PayPal Holdings, Inc. (PYPL) PT Raised to $68.00 at Nomura
PayPal Holdings, Inc. (NASDAQ:PYPL) had its target price increased by Nomura from $57.00 to $68.00 in a research report released on Thursday morning. The brokerage currently has a buy rating on the credit services provider’s stock.
A number of other equities research analysts have also recently commented on PYPL. Zacks Investment Research raised PayPal Holdings from a hold rating to a buy rating and set a $48.00 price objective for the company in a research note on Wednesday, March 29th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $48.00 price objective on shares of PayPal Holdings in a research note on Tuesday, April 4th. Vetr raised PayPal Holdings from a buy rating to a strong-buy rating and set a $48.38 price objective for the company in a research note on Tuesday, April 4th. Piper Jaffray Companies reaffirmed an underweight rating and set a $41.00 price objective on shares of PayPal Holdings in a research note on Friday, April 14th. Finally, Credit Suisse Group reaffirmed an outperform rating and set a $47.00 price objective on shares of PayPal Holdings in a research note on Monday, April 17th. One 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 company. PayPal Holdings currently has a consensus rating of Buy and a consensus price target of $59.49.
Shares of PayPal Holdings (PYPL) traded down 0.52% during midday trading on Thursday, reaching $58.89. The company had a trading volume of 2,217,700 shares. The company’s 50-day moving average is $55.22 and its 200-day moving average is $47.26. PayPal Holdings has a 52-week low of $36.28 and a 52-week high of $61.30. The firm has a market cap of $70.81 billion, a P/E ratio of 47.49 and a beta of 0.95.
PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings will post $1.83 EPS for the current fiscal year.
PayPal Holdings declared that its board has approved a stock repurchase plan on Wednesday, April 26th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 9.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
In other news, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the transaction, the executive vice president now owns 37,491 shares of the company’s stock, valued at $1,967,527.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were 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 directly owns 37,491 shares in the company, valued at approximately $2,025,638.73. The disclosure for this sale can be found here. Insiders sold 4,501 shares of company stock worth $240,989 in the last ninety days. 6.00% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. increased its position in 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 purchased a new position in PayPal Holdings during the first quarter valued at approximately $106,000. Carroll Financial Associates Inc. increased its position in 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 purchased a new position in PayPal Holdings during the first quarter valued at approximately $119,000. Finally, West Oak Capital LLC increased its position in 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. 81.26% of the stock is currently owned by 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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