Canaccord Genuity downgraded shares of Paypal Holdings Inc. (NASDAQ:PYPL) from a buy rating to a hold rating in a research note issued to investors on Monday. The brokerage currently has $40.00 price target on the stock, down from their previous price target of $45.00.

Analyst Recommendations for Paypal Holdings (NASDAQ:PYPL)

Several other research firms have also commented on PYPL. Credit Agricole SA set a $38.00 price target on Paypal Holdings and gave the stock a sell rating in a research report on Thursday, September 15th. Wells Fargo & Co. lowered Paypal Holdings from an outperform rating to a market perform rating in a research report on Friday, July 22nd. Pacific Crest reissued a hold rating on shares of Paypal Holdings in a research report on Friday, July 22nd. William Blair reissued an outperform rating on shares of Paypal Holdings in a research report on Friday, July 22nd. Finally, Credit Suisse Group AG boosted their price target on Paypal Holdings from $42.00 to $43.00 and gave the stock an outperform rating in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $43.68.

Paypal Holdings (NASDAQ:PYPL) opened at 40.29 on Monday. The company has a market cap of $47.62 billion, a P/E ratio of 36.63 and a beta of 1.13. The firm has a 50-day moving average price of $38.33 and a 200-day moving average price of $38.36. Paypal Holdings has a 12-month low of $30.30 and a 12-month high of $41.75.

Paypal Holdings (NASDAQ:PYPL) last issued its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business earned $2.65 billion during the quarter, compared to analyst estimates of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same period in the previous year, the company posted $0.32 EPS. On average, analysts forecast that Paypal Holdings will post $1.50 earnings per share for the current fiscal year.

In related news, SVP Tomer Barel sold 5,862 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value of $218,125.02. Following the completion of the transaction, the senior vice president now directly owns 27,017 shares in the company, valued at $1,005,302.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William J. Ready sold 48,963 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $38.00, for a total value of $1,860,594.00. Following the completion of the transaction, the senior vice president now owns 56,943 shares of the company’s stock, valued at $2,163,834. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Osborn Rohs Williams & Donohoe Ltd acquired a new position in shares of Paypal Holdings during the first quarter valued at $872,000. Sit Investment Associates Inc. acquired a new position in shares of Paypal Holdings during the first quarter valued at $2,387,000. Osborne Partners Capital Management LLC acquired a new position in shares of Paypal Holdings during the first quarter valued at $4,058,000. Eastern Bank acquired a new position in shares of Paypal Holdings during the first quarter valued at $13,458,000. Finally, Manning & Napier Advisors LLC purchased a new position in Paypal Holdings during the first quarter valued at approximately $284,073,000. Institutional investors own 78.77% of the company’s stock.

Paypal Holdings Company Profile

PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.

5 Day Chart for NASDAQ:PYPL

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