $2,212,028. The disclosure for this sale can be found here. In the last three months, insiders sold 261,351 shares of company stock valued at $15,302,809. 6.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in PYPL. Thompson Davis & CO. Inc. boosted its position in PayPal Holdings by 36.7% during the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after purchasing an additional 649 shares during the period. Mutual of America Capital Management LLC boosted its position in PayPal Holdings by 2.2% during the first quarter. Mutual of America Capital Management LLC now owns 137,356 shares of the credit services provider’s stock worth $5,909,000 after purchasing an additional 2,983 shares during the period. Telos Capital Management Inc. boosted its position in PayPal Holdings by 0.9% during the first quarter. Telos Capital Management Inc. now owns 45,460 shares of the credit services provider’s stock worth $1,956,000 after purchasing an additional 395 shares during the period. Lindsell Train Ltd boosted its position in PayPal Holdings by 3.8% during the first quarter. Lindsell Train Ltd now owns 6,281,983 shares of the credit services provider’s stock worth $270,251,000 after purchasing an additional 232,200 shares during the period. Finally, Norinchukin Bank The boosted its position in PayPal Holdings by 4.4% during the first quarter. Norinchukin Bank The now owns 130,503 shares of the credit services provider’s stock worth $5,614,000 after purchasing an additional 5,462 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

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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