PayPal Holdings, Inc. (PYPL) Earns Buy Rating from Barclays PLC
PYPL has been the subject of a number of other research reports. Zacks Investment Research lowered PayPal Holdings from a strong-buy rating to a hold rating in a research report on Wednesday, October 25th. Morgan Stanley raised their price objective on PayPal Holdings from $76.00 to $77.00 and gave the stock an overweight rating in a research report on Friday, October 20th. Robert W. Baird restated a buy rating and set a $80.00 price objective (up from $65.00) on shares of PayPal Holdings in a research report on Friday, October 20th. Bank of America Corporation restated a buy rating and set a $78.00 price objective (up from $71.00) on shares of PayPal Holdings in a research report on Friday, October 6th. Finally, Credit Suisse Group restated an outperform rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $73.11.
PayPal Holdings (NASDAQ PYPL) opened at $77.57 on Tuesday. PayPal Holdings has a 1 year low of $38.06 and a 1 year high of $78.43. The firm has a market capitalization of $93,232.16, a price-to-earnings ratio of 55.41, a P/E/G ratio of 3.18 and a beta of 1.03.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the company posted $0.35 EPS. PayPal Holdings’s revenue for the quarter was up 21.4% on a year-over-year basis. equities research analysts expect that PayPal Holdings will post 1.37 earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA raised its stake in shares of PayPal Holdings by 352.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after acquiring an additional 1,217 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PayPal Holdings in the 3rd quarter valued at approximately $113,000. Kistler Tiffany Companies LLC raised its stake in shares of PayPal Holdings by 511.9% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after acquiring an additional 1,684 shares in the last quarter. Thompson Davis & CO. Inc. raised its stake in shares of PayPal Holdings by 294.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after acquiring an additional 1,807 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of PayPal Holdings in the 3rd quarter valued at approximately $172,000. Institutional investors and hedge funds own 82.77% 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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