PayPal Holdings, Inc. (NASDAQ:PYPL) Receives “Hold” Rating from Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research report released on Thursday morning. They currently have a $61.00 target price on the credit services provider’s stock, up from their previous target price of $51.00.
Several other research firms also recently weighed in on PYPL. Citigroup Inc. reiterated a buy rating and set a $67.00 price target (up previously from $62.00) on shares of PayPal Holdings in a research note on Thursday. Barclays PLC boosted their price target on PayPal Holdings from $63.00 to $66.00 and gave the company an overweight rating in a research note on Thursday. Robert W. Baird reiterated an outperform rating and set a $65.00 price target (up previously from $59.00) on shares of PayPal Holdings in a research note on Thursday. Raymond James Financial, Inc. boosted their price target on PayPal Holdings from $52.00 to $65.00 and gave the company an outperform rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods reissued a buy rating and issued a $70.00 price objective on shares of PayPal Holdings in a report on Thursday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. PayPal Holdings presently has a consensus rating of Buy and a consensus price target of $59.49.
Shares of PayPal Holdings (PYPL) traded down 0.59% during mid-day trading on Thursday, reaching $58.85. The company’s stock had a trading volume of 2,966,985 shares. The company has a market cap of $70.76 billion, a PE ratio of 47.46 and a beta of 0.95. The company has a 50-day moving average price of $55.22 and a 200 day moving average price of $47.26. PayPal Holdings has a 52-week low of $36.28 and a 52-week high of $61.30.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. Equities analysts expect that PayPal Holdings will post $1.83 earnings per share for the current year.
PayPal Holdings declared that its Board of Directors has authorized a stock repurchase program on Wednesday, April 26th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the credit services provider to repurchase up to 9.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.
In related news, Director Gail J. Mcgovern sold 1,800 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $53.97, for a total value of $97,146.00. Following the completion of the transaction, the director now directly owns 12,647 shares in the company, valued at $682,558.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at $2,025,638.73. The disclosure for this sale can be found here. Insiders sold 4,501 shares of company stock valued at $240,989 over the last quarter. 6.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PYPL. Thompson Davis & CO. Inc. raised its position in shares of 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 valued at $104,000 after buying an additional 649 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in shares of PayPal Holdings during the first quarter valued at $106,000. Carroll Financial Associates Inc. raised its position in shares of 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 valued at $108,000 after buying an additional 740 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in shares of PayPal Holdings during the first quarter valued at $119,000. Finally, West Oak Capital LLC raised its position in shares of PayPal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock valued at $123,000 after buying an additional 550 shares during the last quarter. Institutional investors own 81.26% of the company’s stock.
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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