PayPal Holdings, Inc. (PYPL) Receives New Coverage from Analysts at Buckingham Research
Stock analysts at Buckingham Research initiated coverage on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a report issued on Monday. The firm set a “buy” rating and a $74.00 price target on the credit services provider’s stock. Buckingham Research’s price objective points to a potential upside of 15.57% from the stock’s previous close.
Several other equities analysts have also recently commented on the stock. BidaskClub raised shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Robert W. Baird restated an “outperform” rating and issued a $65.00 target price (up previously from $59.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Credit Suisse Group reaffirmed an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, September 5th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 target price on shares of PayPal Holdings in a report on Tuesday, August 29th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $72.00 price target (up from $60.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $61.29.
Shares of PayPal Holdings (NASDAQ:PYPL) opened at 64.03 on Monday. The stock has a 50 day moving average price of $62.68 and a 200-day moving average price of $62.68. The firm has a market capitalization of $76.99 billion, a PE ratio of 51.64 and a beta of 0.98. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $65.24.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. Equities analysts forecast that PayPal Holdings will post $1.83 EPS for the current year.
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In related news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the transaction, the director now owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total transaction of $79,709.00. Following the completion of the transaction, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 261,351 shares of company stock valued at $15,302,809. Company insiders own 6.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of PYPL. BlackRock Inc. boosted its position in PayPal Holdings by 2,792.8% during the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after buying an additional 58,026,239 shares during the period. FMR LLC grew its stake in shares of PayPal Holdings by 36.1% during 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 last quarter. Capital World Investors grew its stake in shares of PayPal Holdings by 313.5% during the second quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock valued at $330,127,000 after buying an additional 4,663,337 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of PayPal Holdings by 1,064.7% in the second quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock worth $260,921,000 after buying an additional 4,444,097 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of PayPal Holdings by 100.7% in the second quarter. American Century Companies Inc. now owns 8,080,639 shares of the credit services provider’s stock worth $433,688,000 after buying an additional 4,054,993 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.
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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