PayPal Holdings, Inc. (PYPL) Rating Reiterated by Canaccord Genuity

PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “hold” rating reissued by analysts at Canaccord Genuity in a report released on Thursday. They currently have a $66.00 price objective on the credit services provider’s stock. Canaccord Genuity’s price objective suggests a potential downside of 13.59% from the stock’s current price.

Several other research analysts have also weighed in on PYPL. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target on the stock in a research report on Thursday, August 10th. Robert W. Baird reaffirmed an “outperform” rating and set a $65.00 price target (up previously from $59.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $72.00 price target (up previously from $60.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $75.00 price target (up previously from $67.00) on shares of PayPal Holdings in a research report on Friday, September 29th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $66.00 price target on shares of PayPal Holdings in a research report on Wednesday, September 27th. Eleven analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company. PayPal Holdings has a consensus rating of “Buy” and a consensus target price of $72.43.

Shares of PayPal Holdings (NASDAQ PYPL) opened at $76.38 on Thursday. PayPal Holdings has a 1 year low of $38.06 and a 1 year high of $78.01. The stock has a market capitalization of $93,390.00 and a P/E ratio of 53.21.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. equities research analysts anticipate that PayPal Holdings will post 1.37 earnings per share for the current year.

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Several hedge funds have recently modified their holdings of the company. FMR LLC increased its stake in shares of PayPal Holdings by 36.1% in the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after buying an additional 21,814,940 shares during the period. Vanguard Group Inc. increased its stake in shares of PayPal Holdings by 2.8% in the second quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after buying an additional 2,115,017 shares during the period. BlackRock Inc. increased its stake in shares of PayPal Holdings by 4.7% in the second quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after buying an additional 2,835,027 shares during the period. Edgewood Management LLC increased its stake in shares of PayPal Holdings by 3.7% in the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock valued at $798,817,000 after buying an additional 663,087 shares during the period. Finally, Fundsmith LLP increased its stake in shares of PayPal Holdings by 6.8% in the second quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after buying an additional 889,976 shares during the period. 83.08% of the stock is owned by institutional investors.

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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